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Land for sale

Former Riviera Lodge, Mawgan Porth, Newquay, Cornwall, TR8

Removed 0.48 ha. | £950,000

Property Description

Commercial information

  • 1.2 acres (0.48 hectares)

Full description

Tenure: Freehold

For sale by way of an Informal Tender. Tenders to be received by no later than 5pm on Tuesday 7th July 2015.

Development site with planning permission for 7 holiday homes and 1 residential house

Sea views

Elevated position

Very popular location on north Cornwall coast

Location

Mawgan Porth is a popular seaside village situated on the north coast of Cornwall on the B3276 Padstow - Newquay road approximately 6 miles north of Newquay and 8 miles south west of Padstow. It is a highly regarded coastal location heavily orientated to the tourist trade and also provides a range of local amenities including a convenience store, gift shop, cafes and other amenities.

The site is situated in an elevated position in Mawgan Porth overlooking the village and its extensive sandy beach.

Newquay Airport is just 2 miles distant and offers year round links to London Gatwick and Manchester as well as a much wider range of summer routes.

Accommodation

All areas are approximate and measured in accordance with the RICS Code of Measuring Practice on a gross internal basis.

Basement laundry and stores: 15.6 sq m (168 sq ft)

Ground floor bars, ancillary and residential accommodation: 230.2 sq m (2,478 sq ft)

First floor living accommodation: 173.6 sq m (1,869 sq ft)

Total: 419.4 sq m (4,515 sq ft)

The area occupied by the building and former car park is relatively level (sloping gently to the north) while the remainder of the site slopes steeply towards the north east and is largely overgrown.

Planning

The property was most recently used as a pub but has now been closed for a number of years.

Conditional planning consent was granted under reference PA12/02093 dated 10 July 2013 for the demolition of existing business premises to be replaced by seven holiday units and one residential unit with associated works. We have had sight of the decision notice and supporting documentation including Section 106 Agreement on Cornwall Council's website and can provide copies upon request.

The Section 106 Agreement dated 5 July 2013 states that no more than 4 of the dwellings may be occupied prior to the payment of an off-site Public Open Space Contribution. The contribution amounts to £21,476, comprising £3,068 per dwelling and is index linked.

Rent / Price

Offers are invited in the region of £950,000.

Terms

Available for sale by way of an informal tender. Tenders to be received by 5pm on Tuesday the 7th July 2015. Further information is available upon application to the joint agents.

Rateable Value

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current rateable value is £5,900 effective from 1st April 2010 billing authority reference 26133145547000.

Services

Interested parties are advised to make their own enquiries regarding the position and availability of mains services.

EPC

We understand that as this property is expected to be redeveloped no Energy Performance Certificate has been commissioned.

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.

More information from this agent

Map & Street View

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