Residential Development for sale

Yealm Road, Newton Ferrers, Plymouth, PL8

Sold STC £1,500,000

Property Description

Key features

  • Closing date for offers 23/09/16 by 12 noon
  • Prime waterside property
  • Stunning south facing views
  • Includes original hotel building &
  • apartment block
  • About 2.04 acres including woodland
  • Part of foreshore
  • 2 x leasehold interests in part of fundus

Full description

Tenure: Freehold

Development opportunity - rare opportunity to acquire a landmark property with conversion / redevelopment potential

Location

NEWTON FERRERS
Newton Ferrers is a popular waterside village located on the banks of the River Yealm estuary, opposite Noss Mayo. The village lies within the South Devon Area of Outstanding Natural Beauty and is a highly regarded yachting centre, with deep water moorings both close to the village and in the quiet upper reaches of the estuary. The village has a primary school and there are a number of clubs, societies and special interest groups. Amenities include several shops, a pub, cafe/restaurant and the Yealm Yacht Club. The area is a popular destination for day visitors and holiday makers.

The River Yealm is a Site of Special Scientific Interest (SSSI) and a European Special Area of Conservation, and lies within the South Devon Heritage Coast.

LOCATION AND SITUATION
The former River Yealm Hotel is located approximately ¾ mile west of the village centre and 4 miles south west of the A379, which provides access to Plymouth and its comprehensive range of amenities. The A38 is approximately 7 miles to the north, providing access to Torbay to the east and Exeter to the north east. Exeter International Airport is approximately 45 miles from the site and provides scheduled and chartered flights to a range of national and international destinations.

The Property commands an elevated position overlooking "the Pool", which is the natural harbour of the twin villages of Newton Ferrers and Noss Mayo. The topography of the site provides a stunning south facing aspect with wide ranging views across the River Yealm and Newton Creek.

A public footpath runs parallel to the northern boundary of the site from Lower Court Road to Yealm Road. Part of the site benefits from direct frontage on to Lower Court Road to the north, which is a private road. A seasonal ferry operates from the pontoon providing access to Warren Point and Passage Woods on the South West Coast Path.

Description

THE PROPERTY
The Property is identified on the site plan edged red and extends to approximately 2.04 acres (0.82 hectares). It includes the original hotel building, built in 1898, together with an adjacent detached accommodation block, providing four 2-bed 'harbourside apartments'.

The buildings are set within extensive grounds to the west and north, a significant part of which is woodland. The Property also comprises part of the foreshore on the southern side of Yealm Road, together with two leasehold interests in part of the fundus where the old jetty was situated.

The hotel ceased trading in 2011 and the buildings on site are not currently occupied. Vehicular access is via a driveway off Yealm Road to the east of the Property. The Property benefits from a right of way at all times and for all purposes over third party land which is identified, for indicative purposes only, tinted yellow on the site plan.

TENURE AND TITLE
The majority of the Property forms part of registered title DN662096 (Freehold interest - title absolute). The strip of fundus on the foreshore, tinted purple on the site plan, is held under two leases and is registered under title numbers DN668468 and DN536901.

Copies of the register and plan for all of the registered titles are provided in the Technical Pack.

LOTS
The Property is being offered in its entirety (Lot 3) or in two parts identified on the site plan as Lot 1 (tinted pink) and Lot 2 (tinted blue). Lot 1 includes the main hotel, the adjacent apartment building, the grounds to the rear and the foreshore element (including the two leasehold interests), extending to approximately 1.61 acres (0.65 hectares). Lot 2 comprises the land to the west of the hotel including the outbuildings, extending to approximately 0.43 acres (0.18 hectares). It is proposed that Lot 2 will have the benefit of rights granted from Lot 1 in respect of access.

PLANNING
The whole of Newton Ferrers and the surrounding area is within the South Devon AONB. It is worth noting, however, that the Property is located within the designated Development Boundary of the village, where development is acceptable in principle. The original hotel building is not listed and English Heritage's assessment of the Property in 2010, in response to a listing application, confirmed that it should not be listed.

The Property is not within a conservation area, nor is it subject to any Tree Preservation Orders.

The Seller's planning adviser, LSH, has consulted with the Local Planning Authority and various email correspondence will be included in the Technical Pack.

Interested parties are advised to make their own enquiries with the Local Planning Authority (contact details on next page).

SERVICES
The Property benefits from mains electricity and water. Mains gas is available in Yealm Road. Copies of the service infrastructure enquiry responses from Wales & West, Western Power Distribution and South West Water are provided in the Technical Pack.

METHOD OF SALE
The Property will be sold by private treaty, although the Seller reserves the right to set a closing date for offers at a subsequent date.

The Seller is inviting offers on an unconditional basis, which are not subject to securing planning permission. The Technical Pack will include a Submission of Offers document which will set out the basis for submitting offers and the information required from interested parties.


Acreage: 2.04 Acres

More information from this agent

Nearest station

  • Plymouth (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills, Exeter

The Forum, Barnfield Road, Exeter, EX1 1QR

01392 799077 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.

Floorplans


To view this property or request more details, contact:

Savills, Exeter

The Forum, Barnfield Road, Exeter, EX1 1QR

01392 799077 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 station

  • Plymouth (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills, Exeter

The Forum, Barnfield Road, Exeter, EX1 1QR

01392 799077 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 EXS160135. 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 Savills, Exeter. 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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