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Land At Bill Quay, Fairfield Industrial Park, Bill Quay, Gateshead, Tyne And Wear, NE10 0UR
Guide Price* : £2,000,000 plus
DEVELOPMENT LAND
- Substantial Freehold Former Industrial Estate
- Prominent Riverside Site Fronting the River Tyne
- Approximately 7.03 Hectares (17.37 Acres)
- Redevelopment Potential (STP)
Description
The site comprises a substantial former industrial estate extending to approximately 7.02 hectares (17.37 acres). The property includes 25 buildings of varying sizes and construction types together with extensive areas of open yard space, predominantly surfaced in hardcore and tarmac. The site is arranged over split levels, falling from the eastern boundary before levelling across the central and western areas.
The site benefits from a secure, high walled southern boundary, whilst the northern boundary fronts the River Tyne, providing views across the river towards Bill Point. The surrounding area includes extensive woodland and green space with established footpaths. Access to the site is currently provided via a single roadway located on the eastern boundary.
Location
The site is situated within Fairfield Industrial Estate, Bill Quay, an established commercial and industrial location approximately 3 miles south east of Gateshead town centre and 5 miles east of Newcastle upon Tyne.
The site benefits from good road connectivity via the A184 Felling Bypass and the A194(M), providing access to the wider Tyne and Wear conurbation and the national motorway network.
The surrounding area comprises a mix of industrial, trade counter, storage and distribution occupiers, together with residential development and riverside commercial uses along the nearby River Tyne.
Tenure
The site is held Freehold under multiple Title numbers, further information is provided in the Legal Pack.
Planning
- Saved Policies Gateshead UDP (adopted 1998, saved 2010) Policy MU22 – Fairfield Industrial Park, Bill Quay is allocated for mixed-use development, including retail, business, industrial and residential uses.
- Core Strategy and Urban Core Plan for Gateshead and Newcastle 2010-2030 (adopted March 2015) Policy CS3 Spatial Strategy for Neighbourhood Area (1) identifies the site within a Neighbourhood Area where sustainable communities will be promoted and maintained through housing and employment growth.
- The site lies within a Wildlife Corridor (Policy MSGP37).
- The site forms part of the Tyne Corridor Strategic Green Infrastructure network (Policy CS32).
- The site is located within the Walker Riverside/Felling Shore Opportunity Area and the River Tyne Estuary Opportunity Area (Policy MSGP32).
- The site lies within an Aircraft Safety Area, with restrictions applying to buildings, structures and works exceeding 90 metres in height (Policy MSGP2).
- The site is located within a Mineral Safeguarding Area (Policy CS20).
A previous Strategic Pre Application submission (ref. 25/0174/SDE) confirms positive early engagement from Gateshead Council regarding residential redevelopment potential, and earlier visioning work identifies capacity for around 170 units across a mix of townhouses and apartments together with opportunities for high quality placemaking, improved connectivity, and incorporation of the site’s industrial heritage into the development framework.
While constraints including Flood Zones 2 and 3, existing utilities infrastructure, topographical variation and potential abnormal costs will require consideration, the site remains an attractive regeneration opportunity with clear developer appeal. Parties are encouraged to make their own planning enquiries with the relevant authorities.
Planning Authority
Gateshead Metropolitan Borough Council - www.gateshead.gov.uk
Bidder Registration
In order to bid you will be required to provide proof of identification, proof of address and source of funds before being authorised to bid.
We will also take a hold on funds from your bank card of £5,000 before you can bid.
Please see our Online Bidding and Registration Guide for further information, but note that as soon as you enter your debit or credit card, the hold on funds will be taken and this amount on your card will be "reserved" for this potential transaction and the amount will be deducted from the balance of your bank account.
Registration for bidding will close at 2pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
Refer to the legal documentation
Energy Performance Certificate
No EPC required
Contact
Joint auctioneers
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
** If you take up this service, Dynamo may pay a referral payment of up to 20% of the procuration fee received by Dynamo from the relevant lender on completion of the mortgage to us. This is not paid by you and has no impact on the service provided. Dynamo is a trading name of Dynamo Mortgages Limited, which is part of the same group of companies as Lambert Smith Hampton, owned by Connells Limited.
If you take up this service you will agree your own separate contract with Dynamo, and Lambert Smith Hampton is not responsible for the accuracy, quality or suitability of any advice, recommendations or services provided to you.
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