Plot of land with planning

If you’re looking for a new build development site with planning approved and attractive GDV then this auction listing could be the perfect opportunity for you. Set within the attractive Midlothian village of Lasswade, the plot has planning approved (Midlothian Reference 20/00527/DPP) for the construction of five contemporary townhouses, each with four bedrooms, spacious accommodation and off street parking. Some initial works have been undertaken with excavation, sheet piling and strip foundations completed. Historic off-plan listing for completed units suggested a unit price of £475,000 which would equate to an estimated GDV in the region of £2.4 million. The attractive guide price offers strong potential profit which is sure to attract significant levels of demand. Early expression of interest is essential.

Tenure

Freehold

Area

The village of Lasswade offers an attractive semi-rural location in the Esk Valley, and is surrounded by small towns such as Bonnyrigg, Loanhead and Dalkeith. Local amenities are close by, with a wider range of leisure and retail options available in the nearby towns. The Straiton Retail Park is nearby, with Edinburgh city centre around six miles to the north. Both primary and secondary schooling are within the village, and Edinburgh offers several private schools for all ages. Outdoor enthusiasts have ample choice on the doorstep, with activities such as country walks, golf, horse riding and even a dry ski slope in the surrounding area. Public transport services by road and rail are excellent, and the Edinburgh city bypass is only 1.5 miles away.

Local Authority

Midlothian Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.