Residential development for sale

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Residential development for sale

Stillington, Stockton-On-Tees
£500,000

Our Summary

  • Situated on the edge of the village of Stillington, the size and arrangement of the parcel lends itself to a potential infill development (subject to necessary consents)
  • Overage - As a consequence of its future development potential the land will therefore be sold subject to a 30 year overage based on 50% of the uplift in value, arising from the grant of planning consent being payable to the vendor
  • The Vendor would also consider a conditional sale, subject to planning permission by separate negotiation

Description

The property is a circa 1-hectare (2.4-acre) parcel of pasture land located on the edge of the village of Stillington, with access through Victory Gardens development. The land is bound by allotment gardens and playing fields to the north, private gardens to the east, and a private lane to the west. There are several redundant sheds on the site that were historically part of the allotments. The land has potential for infill development, subject to necessary consents, and the vendor will consider a conditional sale. Mains water, electricity, and drainage are understood to be available in the vicinity, but purchasers must undertake their own enquiries. The land is sold subject to all existing rights, including rights of way, and an overage clause is in place to protect the vendor's interest. The guide price is in excess of £500,000, and the sale will be concluded by private treaty or any other means at the vendor's discretion.
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