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Commercial property
Morris Road, Newton Grange EH22
Planning
£375,000
Next Steps
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Our Summary
- Sure to appeal to investors looking for an excellent development opportunity
- Plot comes with 2 options of expired planning permission
- 11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ, sold for £429,995*Sure to appeal to investors looking for an excellent development opportunity
- Plot comes with 2 options of expired planning permissionFantastic residential sales evidence in the area
- We are excited to present this excellent 89,000 square foot plot of land, located within a prime location in Newtongrange *PRIME DEVELOPMENT OPPORTUNITY* Planning reference numbers: PLAN REF: 16/00207/DPP, 16/00809/DPP Planning: 16/00207/DPP - This planning permission was previously approved for the development of 12 terraced properties consisting of 8 (2 and a half storey houses - 4 bed) and 4 (2 storey houses - 2 bed)
- Planning: 16/00809/DPP - This planning permission was previously approved for the development of 5 terrace houses (2 and a half storey houses - 4 beds) and 11 (10 x 2Bed & 1 x 3beds)
- Planning permission application 16/00207/DPP was initially sought but rejected
- Both sets of planning permission have expired so the new owner of the land looking to develop would need to apply for the planning to be renewed
- 11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ, sold for £429,995* Plot is situated in a sought after area for the development of residential property, with access to great local amenities and schools in the local area *PRIME LOCATION* Sure to appeal to shrewd developers looking for an excellent development opportunity
- Attractive opportunity with incredible potential for capital growth Should appeal to shrewd investor/builder/developer looking for an adequately sized plot for development
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Description
The property is a 0.83 acre plot of land located in Newtongrange, Midlothian, with two expired planning permissions for development. The plot is approximately 89,000 square feet in size and has planning permission for the construction of 12-16 residential properties, including 2 and 4-bedroom houses and a 3-bedroom flat. The land is situated in a prime development location, with access to local amenities and schools, and has recently seen high sales in the surrounding area.