Initial price	£640,000
07/06/24	£610,000
Price Change	-4.69%

This is an exciting opportunity to acquire a 0.84-acre site in High Heworth, Gateshead, with potential for residential development. The site, previously occupied by a building materials supplier, has received a positive pre-application response from Gateshead MBC planning department, allowing for the construction of 16 townhouses. The site is located near modern residential developments and has access to Whitehill Drive and High Heworth Lane. The current buildings will remain on the site, and prospective buyers must make their own enquiries regarding services, surveys, and planning consents. The site is to be conveyed on a freehold basis, with a covenant in place that will need to be released. With its prime location and potential for development, this site presents a great opportunity for investors or developers looking to capitalize on the high demand for modern homes in the area.