Guide price
£1,700,000
Land for sale3 Dinsdale Place, Sandyford, Newcastle Upon Tyne, 1Bd NE2
About this property
Residential Development Opportunity
Income Producing
Subject to Planning
The subject property currently comprises a two storey warehouse building, occupying a prominent corner position. The property has previously been occupied as a car/motorbike showroom extending to approximately
845.70m2 (9,102.9ft2).
Our client has submitted a pre-planning application and Indicative plans have been submitted as part of this pre-application enquiry showing four storey building accommodating 32 units within the main part of the building plus an additional two roof-top apartments. It should be noted however that these plans are indicative only at this stage in order to establish the height
and number of units that would be acceptable on the site. The detailed design of the building would be worked up and provided as part of a formal planning application in due course.
The site is available by way of a Freehold Investment opportunity. Let to Solutions UK distribution on a 4-year term from 12th November 2024 with annual fixed uplifts.
Year 1 £42,500
(Forty Two Thousand Five Hundred Pounds)
year 2 £46,000
(Forty Six Thousand Pounds)
year 3 £48,000
(Forty Eight Thousand Pounds)
year 4 £50,000
(Fifty Thousand Pounds)
The property may be suitable for prs, various residential development or other uses, subject to obtaining necessary planning permission. Indicative plans in respect of the proposed scheme are available on request.
845.70m2 (9,102.9ft2).
Our client has submitted a pre-planning application and Indicative plans have been submitted as part of this pre-application enquiry showing four storey building accommodating 32 units within the main part of the building plus an additional two roof-top apartments. It should be noted however that these plans are indicative only at this stage in order to establish the height
and number of units that would be acceptable on the site. The detailed design of the building would be worked up and provided as part of a formal planning application in due course.
The site is available by way of a Freehold Investment opportunity. Let to Solutions UK distribution on a 4-year term from 12th November 2024 with annual fixed uplifts.
Year 1 £42,500
(Forty Two Thousand Five Hundred Pounds)
year 2 £46,000
(Forty Six Thousand Pounds)
year 3 £48,000
(Forty Eight Thousand Pounds)
year 4 £50,000
(Fifty Thousand Pounds)
The property may be suitable for prs, various residential development or other uses, subject to obtaining necessary planning permission. Indicative plans in respect of the proposed scheme are available on request.
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Monthly repayment
£8,504 per month
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