Ochre Yards, Gateshead - Residential Development/Re-furbishment Opportunity
0.21 Hectares / 0.51 Acres
For Sale - Exciting Residential Development Opportunity
Ochre Yards is a high quality modern apartment led residential development prominently situated on the southern bank of the River Tyne. The development is within walking distance of both Gateshead and Newcastle’s centres.
Block 2 Ochre Yards, is prominently situated at the front of the scheme on Rabbit Banks Road. The property’s elevated position affords views across the Tyne Gorge towards the Bridges, Newcastle and the world famous Quayside area.
Access into the site comes from High Level Road which in turn feeds into A184 (Askew Road) providing a direct link to Gateshead town centre, the Tyne Bridge and the A1 Western by-pass. The site therefore easily connects to the wider Tyneside conurbation.
Pedestrians can also use the High Level Bridge which runs adjacent to the site and provides a direct link back towards Newcastle city centre. The site is also within walking distance of the main amenities around Newcastle/Gateshead Quayside.
The property comprises a Grade II listed former warehouse and engine repair shed with associated adjoining land. Access comes via the existing Ochre Yards development.
The building is broadly rectangular in shape and is of traditional brick construction surmounted by pitched roof. Accommodation is arranged over two storeys with the upper level providing a large open warehouse space and the lower level providing storage and office accommodation.
The proposed redevelopmof the existing building and sub-divide it to provide a range of apartments and car parking. Alternative redevelopment options may also be available.
An information pack setting out plans and background details on the property is available from the joint agents.
The Joint Agents are instructed to seek offers for the property by way of an Informal Tender. Offers are sought for the freehold interest in the property and should be submitted in writing no later than 1pm, Friday 15th September 2017. Offers should be submitted in writing to Cushman & Wakefield and include details on the following:-Proposed Purchase Price-Intended Use-Any conditionality associated with the Purchase Price-Timetable for satisfaction of any conditions, exchange and completion-Details of how the purchase will be funded. Our client is not obliged to accept the highest or indeed any offer for the property.
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SUBJECT TO CONTRACT
IMPORTANT NOTICE: Cushman & Wakefield gives notice to anyone who may read these particulars as follows: These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. Any areas, measurements or distances referred to herein are approximate only. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact. August 2009.