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Land for sale

High Bickington, UMBERLEIGH


Property Description

Full description

Tenure: Freehold

Phase two of this development is a unique opportunity for an investor/ builder to capitalise on planning permissions that are available here. Phase two provides an income from the current occupants and from future owners. There is also the benefit of building plots to be sold or developed. There are a total of 22 plots of which 13 are already built. The remaining plots are available for sale or redevelopment.

There is a central swimming pool area that could be greatly improved and enhance the site.

The estate is just off and above the A377, with the village of Umberleigh and High Bickington being five and two miles away. Barnstaple Town is situated twelve miles away and offers shops, banks, supermarkets and leisure facilities. The railway station of Portsmouth Arms is close by with The Portsmouth Arms Hotel and Northcote Manor nearby.

Property ref: 121_1029_4233741

The Investment 
The current owner benefits from a guaranteed income from the ground rent and service charge, utility charge, and miscellaneous income. There are 7 plots to be built; each plot we are of the opinion could be sold in the region of £60,000 pre plot or £125,000 if built. Number 48 has recently been built which shows the quality of apartments available here. The houses are built with the benefit of 999 year lease. The lodges are 12 months holiday occupancy. Number 45 is under construction.

Business Rates 
There are no business rates to pay. The lodges when built are band A.

Houses are on 999 year leases

Agents Note 
Application planning for lodges for Torridge planning 1/1245/2006/Full

There is an additional option to purchase a large separate plot for planning for a house with residential consent. Please enquire for more details.

More information from this agent

Listing History

Added on Rightmove:
06 September 2016


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