Bungalow for sale

Parc Pelenna Holiday Village

Guide Price £1,400,000

Property Description

Key features

  • A Unique investment opportunity
  • Breath taking views
  • Three different purchase options

Full description

Parc Pelenna Holiday Village, Vale of Neath, SA11 3QE A unique investment opportunity offered in three different purchase options.Please call Herbert R Thomas for copies of Planning.

Situation
Parc Pelenna Estate is situated approximately 1.5 miles to the East of Neath town centre and around 4 miles to the East of Junction 43 of the M4 motorway. A new access road serving the estate (for which planning permission has been granted) will be easily accessible from the A465, Heads of the Valley Trunk Road (approximately 1 mile). Neath is situated approximately 38 miles North West of Cardiff and around 10 miles East of Swansea. The site is within cycling distance of Swansea SA1, the new University and the Swansea Bay Tidal Lagoon. It is a short drive from the popular tourist areas of the Mumbles, the Gower and Brecon Beacons National Park. Please see the location plan enclosed for further details.

Directions
For Sat Nav Users: SA11 3QETake junction 43 of the M4 and continue onto the A465. Leave the A465 signposted 'Seven Sisters/Tonna'. Follow the Tonna signs into Tonna. After passing the river bridge, at the mini roundabout, turn right as if heading back towards Neath, out through Tonna and past AJ Garage on the right hand side of the road, then take the next left hand turn onto Fairyland Road. Follow the road all the way up to the top, continue over the cattle grid and travel straight towards the woods in the distance. You will come to another cattle grid into Parc Pelenna Estate. Continue along the track and turn left at the fork, past the holiday lodge on your right and into the yard of the bungalow.

The Property
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 WA36e],[Position] FROM [Bedroom$]

Current Access Road
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 Access Road
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'.

Planning History and Overview
1984 The estate was purchased. 1987Planning 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. 2005Planning 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.

Opportunity
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.

Services
Water Private well and borehole. We understand that mains water will be installed in 2016, following the new road build by the developers. Electric Mains electric is provided to the existing buildings. DrainageThe buildings benefit from septic tank drainage. It is planned that the whole of the site will eventually benefit from a Klargester communal station at the north corner of the Estate complete with reed beds and feature ponds. Heating The bungalow benefits from a Worcester Bosch green energy oil fired central heating.

Plan
The plans attached are for identification purposes only and, whilst every care has been taken, their contents cannot be guaranteed.

Health and Safety
Given the potential hazards of rural property, we ask you to be as vigilant as possible when making your inspection for your own personal safety.

Purchase Options
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 PriceOffers in excess of £1,400,000Purchase 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 £2,000,000Purchase 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 PricePrice on application

Development Clawback
The Development agreement for the Holiday Village is available upon request from the Herbert R. Thomas Ltd. Cowbridge Office.

Method of Sale
The property is offered for sale by private treaty.

Viewing Arrangements
Interested parties must contact the Seller's Agents to arrange an inspection of the property. Viewings are strictly by appointment only. For further information, please contact:-Alice PrichardHerbert R. Thomas Ltd, 59 High Street, Cowbridge,Vale of Glamorgan, CF71 7YLTel: 01446 776379e-mail: aliceprichard@hrt.uk.com


More information from this agent

Listing History

Added on Rightmove:
25 January 2016

Nearest stations

  • Neath (1.5 mi)
  • Briton Ferry (2.9 mi)
  • Skewen (3.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Herbert R Thomas, Cowbridge

59 High Street, Cowbridge, CF71 7YL

01446 377029 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Neath (1.5 mi)
  • Briton Ferry (2.9 mi)
  • Skewen (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Herbert R Thomas, Cowbridge

59 High Street, Cowbridge, CF71 7YL

01446 377029 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6131791. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Herbert R Thomas, Cowbridge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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