PRIME NEW LISTING! We are excited to present this excellent 89,000 square foot plot of land, located within a prime location in Newtongrange
*PRIME DEVELOPMENT OPPORTUNITY* Planning reference numbers:PLAN REF:16/00207/DPP, 16/00809/DPP Planning:16/00207/DPP - This planning permission was previously approved for the development of 12 terraced properties consisting of 8 (2 and a half storey houses - 4 bed) and 4 (2 storey houses - 2 bed). Estimated range of gross development value (GDV) for terraced property depending on spec (£300,000 to £400,000) meaning a total range for GDV of £3,600,000 to £4,800,000.
Planning:16/00809/DPP - This planning permission was previously approved for the development of 5 terrace houses (2 and a half storey houses - 4 beds) and 11 (10 x 2 Bed & 1 x 3 beds). Estimated range of gross development value (GDV) for terraced property depending on spec (£300,000 to £400,000) and the estimated range of gross development value (GDV) for each flat depending on spec would be (£175,000 to £200,000) meaning a total range for GDV of £3,425,000 to £4,200,000.
Planning permission application 16/00207/DPP was initially sought but rejected. Application 16/00809/DPP was then applied for and granted. Following this an appeal was made for application 16/00207/DPP which was approved. Both sets of planning permission have expired so the new owner of the land looking to develop would need to apply for the planning to be renewed.
Location
Dalkeith is a historic town in Midlothian, Scotland, located about eight miles southeast of Edinburgh. Once known as the "Capital of Midlothian," this former royal burgh has a rich heritage dating back to the 12th century, with Dalkeith Palace serving as a former seat of the Dukes of Buccleuch and once hosting royalty including Bonnie Prince Charlie.
The town sits at the confluence of the North and South Esk rivers and has evolved from its agricultural and mining roots into a thriving residential community that serves as an important hub for the surrounding area.
Modern Dalkeith offers excellent transport links to Edinburgh via the A7 and the Borders Railway, making it an attractive location for commuters while maintaining its distinctive Scottish character through its historic High Street, local festivals, and the expansive Dalkeith Country Park, which surrounds the palace and provides extensive woodland walks and recreational facilities for residents and visitors alike.
Accommodation
Size - 89,000 sq ft
Terms
Guide Price - £425,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- PRIME NEW LISTING! We are excited to present this excellent 89,000 square foot plot of land, located within a prime location in Newtongrange
- 11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ sold for £477,995. 11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ, sold for £429,995
- Sure to appeal to investors looking for an excellent development opportunity. Plot comes with 2 options of expired planning permission
- Fantastic residential sales evidence in the area. Excellently priced plot. Impressive size of 0.83 acres based on guide
- Plot is situated in a sought after area for the development of residential property, with access to great local amenities and schools in the local area *PRIME LOCATION*