About this property
The site benefits from an accessible location close to the centre of Pelton Village with good access on to the A693 in the heart of the North East commuter belt. The site is well located being approximately 9 miles south of the centre of Newcastle/Gateshead, 8 miles north of Durham City, 2.5 miles to the west of the A1(M) junction 63 and 2.5 miles west of Chester le Street.
The site extends to approximately 18.33 acres (7.42 hectares), is slightly bowl shaped, and is currently used for arable crop production. A topographical survey of the site is available in the Buyer’s Pack.
Connections for gas, water, electricity and BT can be made within Pelton Lane and Oak Terrace adjacent to the site. Initial discussions with the statutory providers indicate sufficient capacity is available, however Buyers should satisfy themselves. Further details are provided in the Buyer’s Pack.
The freehold interest of the land is being offered for sale by Informal Tender with a closing date for greenfield offers, based on the consent granted, of 12 noon on the 23rd November 2018 by which time all offers must be in the hands of YoungsRPS. Offers are to be submitted on the attached form via email to both the below email addresses:
Following this deadline, a shortlist will be drawn up and further clarification in respect of bids including proposed schemes and Net Land Value will be sought before a preferred developer is selected.
It is then the intention of the vendors to work with the preferred developer on a disclosed costs basis to establish a final net land purchase price. The vendors reserve the right not to accept any nor indeed the highest offer.
The Vendors reserve the right to charge VAT at the standard rate in addition to the purchase price.
Outline planning consent was granted on 4th August 2017 application ref no DM/16/04048/OUT and is for up to 190 units, of which 15% are to be affordable homes. The application also provides for public open space and recreational facilities. A full set of consultants reports which were part of the planning application are available in the Buyer’s Pack.
It will be the responsibility of the buyer to obtain approval of reserved matters.
The site can be viewed from the public footpath adjacent to the site. Access on to the site is by appointment with the selling agents, YoungsRPS.
Based on a sale price of £1,000,000 the total amount of stamp duty payable will be:
Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.
* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.