Plot for sale

>

Plot for sale

DEVELOPMENT SITE, Stanley
£180,000

Our Summary

  • DEVELOPMENT SITE - OUTLINE PLANNING GRANTED - 5 DETACHED DWELLINGSThe site extends to 0
  • scoopDescription - Outline planning permission for 5 detached dwellings was granted on 7 September 2022
  • Full details of the planning application can be found on Durham County Council’s planning portal reference DM/22/01580/OUT
  • Clawback - The land is sold subject to a clawback in favour of the vendor and their successors in title, that entitles them to a further payment upon the grant of planning permission for anything other than 5 detached dwellings as per the outline planning permission, equivalent to 50% of the uplift in value for a period of 25 years

Description

The property is a development site located in Stanley, Durham, with outline planning permission granted for 5 detached dwellings. The site extends to 0.75 hectares and is situated between South Moor and Quaking Houses, with easy access to major road networks and public transport facilities. The proposed layout will feature generous amenity space and parking areas, and the scale of the dwellings will closely reflect the adjacent dwellings in the area. Access will be via the existing access point off the rear lane behind Oswald Terrace, which will be widened and a new lamp post installed. The vendor and their successors in title will retain a right of access over the land to access their retained land to the south of the site. The land is sold subject to a clawback in favour of the vendor and their successors in title, entitling them to a further payment upon the grant of planning permission for anything other than 5 detached dwellings. The mines and minerals are excepted, and the land is sold subject to all rights of way, water, drainage, water courses, light and other easements, quasi or reputed easements and rights of adjoining owners (if any) affecting the same. Exchange of contract will take place as soon as possible, but in any event no later than expiry of eight weeks from the instructing.
Finance This Property