This property is no longer on the market
Land
Key information
Property description & features
- Tenure: Freehold
- Light Industrial Site (B1C)
- Approximately 4.9 acres
- Close to Popular residential area
- Suitable for a variety of uses (Subject to Planning)
- Close to Chester Le Street Town Centre
- Good Transport links
Suitable for a variety of uses subject to planning permission, this large parcel of land, measuring proximately 4.9 acres is located close to the Hilda Park estate in Chester Le street. Formerly a railway yard, then a fertilizer works, the site is currently vacant but listed as B1C - (Light industrial appropriate in a residential area).
The site is made up of one long building measuring approximately 140 m x 18m, an area of hard standing, and an area that is now covered by self seeding tree's.
There is a clawback clause relating to the title of the property whereby should planning permission be granted for residential development, then 50% of the uplift in value will be due to the Lambton Estate. No clawback is applicable should the site gain commercial or industrial planning permission.
Our Client would also entertain subject to planing deals in the region of £1.3m, and auction terms would be altered accordingly.
The site currently enjoys vehicular access though a right of way over over a single width road owned by a third party. Access to this road is gained through the Stella Gill industrial estate.
The site is located close to the popular Hilda Park estate in South Pelaw. The estate has a number of local amenities at hand including beauty shops and a convenience store. The centre of Chester Le Street however is located merely a couple of minutes drive away.
Rooms
Title for sale is marked in red
Current Vehicular access by right of way over land owned by Third party
This is marked by a light blue dashed line
Title bound in Yellow
This is land owned by Durham County Council
Area bound in Green
This title is currently un registered
Area Bound in Orange
This title is owned by Shenstone properties.
Places of interest
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Energy Performance data and Internal floor area
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