Development opportunity

Stella Gill Industrial Estate, Chester Le Street , DH2 2RG

£280,000+

Call Us: 01661 831 360

Suitable for a variety of uses subject to planning permission, this large parcel of land, measuring proximately 4.9 acres is located close to the Hilda Park estate in Chester Le street. Formerly a railway yard, then a fertilizer works, the site is currently vacant but listed as B1C – (Light industrial appropriate in a residential area).

The site is made up of one long building measuring approximately 140 m x 18m, an area of hard standing, and an area that is now covered by self seeding tree’s.

There is a clawback clause relating to the title of the property whereby should planning permission be granted for residential development, then 50% of the uplift in value will be due to the Lambton Estate. No clawback is applicable should the site gain commercial or industrial planning permission.

The site currently enjoys vehicular access though a right of way over over a single width road owned by a third party. Access to this road is gained through the Stella Gill industrial estate.

The site is located close to the popular Hilda Park estate in South Pelaw. The estate has a number of local amenities at hand including beauty shops and a convenience store. The centre of Chester Le Street however is located merely a couple of minutes drive away.

Property details provided by JW Wood
EPC rating: exempt

For Sale by Auction TAKING BIDS NOW Option 1

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by JWW. 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 £1000+vat (total £1200) 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 title is available upon request.
Draft property details awaiting vendors approval.

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