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Plot for sale

TOPSHAM, EXETER ROAD

Sold STC Sale by Tender

Property Description

Key features

  • 60 Bed residential care home
  • 47 assisted living apartments
  • 55 age restricted dwellings
  • 7.7 acre site in Topsham
  • outline planning permission granted

Full description

THE SITE
This is the first time in decades that a substantial development site has been offered for sale in Topsham which is perhaps the best residential address in Exeter. This absolutely prime level 3.12 hectare approximately (7.70 acre) site has frontage to the main Exeter Road on the western edge of Topsham some 600 metres from the town centre. The land adjoins residential development on its north east and south west boundaries, the Topsham Rugby club to the south east and open fields to the north west with Exeter University's Topsham Sports ground beyond. A secondary access to Newcourt Road and public footpath exists to the north.

TOPSHAM
Within Exeter but distinctively Topsham would be a good description of this historic estuary port town with its eclectic mix of building styles, famous 17c Dutch style merchant houses, maritime heritage and waterfront setting on the River Exe. Some of the finest houses can be found along the Strand whilst Topsham High Street is home to many specialist shops and boutiques. There are numerous award winning restaurants and pubs in the locality.

There is a strong local community (population 5,519 in 2011) and plenty of amenities including a local primary school, GP surgery, bowls club, swimming pool, recreation ground, RSPB reserve, estuary walks, local ferry and train station to name only a few.

The center of Exeter (population estimated at 124,328 in mid-2014), a city consistently rated as one of the best places to live in the UK, is less than 6 km away and can be reached by regular bus service which passes the site whilst the local railway station with its main line connections is just a 700m level walk.

PLANNING
A grant of outline planning permission was obtained on appeal under reference number APP/Y1110/W/15/3005030 on the 27th April 2016 for a development comprising a 60 bed residential care home (0.41 ha - 1.01 acres) 47 assisted living apartments (0.51 ha - 1.26 acres) and 55 age restricted dwellings (2.20 ha - 5.44 acres).

A S106 agreement provides for Affordable Housing at a rate of 35% of the age restricted dwellings with any fraction of an Affordable unit paid as a financial sum. There are no other financial payments however Exeter City Council are a CIL authority with a chargeable rate of 80 psm (plus indexation) in respect of residential development (excluding social housing) however the assisted living and residential care home elements are charged at a nil rate.

TECHNICAL
A full pack of technical information including copies of the planning permission, S106 agreement, planning documentation, utility information and geotechnical report is available from the agents.

METHOD OF SALE
The land is offered for sale by informal tender with a closing date of midday on Friday July 29th with tenders returned to the agent's marked "Informal tender - Topsham".

Prospective purchasers are invited to put forward offers for the whole property or any one or more of the three individual lots i.e. assisted living apartments, residential care home or age restricted housing as the vendor will actively consider a sale of the whole property to a single purchaser or splitting the sale into separate transactions. Bids for individual lots should be submitted on the basis that the developer of the age restricted housing will provide the main access road and surface water attenuation works.

VIEWING
On site at any reasonable time, but in the first instance as the land is farmed please contact the agents to confirm your intention to view and make access arrangements.

AGENTS NOTE
Due to the potential to sell the land in separate lots prospective purchasers are invited to contact the agents to discuss their individual requirements.

More information from this agent

Listing History

Added on Rightmove:
21 June 2016

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