House For Sale Pennyfine Road, Sunniside, Newcastle upon Tyne, NE16

£850,000

1 of 10
  • Description
  • Street View
  • Maps
Last Updated: 20th April 2024

Description

The property is located with access from Pennyfine Road and is situated to the east of the A6076, as shown identified by a red circle on the location plan included within these particulars.

This is a rare opportunity to purchase a working livery which offers a site extending to approximately 34 acres in total. The land is rectangular in shape and is situated between two access roads, undulating to the north toward Sunniside. There is currently a block of 18 stables with general purpose storage barn and additional hay storage. The land is divided into a number of manageable paddocks, allowing for rotational grazing and seasonal grass cutting. There is an exercise arena adjoining the buildings and hard standing, providing limited parking. The property fringes Sunniside and the wider Gateshead conurbation.

Access: The property benefits from direct road frontage to Pennyfine Road which forms the west boundary. Further access is available to the west of the A6076. The sale plan included within these particulars, with boundaries edged red, shows roads forming the east and west boundaries.

ACREAGES The gross acreages have been assessed in accordance with Ordnance Survey data. Any interested parties should satisfy themselves in this regard.

BOUNDARY LIABILITIES Boundary liabilities, where known, are shown by means of inward facing “T” marks on the sale plan included within these particulars.

PLANNING The property is not subject to any Option Agreements that might be considered for future development potential, given its position on the Sunniside Urban Fringe with excellent access from the A6076 and A692 into Gateshead and Newcastle upon Tyne. The land is not currently designated.

DEVELOPMENT OVERAGE (CLAWBACK) CLAUSE

EASEMENTS & WAYLEAVES The property is sold subject to and with the benefit of all existing rights of way, water, drainage, water courses, light and other easements, quasi or reputed easements and rights of adjoining owners (if any) affecting the same and all matters registerable by any competent authority pursuant to statute.

PUBLIC RIGHTS OF WAY There are marked Public Rights of Way over the property.

SPORTING RIGHTS The Sporting Rights are in hand and are included within the freehold interest so far as they exist or are capable of being utilised.

MINERAL RIGHTS Mineral Rights are reserved to a third party and are therefore not included in the sale.

BASIC PAYMENT SCHEME Basic Payment Scheme entitlements are not included in the sale.

ENVIRONMENTAL SCHEMES The farm is not part of any Environmental Schemes.

COSTS Each party to bear their own costs.

LOCAL AUTHORITY Gateshead Council.

VIEWINGS: Interested parties are to register interest with Urban BASE Land & New Homes on to arrange for an onsite viewing appointment. All viewing are to be accompanied.

Agent Details
Urban Base Executive
61 Saddler Street Durham DH1 3NU

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

£120,000
Newcastle Upon Tyne, NE16
Semi Detached
6.5
£130,000
Newcastle Upon Tyne, NE16
Terraced
6.1
£129,995
Newcastle Upon Tyne, NE16
Semi Detached
6
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested