Newcastle upon Tyne is the regional capital of the North East of England with approximately 1.6 million people living within 45 minutes if the city. The city benefits from access to the main train station with intercity connections throughout the country, and excellent road communications with the A1 (M) and A194 (M) providing direct access to Leeds, Edinburgh and London.
We are delighted to offer an outstanding opportunity to develop 14 houses within the grounds of Newcastle Racecourse on a site extending to approximately four acres. The small gated community will be elite development of semi-detached properties which shall prove to be one of the most sought after and desirable locations. Situated on the outskirts of Gosforth it will provide an exceptional access throughout the region with A1M only 0.3 mile away.
The Development Opportunity
This development will be situated across two walled gardens of which, one is currently barren and the other houses the Aquatic Centre. The northern walled garden proposes to contain eight, four bedroom semi- detached properties that have been designed to a contemporary finish, incorporating large south facing windows maxamising capture of natural light. The southern walled garden proposes to contain a further six, five bedroom semi- detached properties. These properties intend to be finished to a contemporary style in order to compliment the surrounding vicinity. All properties within this new development are to have the benefit of integral garages and a driveway to minimise excessive parking.
Both styles of properties aim to provide luxury and given the prestigious location will prove popular due to the rareness of this opportunity in the North East of England.
The location of this site is second to none being situated in the grounds of Newcastle Racecourse in north Gosforth. Gosforth is one of Newcastle’s most affluent suburbs, situated just 3 miles north of the city centre accessed via the Great North Road to the south, A167 to the west and A1058 to the east. At the heart of Gosforth lays its high street, which provides an abundance of amenities including a shopping centre, niche retail shops and a variety of national and local restaurants and public houses.
Our clients The Arena Racing Company require access through the road in the centre of the site and it is therefore proposed to offer for sale the Long Leasehold interest in the site as per the attached plans. The ground rent shall be one peppercorn.
Full planning and Section 106 have been agreed and obtained our client is therefore seeking unconditional offers for this outstanding opportunity.
James Platts – Knight Frank
Neil Hart – Bradley Hall Chartered Surveyors