Sunderland, Part completed residential scheme circa3 miles

Paul Airey Estate Agents

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£1,700,000

Sunderland, Part completed residential scheme circa3 miles

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Sunderland, Part completed residential scheme circa3 miles in Silksworth Ward TWR is a House

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Price:

£1,700,000 Get Prequalified Today

Contact:

01915 145777

Location:

Silksworth Ward, Tyne & Wear

Description:

Part completed residential scheme circa3 miles from Sunderland city centre comprising 39No Apartments and 16No Houses, of 57 total units, two of which were sold on a leasehold basis and are in private ownership.
Well located off the A690 Durham to Sunderland Road and served with excellent transport links, local schools and amenities, the site backs onto open land and a key cycle / pedestrian route, with Doxford International Business park situated within two miles.
25No Apartments & 4No Houses require construction; 16No Apartments & 12No Houses require internal completion.

LOCATION
Belstone Court is located on Warwick Terrace in Silksworth, Sunderland, SR3 1BF approximately 3 miles south west of Sunderland city centre.
Silksworth is a former coal mining village on the outskirts of Sunderland just off the A690 road to Durham.
The immediate area has a range of facilities including sports and leisure complex, a ski slope, and a recently constructed Sainsbury supermarket.
The site is on a direct bus link to the city centre and Doxford International Business Park, a large concentration of employment which lies within two miles distance of the site.
The site is well served by public transport with six bus stops within 200m serviced by high frequency bus routes.
The rear of the site provides access to one of Sunderland's multi-modal routes for both pedestrians and cyclists and access to the network of routes throughout Sunderland.
The site has the advantage of being within close proximity to both New Silksworth Infant and junior schools.
There are local shops, post office and pubs all within easy walking distance of the site.
DESCRIPTION
The development is made up of 41No. 2 bedroom apartments, 14No. 4 bedroom houses and 2No. 3 bedroom houses, arranged across nine individual blocks.
BLOCK 1
is a development of 8No. 2 bedroom apartments. Two of these units have been sold. Plot 2 is a ground floor unit and is complete and furnished as a show flat. We understand that Plot 4 was previously occupied and is also complete. We understand the other units are at first fix. Block 1 faces the main road.
BLOCK 2
is a proposed development of 16No. 2 bedroom apartments. It appears that foundations and some drainage works are complete and peripheral structure is out of the ground to below first floor level. Block 2 faces the road.
BLOCK 3
is a development of 8No. 2 bedroom apartments which we understand to be at first fix level. This has a better aspect as it does not face the road.
BLOCK 4
is a row of 5No. 4 bedroom town-houses with a 3 bedroom house at the end. These appear relatively complete, without floor coverings, with Plot 37 previously used as a show home.
BLOCK 5
comprises 2No. 4 bedroom semi detached houses of an identical layout to the town-houses, and appeared to be at first fix level.
BLOCK 6
is a proposed 6No. 2 bedroom apartments and has foundations and basic structure to first floor level and has a more attractive aspect over green space.
BLOCK 7
is a proposed 3No. 2 bedroom apartments of a larger style, and has the more favourable aspect.
BLOCK 8
is 4No. 4 bedroom town-houses and has foundations laid and some structure to below first floor level. These have the more attractive aspect over the rear.
BLOCK 9
is 4No. 4 bedroom town houses with a 3 bedroom at the end. These appear to be at first fix.
PLANNING OBLIGATIONS
We understand the site has planning for 41No. Flats and 16No. Houses. We advise interested parties carry out
their own due diligence around the current status of building control; compliance with planning for any of the built
or part built units on site and investigate any conditions or obligations which formed part of the overall approval. We understand that all road bonds currently sit with NHBC and roads have been completed to base course level but that interested parties should undertake their own enquiries and due diligence around such issues.
SERVICES
The site has main connections for Gas, Electricity and Water/drainage. Interested parties must satisfy themselves as to the commissioning of the individual connections to each property of such services and utilities.
TENURE
The Freehold of the site is available. It will be the responsibility of the purchasers to satisfy themselves as to the suitability of the title for their proposals.
OFFERS
Unconditional offers are invited for the Freehold interest of the site. Offers should be made in writing to:
Paul Airey, 5 Athenaeum Street, Sunderland, SR1 1QX, for the attention of Paul Airey.
Your offer should include details of your funding and your legal representative. Please Note: Our client is not obliged to accept the highest or indeed any offer without prejudice and subject to contract.
LEGAL COSTS
Each party to bear their own legal costs incurred in the preparation and settlement of any sale documentation together with any VAT incurred thereon.
VIEWING INFORMATION
The site can be viewed from the roadside and a basic inspection of the units is possible by walking round the development. The postcode is SR3 1BF.
To arrange an appointment to organise an internal inspection or for any further information, please contact Paul Airey 0191 514 5777 / (click to respond) or the joint selling agent, Collis Edison LLP 0191 22 11 330 / (click to respond).

Purchasing Procedure - To make an offer once you are interested in buying this property please contact our sales office as soon as possible. Any delay may result in the property being sold to someone else.
Very Important Notice: In accordance with the Property Misdescriptions Act (1991) we have prepared the sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements and distances referred to are given as a guide only and should not be relied upon for the purchase of any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details and photographs remain exclusive to Paul Airey Chartered Surveyors.

Property Type:

Single-Family Houses

For sale by:

Agent/Broker

Phone:

01915 145777

Posted:

November 27 2011 on Facebook

Contact:

01915 145777