Land For Sale £1,750,000
OPPORTUNITY
Bradley Hall is delighted to bring to the market this exceptional mixed use development site.
7-45 Lime Street presents a unique opportunity to bring forward a flagship edge of centre residential community. The proposal is for the demolition of the existing buildings and the
construction of a mixed-use scheme comprising 57no. residential apartments, 3no. commercial units, 10no. car parking spaces and ancillary accommodation.
Clearance of the 7-45 Lime Street site and its redevelopment represents a significant change at a key location within the Lower Ouseburn Valley.
HISTORY
Ouseburn Valley, commonly referred to as Ouseburn, is among the most popular regions in Newcastle upon Tyne. Located slightly over a mile to the east of Newcastle City Centre, this valley takes its name from the Ouseburn River, which merges into the River Tyne. The natural characteristics of the Ouseburn's banks were highly conducive to the establishment of various industries, including glassmaking, potteries, tanneries, and mills during the 1900s.
In the 1990s and the early 2000s, these industries played a pivotal role in rejuvenating the Ouseburn. Presently, the valley features a blend of art galleries and studios, along with visitor attractions like Seven Stories, The Victoria Tunnel, and The Ouseburn Farm.
Previously disused industrial structures have been transformed into restaurants, microbreweries, gyms, live music venues, and design offices. Additionally, housing has made a comeback in the valley through the development of The Malings, Lower Steenbergs Yard, and the former Quay Timber site, while the local pubs remain as vibrant as ever.
DESCRIPTION
The existing structures on the site consist of either one or three-story industrial buildings, all facing Lime Street. These buildings have most recently been utilized for storage and distribution by Wylam Brewery.
To the north, the site's boundary is marked by a set of stone public steps that ascend the valley side, connecting to the St Ann's area to the west of the site. Beyond these steps lies the cleared former canvas works site and then the prominent Steenberg's warehouse buildings, which dominate the northern section of the street.
The proposed development is primarily residential and includes a mix of over 50 apartments with various sizes and unit types ranging from one to three bedrooms. The ground floor of the site will feature a commercial or hospitality space, with a focus on creating a lively and active atmosphere along Lime Street.
The robust north-to-south alignment offers advantages in terms of solar positioning and panoramic perspectives, including views across the Ouseburn. The site's orientation and landscape characteristics guide the development's focus on optimizing both internal and external views.
Lime Street functions as a primary route for both vehicular and pedestrian traffic within the Ouseburn, establishing a link between Shieldfield, the city's northern suburbs, and City Road which is a major east-west thoroughfare running parallel to the River Tyne.
PLANNING
Our client has submitted a detailed application for the erection of a residential development consisting of 57 units at Lime Street. The development will consist of commercial uses on the ground floor and the first floor within 4 separate units ranging in size from 30m2 to 201m2, and residential uses above comprising 9 x 1 bed units, 40 x 2 bed units, 3 x 2 bed duplex units and 5 x 3 bed units. 10 parking spaces will be provided within the ground floor car park which will all have EV charging points. We are advised that planning is to be recommended for approval in the December committee.
Please click here for a direct link to the planning application –
The S106 is still being drafted, but we anticipate the following costs:
• Allotments/Play £65,572
• SUDS £10,000
• BNG Public Realm £16,194
TERMS
The site is sold freehold with vacant possession.
The freehold of the property is available with a guide price of £1,750,000 (One Million Seven Hundred and Fifty Thousand Pounds).
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
Bradley Hall is delighted to bring to the market this exceptional mixed use development site.
7-45 Lime Street presents a unique opportunity to bring forward a flagship edge of centre residential community. The proposal is for the demolition of the existing buildings and the
construction of a mixed-use scheme comprising 57no. residential apartments, 3no. commercial units, 10no. car parking spaces and ancillary accommodation.
Clearance of the 7-45 Lime Street site and its redevelopment represents a significant change at a key location within the Lower Ouseburn Valley.
HISTORY
Ouseburn Valley, commonly referred to as Ouseburn, is among the most popular regions in Newcastle upon Tyne. Located slightly over a mile to the east of Newcastle City Centre, this valley takes its name from the Ouseburn River, which merges into the River Tyne. The natural characteristics of the Ouseburn's banks were highly conducive to the establishment of various industries, including glassmaking, potteries, tanneries, and mills during the 1900s.
In the 1990s and the early 2000s, these industries played a pivotal role in rejuvenating the Ouseburn. Presently, the valley features a blend of art galleries and studios, along with visitor attractions like Seven Stories, The Victoria Tunnel, and The Ouseburn Farm.
Previously disused industrial structures have been transformed into restaurants, microbreweries, gyms, live music venues, and design offices. Additionally, housing has made a comeback in the valley through the development of The Malings, Lower Steenbergs Yard, and the former Quay Timber site, while the local pubs remain as vibrant as ever.
DESCRIPTION
The existing structures on the site consist of either one or three-story industrial buildings, all facing Lime Street. These buildings have most recently been utilized for storage and distribution by Wylam Brewery.
To the north, the site's boundary is marked by a set of stone public steps that ascend the valley side, connecting to the St Ann's area to the west of the site. Beyond these steps lies the cleared former canvas works site and then the prominent Steenberg's warehouse buildings, which dominate the northern section of the street.
The proposed development is primarily residential and includes a mix of over 50 apartments with various sizes and unit types ranging from one to three bedrooms. The ground floor of the site will feature a commercial or hospitality space, with a focus on creating a lively and active atmosphere along Lime Street.
The robust north-to-south alignment offers advantages in terms of solar positioning and panoramic perspectives, including views across the Ouseburn. The site's orientation and landscape characteristics guide the development's focus on optimizing both internal and external views.
Lime Street functions as a primary route for both vehicular and pedestrian traffic within the Ouseburn, establishing a link between Shieldfield, the city's northern suburbs, and City Road which is a major east-west thoroughfare running parallel to the River Tyne.
PLANNING
Our client has submitted a detailed application for the erection of a residential development consisting of 57 units at Lime Street. The development will consist of commercial uses on the ground floor and the first floor within 4 separate units ranging in size from 30m2 to 201m2, and residential uses above comprising 9 x 1 bed units, 40 x 2 bed units, 3 x 2 bed duplex units and 5 x 3 bed units. 10 parking spaces will be provided within the ground floor car park which will all have EV charging points. We are advised that planning is to be recommended for approval in the December committee.
Please click here for a direct link to the planning application –
The S106 is still being drafted, but we anticipate the following costs:
• Allotments/Play £65,572
• SUDS £10,000
• BNG Public Realm £16,194
TERMS
The site is sold freehold with vacant possession.
The freehold of the property is available with a guide price of £1,750,000 (One Million Seven Hundred and Fifty Thousand Pounds).
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
