Now under offer: Residential Development Site, Low Fell

Residential Development Site, Joicey Road, Low Fell, Gateshead, NE9 5AT
1.167 ha (2.884 acres) | Build area approx. 1731 sq.m. (2070 sq.yds)
By Informal Tender Long Leasehold | Residential development opportunity for 3-4 storeys

Location

The site is located on Joicey Road in Low Fell, Gateshead. It is a quality location that offers convenient access to all parts of the north east, including Team Valley and the A1, and the centre of Newcastle. There is excellent local shopping nearby, with Saltwell Park approximately five minutes walk away.

Low Fell has traditionally been the most desirable part of Gateshead with a range of high quality and high value housing of both old and new design. Various schemes are bring promoted nearby, including the redevelopment of the former Gateshead College complex, which lies to the north of the site.

Description

The full area to be leased extends to approximately 1.167ha (2.884 acres). The area that can be developed is 1,731 sq.m. (2,070 sq.yds) , being the footprint of the existing health club building.

An initial feasibility design indicated that the area available for development could accommodate a three to four storey structure providing over 40 apartments. With a good mix of two and three bedroom units, they would all be in the region of 100 sq.m.

The purchaser will be responsible for the demolition of the existing building. Ashfield Nursery is to remain in operation throughout the development process, and access will eventually be shared with the nursery operator and the occupiers of the new scheme.

Further information

For more information or to arrange a meeting please email info@abppco.com or telephone 0191 580 6800.

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