Lady Park Farm - Lot 2

Development site with three stone buildings, two steel framed buildings and 2.92 acres.

CLOSING DATE FOR OFFERS WITH PROOF OF FUNDS, BY NOON ON WEDNESDAY 10TH AUGUST 2022.

The range of buildings has the potential for development into several residential units subject to the necessary consents. A neighbouring property does currently have a right of access from the main road behind the cottages to access their property, however it may be possible to create an alternative access. This is marked in green on the sale plan.

Lot 1: Former Farmhouse set out as two semi-detached cottages and land, in total 4.69 acres. Guide price: £400,000

Lot 2: Two steel framed buildings plus three stone
buildings and land, in total 2.92 acres.
Guide price: £320,000

Lot 3: 7.17 acres of grassland.
Guide price: £110,000

Buildings
Building 1 (41m x 30m)Large steel framed building with a fibre cement roof,part block and part Yorkshire boarding and a concretefeed passage with feed rails.Building 2 (18m x 17m)Smaller steel frame building with fibre cement roof,part block and part Yorkshire boarding and handlingpens.Building 3 (5m x 25m)Single story stone former dairy building with a slateroof and concrete floor.Building 4 (15m x 5m)Single story stone building with a wooden frame andpartial concrete floor.Building 5 (10m x 18m)Former herringbone parlour building constructed ofstone with a concrete floor, and with a first floor atone end.

Land
All the land is down to grassland and is currentlyregistered for the Basic Payment Scheme. The mineralrights are excepted from the sale and are owned by athird party. The sporting rights are included in the salein so far as we are aware.

Planning
The Local Authority is Gateshead Council. Fullplanning permission would be necessary to convertany buildings that are suitable and make anyalterations to the existing dwellings.

Burdens
The property is sold subject to all rights includingrights of way, whether public or private, rights of light,support, drainage, water and electricity supplies andother rights, obligations and easements, quasieasements and restrictive covenants and all existingand proposed wayleaves for masts, pylons, stays,cables, drains and water, gas and other pipes,whether or not constituted in the title deeds orreferred to in these particulars. The Buyers will beheld to have satisfied themselves as to the nature ofsuch burdens.