Residential development for sale

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Residential development for sale

Stillington, Stockton-On-Tees
£275,000

Our Summary

  • Situated on the edge of the village of Stillington, the size and arrangement of the parcel lends itself to infill development
  • The site has potential to deliver a variety of different residential schemes, and we believe it may also be suitable to provide a niche development of 5 detached homes on large plots (subject to necessary consents)
  • The land will 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 if more than the intended number of houses are built

Description

A circa 1ha (2.4ac) plot of pastureland is available for purchase in the village of Stillington, with access through Victory Gardens. The land is bound by allotment gardens, playing fields, and private gardens, and has potential for infill development or a niche development of 5 detached homes. The site is situated on the edge of the village, with nearby amenities including a church, primary school, post office, pub, and doctors' surgery. The property is being sold with vacant possession upon completion, and offers are invited in excess of £275,000. The sale is 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 if more than the intended number of houses are built. The land is sold subject to existing rights, including rights of way, light, drainage, water, and electricity supplies, and is being sold by private treaty.
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