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Land for sale
Holiday Lodge Development Site, Durham Road, Wingate, Durham
£450,000
Holiday Lodge Development Site, Durham Road, Wingate, Durham
£450,000
Our Summary
- 17 acres with road frontage and the benefit of full planning consent for 10 holiday lodges
- Planning consent was granted in 2016 under reference DM/16/03318/FPA with Durham County Council
- OverageIn the event that the Buyer or their successors in title obtain planning consent to carry out any development, that would increase the value of the land over the agreed sale amount, overage will be payable at 50% of the net uplift in value to the Seller, or their successors in title
- This provision will run for 25 years from the date of purchase, and the trigger will be the implementation of planning permission, or a sale with its benefit
Description
This is an exceptional opportunity to purchase a 14.17-acre woodland with road frontage, boasting full planning consent for 10 holiday lodges. The site has been granted permission by Durham County Council in 2016, with conditions 3, 8, and 9 having been discharged. The planning consent allows for the construction of 10 holiday lodges, each situated within approximately 1 acre of woodland, and can be used for a maximum of 50 weeks per annum. The land is being sold freehold, with vacant possession to be granted upon completion. The site does not currently have an electricity or water supply, and new connections would need to be made. Additionally, there is an overage provision, where 50% of the net uplift in value will be payable to the seller if planning consent is obtained to increase the value of the land. The woodland is located to the west of Wingate, approximately 10 miles east of Durham, and has access to the A19 just 1 mile away.