Location: Teesside, Middlesbrough
Report: DevAssess Premium Commercial
Property/Site: Industrial

The Risk

High Risk of Development

This report was requested by a buyer examining the development potential of an industrial site on the River Tees and the development planned in the local area.

Commercial Development Teesside

Our findings

We concluded that the risk of development being undertaken within 75m of the boundaries of this site can be considered HIGH.

We also identified that the site is within a designated employment area. This means that any development that would reduce employment space is likely to be rejected, and therefore, the site can only be considered to have commercial prospects, not residential.

FINDINGS RISK
Are there major planning applications that will impact the subject property?
Are any important views that the subject property enjoys going to change?
Is the immediate area currently under threat from major development?
Does the subject property have any development potential?
Is there any identified development risk that may negatively affect a valuation on the subject property?

PLANNED AND CURRENT DEVELOPMENT CHANGES COMMONLY EXPOSED WITH DEVASSIST REPORTS

  • Greenbelt, farmland and community parkland development
  • Change of use developments

  • Road and access development affecting traffic volume, noise and long periods of roadworks

  • Extensions on abutting properties that will impact light to the subject property or will overlook the subject property.

Planned and current development changes