Balgownie, Newtown St. Boswells, Melrose

UNDER OFFER AT CLOSING DATE

2.23 ACRE SITE WITH PLANNING PERMISSION TO DEMOLISH THE EXISTING BUILDING AND BUILD 13 FAMILY HOMES.

The site lies at the southern edge of the town and opposite the popular Hawkslee Park Development.

Newtown St Boswells is a small village lying just off the main A68 trunk road, which provides easy access to both Edinburgh and Newcastle. The central location also makes most towns and villages in the region easily accessible. Scottish Borders Council is only a few minutes' walk away and the Borders General Hospital is approximately 3 miles distant.

Newtown St. Boswells has a small supermarket, medical centre and a good number of independent retailers including Milestone Garden Centre which lies immediately to the south of the site. Further services can be found in Melrose and Galashiels which is the principal town in the Scottish Borders. Tweedbank station is approximately 6 miles to the northwest and provides regular services to Edinburgh Waverley in approximately 55 minutes. There is a primary school in Newtown St Boswells with secondary schooling at Earlston High School approximately 5 miles to the north.

SITE INFORMATION:
The site forms part of an existing dwelling known as Balgownie and includes large mature garden ground and a paddock totalling 2.23 acres (0.90 Hectares). The site is irregular in shape and consisting of Balgownie House and a mature garden at the northern end of the site and a paddock at the southern end. The site slopes down from north to south. The site is currently accessed from the B6398. The site benefits from extensive views over the countryside to the south.

SERVICES
The property is served by mains electricity, mains water and mains drainage.

PLANNING:
Planning Permission In Principle has been granted subject to the signing of a Section 75 in relation to developer contributions. The planning reference for the Scottish Border planning portal is 20/01070/PPP.

TECHNICAL INFORMATION
A technical pack is available to interested parties on request.

BIDDING PROCESS
The heritable Interest (freehold) is offered for sale as a whole with vacant possession.

Parties should register their interest in order to be kept advised of any Closing date being set. Please note that agents acting on behalf of potential bidders must advise Ballantynes for whom they are acting.

Bidders should note the following information will be required

* Bidding Parties Name
* Headline price and method of payment
* Development layout - identifying potential numbers, layouts and proposed house/flat types.
* Details of proposed scheme including development coverage
* Clawback and overage provisions
* Conditions of purchase
* Timetable of purchase
* Evidence of Board approval
* Legal representative details.

Bids should be received on or before the closing date and two complete copies should be submitted in Scottish Legal form to Ballantynes, 30 Stafford Street, Edinburgh, EH3 7BD.

The owner reserves the right to sell the property without any reference to any other party.

Interviews may be held after the closing date. The client shall not be bound to accept the highest or indeed any offer.

Tenure: Freehold