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Commercial Development for sale

Land at Princes Street

£140,000

Property Description

Key features

  • Development Opportunity
  • Proposed Development Providing a GIA of 516m2 (5,544 ft2)
  • Freehold Offers invited in Excess of 140,000
  • Planning Permission for 9 Apartments
  • Town Centre Location with Excellent Transport Links
  • Cleared Site

Full description

LOCATIONThe site is situated within Bishop Auckland town centre and is surrounded by local schools, shops and recreational facilities.The site is also located within walking distance of Bishop Auckland General Hospital, and has good transport links with the A688 leading to the A68 and also has good transport links with the A689 leading to the A167 and A1(m) to travel North and South. There are also rail links to Darlington Railway Station.DESCRIPTIONThis Brownfield site lies within a break in a line of Victorian terrace properties. The development site has planning permission for nine residential apartments. It is proposed that the accommodation will be spread over three storeys, each containing three of the two bedroom apartments. Access to the upper floors is gained via two internal stairwells to the front on the property.The existing planning permission provides for a property of traditional brickwork construction with cavity wall insulation, underneath a pitched tiled roof. Windows to be high performance uPVC double glazing.The site would be suitable for alternative development schemes, subject to planning.PROPOSED ACCOMMODATIONThe accommodation will comprise:Ground Floor: Apartment 1: 53 m2 (566 ft2) Apartment 2: 57 m2 (613 ft2) Apartment 3: 62 m2 (669 ft2)First Floor: Apartment 1: 53 m2 (566 ft2) Apartment 2: 57 m2 (613 ft2) Apartment 3: 62 m2 (669 ft2)Second Floor: Apartment 1: 53 m2 (566 ft2) Apartment 2: 57 m2 (613 ft2) Apartment 3: 62 m2 (669 ft2)Total 516 m2 (5,544 ft2)ASKING PRICEOffers in excess of £180,000LEGAL COSTSEach party is to bear their own legal costs involved in the transaction.VATAll rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.


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