Lot 9 - Land Lying to the West of Caroline Terrace, Blaydon-on-Tyne, Tyne and Wear, NE21 4JX
- Unconditional Online Auction Sale
- Guide Price* : £135,000
Potential Development Opportunity
Description
- 0.57 acre potential development site in Blaydon-on-Tyne
- Former site of the Blaydon Races Hotel
- Excellent access to A1(M), A694 and rail links
- Close to Blaydon Shopping Centre and amenities
- Potential for a range of developments (STPP)
An exciting opportunity to acquire a parcel of land with excellent development potential, located in a well-established and accessible area of Blaydon-on-Tyne.
Measuring 0.57 acres, the site once accommodated the former Blaydon Races Hotel and lies just to the west of Caroline Terrace, just 5 miles west of Newcastle upon Tyne. The area is well-served by local amenities, including shops, schools, supermarkets, and public services. Blaydon Shopping Centre is within walking distance of the site, offering a wide range of retail outlets. Transport links are excellent, with Blaydon Railway Station less than a mile away, providing direct services to Newcastle and Hexham. The nearby A1(M) and A694 roads offer easy access to Newcastle, Gateshead, and surrounding regions.
The site does not benefit from planning permission but could be ideal for residential, community, or commercial use, subject to the necessary planning permissions.
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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