42 High Street, St Saviours Way, Crediton, Devon, EX17 3PJ

The property comprises a plot of land with development potential subject to planning. The site has pedestrian access from the High Street via Albert Place and vehicular access via an unnamed track which runs directly to the north of High St car park. The site benefits from a fenced boundary and there are two dilapidated buildings on site.

The site has lapsed planning consent for the erection of three dwellings under planning application 17/01011/FULL dates August 2017.

In addition there could be scope to develop an 8 unit scheme arranged in two blocks of 4, each with their own rear gardens and communal bin and bike store. The plans are for the units to be 1.5 storey high providing 1-bed dwellings. Applicants should make their own enquiries in this respect.

Location

Crediton is a Mid Devon market town with a population in excess of 8,300 with a catchment area serving surrounding villages. The nearest major centre is Exeter approximately 7 miles to the south and the town is served by Crediton railway station on the Barnstaple branch line.

The site is located to the rear of No 42 High Street Crediton in close proximity to the car park off Saviours Way. The surrounding area comprises a mix of residential dwellings to the north of the site along with commercial uses along the High Street.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net / gross internal basis.

Site: 0.24 acres (0.1 ha)

Planning

The site has lapsed planning consent for the erection of three dwellings under planning application 17/01011/FULL dated August 2017.

Rent / Price

The freehold is available at an asking price of £225,000 plus an overage clause of 25% over the overall value once planning permission has been granted.

Business Rates

Business Rates are not applicable for this property but when the properties are built they will need to be accessed for Council Tax purposes should the development consist of residential dwellings.



Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

An EPC is not applicable for this property.

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.