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£395,000
Development Opportunity For Sale
The subject site is situated to the rear of Linskill Terrace in North Shields within North Tyneside. The popular residential area benefits from exceptional local amenities and public transport with North Shields Metro Station and multiple bus stops surrounding the site and running regular services connecting the development to Tynemouth, Newcastle upon Tyne and the wider region. Tynemouth is situated just one mile east of the site, offering further amenities and Long Sands Beach. The proposed development comprises 9no residential dwellings arranged within an apartment block. Each apartment accommodates 3 persons across 2 bedrooms and measure a gross internal area of 61sqm (657 sq.ft.).
The site comprises lapsed outline planning permission for the development of a nine-unit apartment block with associated external landscaping and car parking. Reference: 23/00708/COND pursuant to 17/00700/OUT. All reserved matters were met excluding the lead check within the land contamination report.
The site benefits lapsed planning permission for a variety of applications including the construction of 2no. blocks of flats, each containing 12no. apartments. Reference: 09/00678/OUT and the construction of 9no. three storey terraced townhouses with associated parking. Reference: 11/02230/OUT.
All figures are based on a standard repayment mortgage calculated from the information shown here.
I'm a first time buyer
Property is a buy-to-let or second home
Buyer is a non-UK resident
These figures are estimates and are provided for guidance only. This calculation is only a guide.
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