Lady Park Farm - Lot 1

Development site with former farmhouse and 4.69 acres close to Newcastle Upon Tyne.

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

This is a very rare opportunity to create a beautiful country home close to Newcastle Upon Tyne. The cottages, which are currently un-occupied and in need of renovation, are set out as a three bedroom cottage and a two bedroom cottage, with access between the two currently only on the first floor. The property will need complete renovation and planning consents for any significant alterations. The property is brick built and rendered with a slate roof and has parking areas to the rear and a large garden to the front.

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

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.