Land for sale

Development opportunity in Springwell, Gateshead. The property comprises of two distinct areas for development which have been identified as Area A and B (the ‘Property’).

Area A has short/medium re-development/development potential of the existing buildings or development of the wider site.

Area B has a medium/longer term strategic residential development opportunity (all subject to planning approval).

OFFERS INVITED BY
5PM ON THURSDAY 19TH OCTOBER 2023

Summary
Development opportunity in Springwell, Gateshead. The property comprises of two distinct areas for development which have been identified as Area A and B (the ‘Property’).
Area A has short/medium re-development/development potential of the existing buildings or development of the wider site. Area B has a medium/longer term strategic residential development opportunity (all subject to planning approval).

Location
The Property is located in the village of Springwell, Gateshead. The village is a short distance from both the A1 and A19 convenient for North and South connections.

Area A
Area A compromises of a Gospel Hall, School House, Farmhouse & Barn, (labelled points A, B, C and D respectively on plan on previous page) and approximately 5.8 acres of pasture with a total area of 8.5 Acres. Details of the buildings can be found below:

Peareth Gospel Hall (labelled point A) is a single storey building constructed of red brickwork with a corrugated metal sheet roof. Internally the building is finished with wooden clad walls, suspended ceilings and carpeted throughout. The property contains recently updated air conditioning and contains water, mains drainage and electric connection.

The property is registered under class F1 (learning and non-residential institutions).

60 Peareth Hall Road (labelled point B) was a former residential dwelling which was converted into a school under a change of use in 2016. This two-storey property has been extended from its original structure including an entrance to the south, conservatory to the east and kitchen/living area to the north-west. The property is supplied by water, mains drainage and electric connection.

The property is registered under class F1 (learning and non-residential institutions).

Peareth Hall Farmhouse and Barn (labelled points C and D) are Grade II listed buildings which were built in the late 18th century. The Hall Farm is the only surviving element of the original Usworth House which was demolished in the early 19th Century. The Barn located to the east of Hall Farm was part of the outbuildings that formed the curtilage of the original manor house.

Peareth Hall Farm is not currently occupied and has been boarded up for security reasons.
It is understood there is electric, gas supply and septic tank drainage.

The Barn previously had a successful planning permission for the change of agricultural building to a residential dwelling. This included partial demolition works that were granted by Sunderland City Council on 22 August 2018 under planning reference 18/0110/LBC. It is understood this planning permission has not been implemented.

Peareth Hall Farm is registered for Council Tax under tax band G.

Area B
Area B comprises of circa 69.39 Acres (28.08 Hectares) which is currently farmed as arable. The land has a gentle incline from south to north and from west to east.

It is expected should Area B be developed access would come through Area A (please see Highways Assessment within data room).

Planning
Area A and B are located within the Green Belt. Sunderland City Council have confirmed they can currently demonstrate a 5 year housing land supply. Area A presents a medium term development potential, as it would enable a logical extension to the settlement of Springwell. Any development would however require appropriate consideration of the site constraints including Green Belt and heritage impact. Area B may present medium/longer term development potential, subject to the land being omitted from the Green Belt.

A transport survey has been prepared to ascertain likely Highways requirements for the bulk development of Area A and B. This document can be found within the data room.

Access
Area A is accessed from Peareth Hall Road which is an adopted highway.

Area B is accessed from Heugh Lane which is an adopted highway or via a right of way which runs adjacent to the A194 (M) to the south of the property.

Services
It is understood the site holds connections to relevant services, however purchasers are recommended to seek independent advice as to the availability, suitability of existing and cost of connection of services to meet their requirements.

Gross Internal Area

60 Peareth Hall Road - 3,111 sq ft
Peareth Hall Farm - 2,077 sq ft
Peareth Hall Barn (stone area) - 1,690 sq ft
The Gospel Hall - 5,555 sq ft
Total - 12,433 sq ft

EPC
60 Peareth Hall Road 44E - Nov 2027
Peareth Hall Farm 49E - July 2028
The Gospel Hall N/A

Rating Assessment
60 Peareth Hall Road - £13,250

The Small Business Rate for the year 2023/2024 is 49.9 pence in the pound.

Method of Sale
It is anticipated the sale will be on a fixed price basis and preference would be given to an unconditional offer. Where buyers require a level of conditionality, that should be clearly specified as part of any offer.

We are inviting offers for the property by no later than 17:00 on Thursday 19th October in line with the following bid requirements:

• Name and registered address of the bidder.
• Name and contact details of the bidder’s solicitor.
• Confirmation on which parcel(s) of land the offer is being made.
• Contract type e.g. unconditional, conditional, option agreement.
• Brief details of the intended future use of the land.
• Outline associated timeframes to sale completion.
• Offers to outline financial arrangements for acquisition including proof of allocated funds.
• Preference will be given to given to unconditional bids. However, any conditions associated with an offer must be clearly set out and explained.

All offers are subject to contract, and the sellers are not under any obligation to accept any or the highest offer. Offers should be emailed to Ocean Atkinson or Rhys Jones, please see the agents details below.

Anti-Money Laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful bidder.#

Tenure & Possession
The site is offered freehold with vacant possession upon completion.

Legal Costs
Each party to bear their own legal costs incurred in the transaction unless otherwise agreed.

VAT
All figures are exclusive of VAT where chargeable.

What3Words
The location of the Property can be found using the following:

///nerve.mass.vouch

Viewings
Viewings are strictly by prior appointment with George F. White.

For further information, please contact Zoe Davies or Rhys Jones.