Land

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Land

Fore Street, Holbeton, Plymouth PL8
£500,000

Our Summary

  • Guide £500,000 - £550,000 - of interest to developers and property investors | Superb Investment Opportunity I Former Public House I Further Rental Units (income producing) I Potential scope for speculative planning for new builds I Potential change for multiple uses (Subject to consent) nb All imagery are taken from historic library photos and do not represent the current condition of the property
  • investment opportunity (nb all suggestions are subject to applicants making their own enquiries in relation to planning consent etc
  • ) Luscombe Maye present this superb investment opportunity to purchase a former public house, (and ff apartment), with vacant Barrel House, three potential income-producing "cottages", driveway and potential to develop the rear Car Park
  • The Barrel House also provides the option as a stand-alone unit, (subject to consent)
  • The current vendors consider the homes are let on a fairly competitive rental and buyers may want to review other types of letting to release further income potential (see note below re restriction)
  • The rear car park provides the potential space for a speculative planning application to create further homes (subject to consents)
  • A former planning application in relation to this development is available on the link provided
  • Brief guide A: Sub divided Pub with first floor flat B: Three separate Cider Press cottages (potential income producing) C: The Barrel House D: The Car Park and Driveway Area with investment potential
  • the barrel house With investment potential
  • The car park Potential speculative development plots with scope, subject to planning, for further dwellings with parking

Description

A former public house and adjoining vacant Barrel House, three income-producing cider press cottages, and a rear car park with development potential are available for purchase in the charming South Hams village of Holbeton. The property offers numerous investment opportunities, including the potential to develop the rear car park into further dwellings, subject to planning consent. The existing cottages produce an income of circa £30,000 per annum, and the Barrel House provides the option to be used as a standalone unit or developed into additional accommodation. The property is located within easy reach of beautiful beaches, countryside walks, and nearby villages, and has a strong sense of community with a range of village clubs and associations. The vendors will not accept bids for individual lots, and the property is being sold as a whole development with detailed plans and legal pack available for review.
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