Offers in region of
£375,000
(£215.27/sq. ft)
Land for saleDurham Road, Gateshead NE8
1,742 sq. ft
EPC Rating: B
Freehold
About this property
Development Opportunity
Size: 1,742 sq ft (161.8 sq m)
Asking Price: £375,000
Subject to Contract
Description
A prominent semi-detached property, constructed of brick under a slate roof and occupying basement, ground, first and second floors.
Subject to the required planning consents, the property offers an outstanding opportunity for redevelopment.
Location
The property occupies a prime position directly on the bustling A167 Durham Road in Low Fell. Durham Road offers a mix of independent shops, cafes, restaurants and convenience services, with the added benefit of nearby parking options. The location provides excellent connectivity to Gateshead and Newcastle City Centre via frequent bus services and easy road access.
Terms
Offers are invited in the region of £375,000 for our client’s Freehold interest.
Planning
The property was granted consent in June 2020 for the conversion of the existing premises to create 3 x dwellings in the form of flats which involved a change of use from professional financial services to dwellings under Use Class C3a).
The property may be suitable for a range of alternative uses, or indeed full redevelopment, subject to receipt of the relevant planning and freeholder consents required. Purchasers should make their own enquiries with Gateshead Council’s planning team as to the future uses of the premises.
A prominent semi-detached property, constructed of brick under a slate roof and occupying basement, ground, first and second floors.
Subject to the required planning consents, the property offers an outstanding opportunity for redevelopment.
Location
The property occupies a prime position directly on the bustling A167 Durham Road in Low Fell. Durham Road offers a mix of independent shops, cafes, restaurants and convenience services, with the added benefit of nearby parking options. The location provides excellent connectivity to Gateshead and Newcastle City Centre via frequent bus services and easy road access.
Terms
Offers are invited in the region of £375,000 for our client’s Freehold interest.
Planning
The property was granted consent in June 2020 for the conversion of the existing premises to create 3 x dwellings in the form of flats which involved a change of use from professional financial services to dwellings under Use Class C3a).
The property may be suitable for a range of alternative uses, or indeed full redevelopment, subject to receipt of the relevant planning and freeholder consents required. Purchasers should make their own enquiries with Gateshead Council’s planning team as to the future uses of the premises.
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