Land for sale

DESCRIPTION
Cauldcoats is currently a working farm steading however Midlothian Council is minded to grant planning consent for the conversion of the traditional farm buildings into 7 houses and the construction of 5 new homes.

The conversions will comprise 5 x 4 bedroom houses extending to between 104 and 190 sqm and 2 x 3 bedroom houses extending to about 130 sq m. The new builds are all detached 4 bedroom homes extending to between 146 and 172 sqm.

Cauldcoats Farmhouse is an attractive traditional dwelling built of stone under slate roofs. There are 2 reception rooms and kitchen on the ground floor and 4 bedrooms, bathroom and shower room on the first floor. It requires modernisation but has clear potential to enhance the development of lot 1.

The paddock lies to the west of the farmhouse and is currently used as pasture for grazing livestock.

GENERAL
Cauldcoats is situated in a highly accessible location on Edinburgh’s eastern edge. The city centre, the city bypass and the airport are all within easy reach. Locally the shopping facilities in Dalkeith and Musselburgh and the retail park at Fort Kinnaird are a short drive away.

The park and ride at Newcraighall station allows fast access to the city centre for commuters.

PLANNING
A planning application (16/00306/DPP) was lodged with Midlothian Council in 2016. In January 2017 the Council resolved to “be minded to grant planning permission” for the conversion of the traditional farm buildings to form 7 dwelling houses and the erection of 5 new houses subject to completion of a Section 75 Agreement.

This Section 75 Agreement is being negotiated between the seller and Midlothian Council in relation to developer contributions for education, community facilities, the Borders railway and other transport infrastructure.

These developer contributions will be deducted from the sale price. Further details are available from the selling agents.

METHOD OF SALE (see plan)
Lot 1 Cauldcoats Steading. 2.69 acres
Lot 2 Cauldcoats Farmhouse. 0.32 acres
Lot 3 4.5 acres of pasture

FURTHER INFORMATION

VIEWING
Strictly by appointment with the selling agents Galbraith ). Viewers are advised that Cauldcoats Steading is currently part of a working farm and livestock and machinery will be on site.

SITE CLEARANCE
The modern farm buildings will be removed from the site by the date of entry.

SERVICES (currently on site)
Mains electricity (lots 1 & 2)
Mains water (lots 1 & 2)
Private drainage (lot 2 only)

DEVELOPMENT CLAWBACK
In the event that planning consents, in addition to consent for 7 conversions and 5 new build homes, are obtained within 20 years of the date of entry, the seller will be entitled to 25% of the uplift in value. Details are available from the selling agents.

RIGHTS OF ACCESS/SERVITUDES
In the event of a sale in lots the buyers of the various lots will be granted all necessary rights of access and servitudes etc. A right of access over lot 1 to lots 2 and 3 for all purposes will be reserved.

TELECOMMUNICATIONS MAST
A telecommunications mast site is let to Airwave Solutions Ltd until 31st August 2020 at an annual rent of £4500. This site is included in the sale (lot 1).

Marketed by: Galbraith, Stirling