Sought-after Investment Opportunites
Middlesbrough is at the heart of the Northern powerhouse and has ambitious plans to regenerate. Property prices in Middlesbrough are still extremely low in comparison to other areas of the country. Therefore, now is the perfect time to get in. Middlesbrough was once famous for its steelworks & port, and there are big plans to regenerate these former industries.
The South Tees Development Corporation (STDC) has plans to redevelop the site into a world-class industrial park and attract £10 billion of investments and create 20,000 new jobs. This area has been given special economic area status. Alongside huge redevelopment, there is a big drive to attract new industries to Teeside, including healthcare, life science, digital and creative, professional services, energy, and renewables.
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High Rental Demand
Due to the low property prices, investors can expect strong yields when purchasing in Middlesbrough, and this has been recognised as being one of the highest rental yields in the whole country.
Teesside University also sees significant investment (£270 million) into university facilities and a new student village. This injection of funding is due to attract a rise in the universities stature and attract a considerable number of students, therefore, a need for housing.
International Expansion
Teesport at the mouth of the River Tees is a major deep-sea port and is the UK’s northern gateway for global shippers.
There are plans to expand the port by building a new northern gateway container terminal here, attracting over 40,000 new jobs and further investment into the area.
Middlesbrough is also home to Teeside International Airport and has exciting plans for further expansion.
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