The site, which was the most popular amongst the rumours which have been going around for three years, has been bought by Chairman Graham Wood and will provide Gateshead with a home of their own.
Gateshead have been renting The International Stadium but have been looking to built their own ground since Wood took over.
The 9,000 capacity stadium will have a 2,000 capacity seated stand with the three remaining stands as covered terracing which can become all seater should the need arise.
More details, plus pictures can be found here: http://www.gateshead-fc.com/news2.php?i=2475