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MapLand for sale
Land At Clavering Road, Swalwell
Land
Key information
Features and description
- Planning Permission Granted for the Construction of 8 Apartments in a Single Four Storey Block
- Cleared Site Measuring Approximately 0.21 Acres
- Perfectly positioned near Whickham, the Metro Centre, and with easy access to the A1
- Freehold
- Reference: 457203
Prime development opportunity in Swalwell. Perfectly positioned near Whickham, the Metro Centre, and with easy access to the A1, this cleared site comes with full planning permission for construction of eight apartments. Each apartment will have two bedrooms and we would expect good demand for the completed units, in this excellent location.
Development Information
Our client has informed us that in his opinion the GDV of the finished development will be in the region of £1,100,000 and that he had intended to build to rent, with a rental expectation of around £800 to £850 pcm per apartment. Also he expected the build cost to be in the region of £600,000. He has decided to sell due to the fact that he has other projects currently in hand. These are the current owners figures for illustration only and any buyer must carry out their own research and calculations before committing to purchase.
Location
The site is located within Swalwell which is a suburb of Gateshead, close to Whickham and the Metro Centre. It has frontage to Clavering Road, close to the junction with Swalwell Bank. There are local shopping, leisure and educational facilities nearby. Additionally, there are excellent transport links available close to the site, with the main A1 Western Bypass in close proximity. We would expect there to be good demand of the finished apartments.
Planning
Planning permission was granted on 6 February 2024 (DC/23/00437/FUL) for the erection of a four storey apartment block comprising of 8 no two bed units in a single block. All of the documents are available on the planning portal. The permission is subject to various conditions, including the usual one that development must commence within 3 years.
Site Area
This is a cleared site of approximately 0.21 acres, we have not measured the site physically and prospective buyers must make their own enquiries and commission any required surveys for themselves.
Legal
The site is subject to an overage agreement a copy of which is available upon request. This will most likely amount to £15,000 in total but this depends upon the final sale price of the apartments. There is a S106 agreement in place and we are advised that the council fee has been paid and that the contribution to biodiversity amounts to £3828. A copy is available upon request. Prospective buyers should take relevant advice.
VAT
We are informed the site is not subject to VAT.
Tenure
We are advised by our Client that we are to sell the Freehold interest held on two titles. Land Registry OCE's are available upon request. We 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.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on[use Contact Agent Button]
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The 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.
EPC Rating:
Development Information
Our client has informed us that in his opinion the GDV of the finished development will be in the region of £1,100,000 and that he had intended to build to rent, with a rental expectation of around £800 to £850 pcm per apartment. Also he expected the build cost to be in the region of £600,000. He has decided to sell due to the fact that he has other projects currently in hand. These are the current owners figures for illustration only and any buyer must carry out their own research and calculations before committing to purchase.
Location
The site is located within Swalwell which is a suburb of Gateshead, close to Whickham and the Metro Centre. It has frontage to Clavering Road, close to the junction with Swalwell Bank. There are local shopping, leisure and educational facilities nearby. Additionally, there are excellent transport links available close to the site, with the main A1 Western Bypass in close proximity. We would expect there to be good demand of the finished apartments.
Planning
Planning permission was granted on 6 February 2024 (DC/23/00437/FUL) for the erection of a four storey apartment block comprising of 8 no two bed units in a single block. All of the documents are available on the planning portal. The permission is subject to various conditions, including the usual one that development must commence within 3 years.
Site Area
This is a cleared site of approximately 0.21 acres, we have not measured the site physically and prospective buyers must make their own enquiries and commission any required surveys for themselves.
Legal
The site is subject to an overage agreement a copy of which is available upon request. This will most likely amount to £15,000 in total but this depends upon the final sale price of the apartments. There is a S106 agreement in place and we are advised that the council fee has been paid and that the contribution to biodiversity amounts to £3828. A copy is available upon request. Prospective buyers should take relevant advice.
VAT
We are informed the site is not subject to VAT.
Tenure
We are advised by our Client that we are to sell the Freehold interest held on two titles. Land Registry OCE's are available upon request. We 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.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on[use Contact Agent Button]
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The 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.
EPC Rating:
About this agent
With over 40 Years’ experience in the Property Industry, if you’re a landowner, developer or house builder looking to sell or buy land and new homes in the North East, Andrew Craig should be your first choice of Estate Agents. With over 40 Years’ experience in the Property Industry, if you’re a landowner, developer or house builder looking to sell or buy land and new homes in the North East, Andrew Craig should be your first choice of Estate Agents.
