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Morston House The Midway 28,222 SF Office Building Newcastle Under Lyme ST5 1QG $5,625,185 CAD ($199.32 CAD/SF)
Investment Highlights
- Site extends to 0.47 acres / 0.19 hectares
- Existing vacant former office building conversion
- Excellent regional transport
Executive Summary
Rare opportunity to acquire a fully consented PBSA conversion opportunity within the heart of Newcastle-under-Lyme town centre. The scheme includes the conversion and extension of Morston House "The Residence" to deliver 126 student studio-apartments together with extensive resident amenity including cinema, gym and communal areas. The existing building comprises a substantial former office property arranged across lower ground, ground and four upper floors. Planning permission granted under application reference 25/00438/FUL.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
28,222 SF
Building Class
C
Year Built
1980
Price
$5,625,185 CAD
Price Per SF
$199.32 CAD
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
4,492 SF
Building FAR
1.41
Lot Size
0.46 AC
Parking
33 Spaces (1.17 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Accent Lighting
- Energy Performance Rating - D
- Direct Elevator Exposure
- Perimeter Trunking
- Drop Ceiling
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Morston House | The Midway
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