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£250,000

Antony Road, Torpoint, Cornwall, PL11 2JW

  • 1 bed
Other

£250,000

  • 1 bed
Other
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£1,141 per month

Minimum deposit amount:

£12,500
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Property Description
Rectangular shaped site with direct road frontage onto Antony Road, adjacent to an Esso petrol station and Sainsburys, with planning permission for 26 residential units (4 x 1 bedroom & 22 x 2 bedrooms) and remodelled / refurbished leisure facilities. Many of the units benefit from panoramic views across the River Tamar and towards Plymouth. With the majority of the 2-bedroom units having either a terrace or balcony.

Planning Information
Planning has been granted under application number PA22/03562 via Cornwall Council. Information regarding the scheme can be found on the planning section of the website. We understand there a CIL payment of £3,325.22 to be paid. Partial demolition works have already been undertaken. Copies of commencement of works including building regulations are available if required.

Location
Torpoint is a town located in Cornwall on the eastern bank of the River Tamar and serves as a gateway to the beautiful Rame Peninsular which benefits from coastal walks and beaches. Torpoint has a range of shops, cafes and pubs, and includes a direct link via a vehicular and pedestrian ferry service to the city of Plymouth. The site is situated on Antony Road adjacent to the Esso petrol station.

Note: We are advised that the current owner has had the site cleared with partial demolition works having already been undertaken and we understand that there is a CIL payment of £3,325.22 to be paid. Copies of the commencement works including building regulations are available upon request. The vendor has entered into a tripartite agreement with Cornwall Council and Torpoint Town Council for the demolition and replacement of the public conveniences (currently comprised within title CL240259); the agreement provides for the freehold to be transferred by Cornwall Council to the vendor for £15,000 (of which, £1,500 has already been paid by way of a deposit) upon practical completion of the replacement facilities and for the simultaneous grant of a long leasehold interest of those facilities to Torpoint Town Council. The Vendor will arrange for the tripartite agreement to be assigned and completion of the purchase of this Lot will be conditional on such assignment. We are advised by the vendors that the Mains for incoming contractors electric supplied to approved site box, with site meter and is all live ready for contractors on site.

Local Authority – Cornwall Council – www.cornwall.gov.uk

The projected Gross development value on the project is estimated to be £5,945,000.

Viewing the site is strictly on an accompanied basis. Please contact James Clarke or Matt Minett


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Local Authority – Cornwall Council

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