Land Lying To The South Side Of The A1058, Cleadon, NE34

The land is situated at approximately 54'57‘40.07‘N, 1'24‘43.10‘W within the administrative area of South Tyneside.
The site lies in a semi-rural position on the outskirts of the Cleadon, yet remains conveniently located for access to local amenities, transport links and the wider Tyne and Wear conurbation. The surrounding area comprises a mix of agricultural land and residential development. The site offers a rare opportunity to acquire approximately 8 acres (3.24 hectares) of grazing land, offered as a single parcel.
The land is predominantly laid to grass and is suitable for numerous uses including agricultural use, grazing or equestrian purposes, with potential for paddock creation or small scale private equestrian facilities, subject to any necessary consents.

The site is considered to offer longer-term development potential, subject to obtaining the requisite planning permission, given its proximity to existing development and expanding urban fringe.

The sale will be subject to an overage (clawback) provision of 50% of any uplift in value arising from the grant of planning permission (or implementation of any use other than its existing agricultural/grazing use) for a period of 20 years from completion.

Tenure

The site is to be sold freehold with vacant possession.

Terms

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant.
We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall on this basis, and where silent, offers will be deemed net of VAT.

Legal Costs

All parties are to bear their own legal costs in the transaction.
Anti-Money Laundering Regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.