Investments Development

FANTASTIC REDUCTION!!! WAS £225K NOW GUIDE £150,000+

This is a rare opportunity to purchase a freehold plot of land in Birtley with residential development potential. The site comprises some 0.57 acres and is located at the bottom of Fell Bank, adjacent to New South Terrace and opposite Grange Farm. The site is currently disused and is bound to the east and west by residential dwellings. It is located within Birtley Conservation Area. A pre application has been submitted to Gateshead MBC, with a positive response regarding residential development on the site. Birtley is a popular residential area, located to the south of Gateshead and has seen much new residential development in recent years.

The site does not currently have planning permission for residential development and the buyer will need to make any such application entirely at their own cost. However, a pre-application was submitted to Gateshead MBC in November 2021 and on 7 March 2022 a response was issued. This is generally positive and includes the statement ‘In my opinion, the development of the site for residential use would be acceptable in principle.
The officer has continued to say that their informal view is that the site could accomodate 4/5 dwellings rather that (up to) 8 shown within the pre-applcation. This is of course a personal view and is subject to a formal
planning application in due course. Our Client’s Architect has produce d a sketch showing 6 homes on the site, which are similar in scale to those recently constructed lower down Fell Bank, close to the junction with Birtley Lane. We have also shown the drawing used in the pre-app. The exact number of dwellings will be determined by an experienced developer submitting a detailed planning application.

Property details provided by Andrew Craig
EPC rating: N/A
Council N/A
Tenure : Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 August 2023 OPTION 1

Site Area
The site comprises 0.57 acre with frontage to Fell Bank of 147 feet and a total depth of 193 feet. All measurements are approximate and the measurements quoted have been obtained
from an online mapping program. We have not physically measured the site and prospective buyers must satisfy themselves regarding the exact site area.

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by AC. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.