Lot 1 - Former Nurseries Site, Jesmond Dene Road, Jesmond Dene, Newcastle upon Tyne, Tyne and Wear, NE2 2EY

Upon Instructions of

  • Freehold for sale by informal tender
  • 6.7 acre site
  • Prime residential location
  • Largely cleared and level
  • Includes two houses, stables, offices and a leased real tennis court
  • Residential development opportunity
  • Full details are on www.lshauctions.co.uk

Viewings

Site inspections will be Tuesday mornings arranged via the auctioneers.

Details

Location

The city of Newcastle upon Tyne is located on the banks of the River Tyne and alongside the A1 and A19 trunk roads so providing easy access to the north and the south. The A69 runs east to Carlisle following the line of Hadrian's Wall. The city has a population of around 300,000 and has two leading universities with over 55,000 students, two major regional hospitals, a leading football club, and attracts over 20 million visitors a year.
The city has enjoyed much regeneration including the Quayside and ongoing Science Central redevelopment. The city lies on the main east coast rail line and is served by its own metro rail services and an international airport.
Jesmond Dene lies along the River Ouseburn just to the north of Newcastle city centre and is an attractive and popular residential suburb of around 12,000, within which are some of Newcastle's most desirable properties, many being substantial Victorian and Edwardian houses supplemented by new high end development. The area along the Ouseburn River Valley is designated a country park offering attractive river side walks.
The property occupies a prominent location with a long main frontage to Matthew Bank, one side fronting Jesmond Dene Road, the other Castles Farm Road and the rear boundary looking directly out over Jesmond Dene. There are three road access points, the principle one off Jesmond Dene Road shared with the adjoining Jesmond Dene House Hotel. On the opposite side of Jesmond Dene Road is La Sagesse, a new development of a historic property into high end houses and apartments.

Description

The property comprises a substantial and largely cleared and level site of approximately 6.4 acres, once home to the Newcastle City Council plant nurseries, until demolition and site clearance, leaving a generally hard surfaced level open site.
Adjacent to and fronting Castles Farm Road is a three bedroom two storey house together with an adjoining stone storage building.
At the other end of the property alongside the main access point and fronting Jesmond Dene Road are a cluster of buildings encompassing a stone stable block together with two facing rows of loose boxes with accommodation over and a lodge, once home to the mounted police, a brick office building and wooden office.
At the entrance to the site lies a well known country house hotel, and on the other side of Jesmond Dene Road a new residential development is nearing completion. About half of the rear boundary of the nursery site marked by a stone wall, lies adjacent to the Ouseburn River Valley Park with a back drop of mature trees.

Lot Type

For sale by informal tender

Tenure

Freehold.

Planning Authority

Newcastle City Council (0191 278 7878) www.newcastle.gov.uk.

Planning & Development

The property lies in Jesmond Dene, a prime residential location in Newcastle, with new high end residential development taking place close by. The property lies within a conservation area, however subject to planning consent would appear to be suited to a low density high quality residential development. The vacant existing buildings already on site, offer an opportunity for redevelopment. There is also a real tennis court which is subject to a lease, and historic police stables, both being Grade ll listed.

Energy Performance Certificate

For EPC Rating please see legal documentation

Floor Use Accommodation
The former nursery site Vacant possession 6.4 acres
Timber building Vacant offices (poss site office) Ground floor with extension
Lodge building Former offices/staff Stone lodge
Stone stable block Grade ll Listed) Former police stables Stone stable block with first floor and office
Two wooden stable blocks Former stables Single storey
Nursery Cottage, Castles Farm Road Vacant house 3 bed, 2 reception, bath, wc and kitchen
Nursery House Vacant house 2 reception, kitchen/diner, 2 bedrooms and bath/wc
Various outbuildings


Contact

Seller's solicitor

Newcastle Legal Services Danielle Hadden
0191 211 5161
danielle.hadden@newcastle.gov.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £625 plus VAT.

Starting Price £4,000,000

The auction has not yet started.
Bidding opens on
8th Sep 2017 12:00
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Guide price:
£4,000,000 plus
Legal Documents
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Agreement Documents