Guide Price: £46,000, Land At Lisburn Terrace, Pallion New Road, Sunderland, Tyne And Wear, 433+53791

Property Details

Location

The sites excellent location provides easy access to the city centre 2 miles to the east, the Queens Alexandria Bridge within 0.3 miles which crosses the River Wear to the north, and the A19 within 3 miles providing links to the wider region including Newcastle's International Airport approximately 20 miles to the north west. There are a number of schools within a mile of the site and a Metro station within approximately 0.3 miles.

Description

Land extending to approximately 1.87 Acres (0.76 Ha) with potential for residential development subject to obtaining the necessary consents. The land lies adjacent to a completed large new build development constructed by Persimmon Homes and previously formed part of a wider site with outline consent, now lapsed, for mixed use for redevelopment comprising housing, offices, open space and infrastructure works.

Approx Site Area

1.87 Acres (0.76 Ha)

Planning

Outline planning consent was granted in 2010 for a large mixed-use redevelopment comprising housing, offices, open space and infrastructure works and that consent included the area of land being offered. However, we understand the original consent included the requirement for submission of a number of reserved matters, specific to development of the land offered for sale, and as those reserve matters were not submitted, the outline consent applicable to the site being offered subsequently lapsed due to the associated time contraints. The original outline consent was granted by Sunderland City Council under Application 10/01549/OUT published in October 2010. Details can be viewed on the Sunderland City Council online planning portal at the following URL https://online-applications.sunderland.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=L1Y8S6BB07Q00

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

VAT

VAT is payable on completion at the prevailing rate in addition to the gavel price.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 9TH NOVEMBER AND CLOSES ON WEDNESDAY 10TH NOVEMBER.

Addendum

Withdraw prior to the November may be offered in the first quarter of 2022. Interested parties will be kept updated.