A plot of land at a former hotel in County Durham with planning permission for nine "executive" homes is up for sale.
The site, at Fir Tree, Tow Law, near Bishop Auckland, which spans approximately 1.882 acres, is listed for £950,000.
The land offers clear views over Wear Valley and is available for immediate development, according to the estate agent who is marketing it.
This site was formerly the Helme Park Hall Hotel - which has previously gone up for sale in its own right and has been the subject of demolition for years.
The planning permission, which has already been granted, allows for the construction of nine new homes with a total floor space of 2,321 sqm.
The potential gross development value (GDV) is estimated to be between £4.6m and £5.4m.
The land is just over 1.5 miles from Tow Law, known for its attractive stone terrace houses.
The key features according to the estate agent:
- Full Planning Permission for 9 Executive Homes
- Available for Immediate Development
- Stunning Countryside Location
- Luxury Development Opportunity
- New Homes Site
- Clear views over Wear Valley
The town also boasts a co-operative supermarket, a doctor's surgery, a vet, several bakeries and cafes, and the Newmarket country pub.
Tow Law is situated just over 10 miles to the south of Consett, five miles to the north west of Crook, and seven miles north west of Bishop Auckland.
The site measures approximately 1.882 acres (7616.18sqm) with a perimeter of roughly 395.48m.
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The land is freehold, with the title number DU241679.
The estate agent, Keith Pattinson, advises that detailed plans and all reports are available to qualified purchasers.
Interested parties are advised to contact the estate agent directly for further information or to arrange a viewing.
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