Low Etherley, Bishop Auckland

£700,000

Guide price

13 Building Plots with Vacant Possession, land to the south of Etherley Road, Low Etherley, Bishop Auckland, Co. Durham

With detailed Planning Permission for 13 units, to be erected, 9 three bed terrace cottages, 3 four bed detached houses and 1 four/five bed detached house (copy attached). This site is subject to a Section 106 Town & Country Planning Act 1990 Agreement, between the Vendor and Durham County Council dated 23rd July 2015, for 2 units, to be affordable housing, compensation agreed at £13,000.

Whilst the total site is 2.5 acres (1 hectare) is included in the sale, the area verged blue on the layout plan, has been subject to a Secretary of State Appeal for a further 8 detached units, to be erected, and dismissed. That area verged blue is to be included in an overage agreement, in the event of planning permission being obtained, for residential development, by the purchasers, or their successors in Title, for a period of 30 years, at a charge of 35% of the then realisable market value, will apply.Normal arbitration by a member appointed by the President of the Royal Institution of Chartered Surveyors, shall apply.

The site is subject to reserved matters with regard to the disposal of surface water from the site to the front road, and 'swales' as indicated on the layout plan, are provided within the development to accommodate this factor. Water Engineers reports and agreements are available. A former mine shaft is located on site, as indicated on the layout plan, and the subsequent treatment for this is held in reserved matters.

Low Etherley is a favoured rural location with the outskirts of Bishop Auckland with full facilities, within reasonable travelling distance, and limited recent similar developments have been carried out in nearby locations.

Main services of gas, water and electricity are available in the road fronting the site, as in the main sewer connection

PRICE: £700,000 or best offer

Marketed by Arrange viewing 01325 788959

Venture Properties - Darlington (Sales)

45 Duke Street, Darlington, County Durham

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