Initial price	£150,000
11/01/24	£90,000
15/02/24	£119,950
Price Change	-20.03%

A development site with planning permission for the demolition of a former auction house and the construction of five apartments is being sold through an online auction. The site, located in Jarrow, Tyne and Wear, is approximately 0.12 acres and is currently occupied by the derelict former Jarrow Auction House, which was severely fire damaged in 2017. Planning permission has been granted for the demolition of the building and the construction of five apartments with undercroft parking and associated works, subject to conditions. The site is situated in a predominantly residential area, with good transport links to nearby arterial routes. The property is being sold on an Option 1 basis, and a legal pack is being prepared. All prospective buyers are advised to view the reports available and satisfy their own enquiries regarding the planning permission and title before bidding.