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Key Features

  • For Sale Via Auction
  • Approximately 0.25 Acres in Size
  • Situated Off Blaydon Bank
  • Site with Planning Permission Granted
  • Freehold Title
  • Reference: 432468

Property Description

FOR SALE BY WAY OF ONLINE AUCTION ON - THURSDAY THE 30TH OF MAY, 2024. OPTION 1 - Terms and Conditions apply. See Agents Property Auctions Website for full details. www.agentspropertyauction.com.

Development site of approximately 0.25 acres in size with Planning Permission for 9 apartments dated June 2021 and there was a previously agreed scheme for 6 houses. It is well located at the junction of Litchfield Lane and Blaydon Bank within Winlaton and in close proximity to the village centre with its excellent facilities. The Metro Centre and the A1M are both nearby, providing access to even more local facilities and beyond.

This is a prominent, cleared site, located in an excellent position close to Winlaton centre.

AccommodationThe drawings on the planning portal show a three storey building with three apartments on each floor. The accommodation of each apartment will comprise: entrance hall with cloaks cupboard, living room/kitchen, two bedrooms, bathroom and WC. On the portal the Rev A plans do not show the floor areas but the original proposed floor plans dated September 2020 did show each apartment amounting to 66.5 sq metres (715 sq feet). Potential buyers must satisfy themselves as to the accuracy of these dimensions. Externally the drawings also show communal grounds and nine allocated parking spaces with one visitor parking space.
In our opinion the size of each apartment could possibly be reduced, thereby reducing costs and providing a finished flat at a marketable floor area for the location. Any such revisions would have to be carried out by the purchaser and will require permission

Planning and ConsentsPlanning permission was granted on 23 June 2021 under ref DC/20/00793/FUL for the construction of a block of nine apartments over three storeys subject to various conditions, one of which was that construction must commence within three years. We have documents showing that the planning conditions have been satisfied, except for the Cycle store and Digital Infrastructure.
The portal shows a history of permissions having been granted historically, including 6 town houses in 2015 (DC/15/00974/FUL). All planning documents are available publicly on the Gateshead Council Planning Portal.

Site Area and MeasurementsThe site area is approximately 0.25 acres. All quoted measurements should be assumed to be approximate and are taken from the planning drawings. The site area is taken from Landinsight, an online mapping service. Potential buyers must satisfy themselves with regard to the accuracy of these measurements.

Energy As this is a cleared site it is not possible to provide any energy documentation.

ServicesThe site is located in a built up area and we have assumed that services will be available nearby. We are not aware of any formal enquiries to the utility companies and the buyer must therefore make all relevant enquiries to satisfy themselves regarding the provision of services.

TenureWe have on file land registry documents that we can provide to potential buyers showing that the title is indeed freehold.

VATWe have been advised that our Client is registered for vat however the site is not elected for vat.

Material InformationThe information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

TenureWe will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.

DisclaimerRed line drawings are used to show location of the plot and are not to be used as boundary drawings

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 andpound;2000.00+VAT (total andpound;2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel: 01661 831 360

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Location

Further Details

  • Status: Available
  • Tenure: Freehold
  • Tags: Parking and/or Driveway
  • Reference: 432468

Stamp duty due

Based on a sale price of £200,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.