Prime Development Opportunity, Dartmouth, Devon

• FH Price: £1,500,000 Guide Price
Hillfield Village is a high-quality holiday village located in the beautiful South Hams countryside on the outskirts of Dartmouth. The 12-acre site has a fascinating history that can be traced back to the 18th Century and which in more recent times has enjoyed much success as a unique and beautiful self-catering holiday village location. Acquired by its current owners in 2012, since 2015, following refurbishment of 27 existing properties on site 'and addition of twelve new luxury 3-5 bed houses, all 39 properties have been sold (with right retained by the site owner to buy back any property before being marketed for re-sale), creating a mixed use residential and second/holiday home community.
Many owners continue to holiday let their properties through a national holiday letting company, with local offices in Dartmouth and Salcombe, achieving high levels of annual return ranging from £20,000 -£60,000.
The opportunity exists to purchase the freehold of the whole site which includes detailed planning for a further 28 x holidays units with leisure building complex and swimming pool, an established management company, reception office and a range of other ancillary buildings/areas. The site offers great scope as an investment opportunity and for new owners to either continue with the current plans or change to suit their own requirements.