Log Cabin for saleParc Pelenna Holiday Village
Withdrawn from Market
- A Unique investment opportunity
- Breath taking views
- Three different purchase options
Parc Pelenna Holiday Village, Vale of Neath, SA11 3QEA unique investment opportunity offered in three different purchase options.
Parc Pelenna is in excess of 108 acres in total and is elevated at around 250 metres with some of the finest breath taking views of the Vale of Neath, the Brecon Beacons, the Black Mountains and Swansea Bay. The land within title numbers WA306433 and WA369875.
Purchase Option 1:
The freehold of the Estate (Title numbers WA306433 & WA369875, outlined in red on Plan 1) is offered along with 50% of the claw back payments for the minimum of 70 lodges that are expected to be built on title number WA369875. The 2015 Development Agreement (available upon request) allows for a 17.5% plot payment on a minimum of 70 lodges (we understand that each plot is estimated to be worth in excess of £40k). The purchaser would benefit from half of each of the claw back payments.Option 1 Guide Price - Offers in excess of £1,400,000
Purchase Option 2:
The freehold of the Estate (WA306433 & WA369875) enjoying all of the benefits of the 2015 Development Agreement (available upon request). The purchaser would benefit from 100% of the clawback payments on a minimum of 70 lodges that are expected to be built on title number WA369875.Option 2 Guide PriceOffers in excess of £2,000,000
Purchase Option 3:
The freehold of the whole of Parc Pelenna Village (title numbers WA306433, WA369875, CYM248127, outlined in red and blue on Plan 1) in a negotiated and outright settlement with the developer, Parc Pelenna Village Ltd. This would give the purchaser total control over future development and the planning permission that has been so far granted. This option provides a blank canvas for the purchaser to build and develop the holiday park themselves.
Option 3 Guide Price - Price on application
The Development agreement for the Holiday Village is available upon request from the Herbert R. Thomas Ltd. Cowbridge Office
Current Road Access
The current access routes to Parc Pelenna Estate are highlighted in Brown on Plan 1. Parc Pelenna Estate benefits from a right of way over these private farm tracks for all purposes.
New Road Access
As a stipulation of the development agreement ‘Parc Pelenna Village Ltd’ are obliged to build a road to Parc Pelenna Holiday Village providing a more direct access to the main road from the property. It is understood that this will be a scenic drive with features such as waterfalls and views of the Vale of Neath below. The new access road is shown on the 'Phase 2 PFA Plan'.
1984 The estate was purchased. 1987 Planning consent for 11 holiday lodges was granted. The consent was substantially implemented and we understand that this continues to be valid. It includes approximately 5 acres of land. 2005 Planning consent was grantede],[Position] FROM [Bedroom$]
Wayleaves/Easements/Rights of Way
The property is sold subject to and with the benefit of all rights wayleaves, water, lights, drainage and other easements, covenants, restrict of orders, ETC, as may exist for the benefit of the same, whether mentioned in these particulars or not.
There is a high pressure gas pipe running the full length of the southern boundary of the property, which has the benefit of an easement deed dated 1975. Please note that this pipeline is subject to a compensation claim which is reserved out of the sale.
Whilst the new purchaser of Parc Pelenna will benefit from a development clawback placed on the further proposed 70 log cabins to be located on title number WA369875. It is also expected that further planning permissions will be granted for more log cabins in the future.
The local planning authority has identified this site of strategic importance in terms of tourism in Neath.
The current owners are also in discussion with the Welsh Assembly Government (Business Wales) to incorporate an extensive block of land adjacent to Parc Pelenna Village. The new access road will open up a 'resort' type addition to the current plans potentially taking this property to a "Centre Parks" level of investment.
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