Stella Gill Fertilizer Works, Elmway, Chester Le Street, DH2

£400,000

Guide price

FOR SALE BY AUCTION

Suitable for a variety of uses subject to planning permission, this large parcel of land, measuring proximately 4.9 acres is located close to the Hilda Park estate in Chester Le street. Formerly a railway yard, then a fertilizer works, the site is currently vacant but listed as B1C - (Light industrial appropriate in a residential area).

The site is made up of one long building measuring approximately 140 m x 18m, an area of hard standing, and an area that is now covered by self seeding tree's.

There is a clawback clause relating to the title of the property whereby should planning permission be granted for residential development, then 50% of the uplift in value will be due to the Lambton Estate. No clawback is applicable should the site gain commercial or industrial planning permission.

Our Client would also entertain subject to planing deals in the region of £1.3m, and auction terms would be altered accordingly.

The site currently enjoys vehicular access though a right of way over over a single width road owned by a third party. Access to this road is gained through the Stella Gill industrial estate.

The site is located close to the popular Hilda Park estate in South Pelaw. The estate has a number of local amenities at hand including beauty shops and a convenience store. The centre of Chester Le Street however is located merely a couple of minutes drive away.

Title for sale is marked in red

Current Vehicular access by right of way over land owned by Third party This is marked by a light blue dashed line

Title bound in Yellow This is land owned by Durham County Council

Area bound in Green This title is currently un registered

Area Bound in Orange This title is owned by Shenstone properties.

Marketed by Arrange viewing 01388 213705

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