4 bed Development property

Stags - Commercial

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£1,000,000

4 bed Development property

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4 bed Development property in Exeter DEV is a House

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Price:

£1,000,000 Get Prequalified Today

Contact:

01392 680058

BR/BA:

4 BR, 2 BA

Location:

Exeter, Devon

Description:

A 4 bedroom bungalow with outbuildings set in 7.5 ha (18.53 acres) of agricultural land. Adjoining the proposed Cranbrook new settlement.

SITUATION
The property is situated approximately 2 miles from the village of Whimple and 10 miles east of the city of Exeter. The A30 is approximately 2 miles to the east and junction 29 of the M5 motorway is approximately 8 miles to the west. Exeter International Airport is approximately 4 miles to the southwest.
DESCRIPTION
The property comprises a 4 bedroom bungalow with outbuildings set in 7.5 ha (18.53 acres) of agricultural land.
THE BUNGALOW
The main part of the bungalow was originally built in the war as an observatory post for the airport and has noticeably thicker walls than the secondary part of the bungalow which was believed to be constructed after the war and now forms the main bedroom accommodation.

The bungalow is constructed of brick under a natural slate roof with large car parking and turning area to the outside in front of the triple bay workshop/garage. All measurements are net internal areas measured in accordance with the RICS Code of Measuring Practice.
THE ENTRANCE PORCH 2.18m x 1.63m (7'2' x 5'4')
Quarry tiled floor leads into the entrance hall 7'7' x 7'4', coat hooks, central overhead light and glazed panel to kitchen. To the side: cloakroom with low-level WC and pedestal wash-hand basin.
SITTING ROOM 4.85m x 5.13m (15'11' x 16'10')
A wonderful triple aspect room with views in all directions over the adjoining fields, feature stone open fireplace, picture rail and doorway through to
CONSERVATORY 3.35m x 2.44m (11'0' x 8'0')
Again triple-aspect overlooking the garden and fields beyond.
KITCHEN/DINING ROOM 4.85m max x 2.67m (15'11' max x 8'9')
With full range of oak kitchen units with plentiful space at both base and wall level, corner displays, double-drainer stainless steel sink with mixer tap over, tiled splashback, space for refrigerator and electric cooker point. Hatch to loft.
INNER HALL
With central heating and hot water control panel, airing cupboard.
UTILITY 3.33m x 2.41m (10'11' x 7'11')
With part raised door to outside, window overlooking fields, double-drainer stainless steel sink, range of base and wall cupboards, space and plumbing for washing machine, Camray oil-fired boiler.
FAMILY BATHROOM
Part-tiled walling, coloured bath with Gainsborough electric shower over, low-level WC, pedestal wash-hand basin, shaver light and point and fitted wall cupboard.

Inner hall serving bedrooms as follows:
MASTER BEDROOM 4.55m x 4.39m (14'11' x 14'5')
A spacious well proportioned bedroom with picture window overlooking the adjoining land, fitted wardrobes with hanging rail and shelf over.
EN SUITE BEDROOM
With fully tiled enclosed shower cubicle, low-level WC and pedestal wash-hand basin with shaver light and point over. Radiator and secondary hot water cylinder.
BEDROOM 2 3.33m x 2.01m (10'11' x 6'7')
Potential dressing room or office.
BEDROOM 3 5.38m x 4.29m (17'8' x 14'1')
A large double-aspect bedroom with views over both garden and fields with large built-in wardrobe.
BEDROOM 4 4.60m x 2.90m (15'1' x 9'6')
Views of the garden and built-in range of bedroom furniture.
OUTSIDE
Gardens surround the property and are laid out on three sides with a mix of shrubs, bushes and well-stocked flower beds. There is also a greenhouse and open area of lawn.
GARAGE BLOCK 12.80m x 6.71m (42'0' x 22'0')
Brick construction under a hipped natural slate roof to match the bungalow and with three garages with up and over doors plus further stable/store 23' 3' x 7'11'.
GENERAL PURPOSE BUILDING 13.72m x 9.14m (45'0' x 30'0')
Clearspan building. Enclosed with boarded panels to side with Yorkshire boarding over and corrugated roof. Ideally suited to storage or livestock with original feed barrier gates in situ and further gates allowing partition of the building. It could also suit for the installation of stabling.
THE LAND
The land encompasses the property and garden surrounding it on all sides and comprises productive level fields currently used for arable cropping but equally suited as pasture.
TOWN & COUNTRY PLANNING
The property adjoins the eastern boundary of land shown allocated in the Devon Structure Plan and the East Devon Local Plan as part of a new settlement to be known as 'Cranbrook' which will comprise up to 2,900 new homes, a new neighbourhood centre including retail, employment, leisure & recreational facilities, and major public transport infrastructure including a new railway station.

A resolution to grant outline planning consent for Cranbrook has been made under planning application numbers 03/P1900 & 05/2388/MOUT, subject to negotiation over S.106 and infrastructure requirements. In 2008 The Secretary of State made proposed changes to the draft South West Regional Spatial Strategy to increase the size of Cranbrook to 7,500 new dwellings. Under the emerging East Devon Local Development Framework Issues & Options Consultation Report the property is identified as being within a potential area of expansion for 1,300 new dwellings to the east of the proposed new settlement.

Interested parties should make their own enquiries of the local authority East Devon District Council, Council Offices, Knowle, Sidmouth, Devon, EX10 8HL. Tel: 01395 516551.
TENURE
Freehold with vacant possession on completion. The bungalow is subject to a 12 month Assured Shorthold Tenancy. An option agreement has been entered into on the whole property. Further details of the option agreement are available from the agents, subject to completion of a confidentiality agreement.
METHOD OF SALE
The property is sold offered for sale by private treaty as a whole, subject to a claw back clause based on 50% of any uplift in value on grant of planning consent for a period of 10 years from completion of sale and 25% of any uplift in value on grant of planning consent for a further period of 10 years thereafter.
GUIDE PRICE
Offers are invited in the region of 1,000,000 on an unconditional basis, subject to a claw back clause.
VAT
VAT will not be payable on the sale price.
VIEWING
Strictly by appointment with the sole agent.
SERVICES
Mains water and electricity are connected to the property. Drainage is to a private system. We have not tested any of the services and interested parties should make their own enquiries.
ENERGY PERFORMANCE CERT.
An Energy Performance Certificate is available for inspection upon request.
REFERENCE
031248
FURTHER INFORMATION
For further information or to arrange an inspection please contact: Stags Development Land & Planning Department, 21 Southernhay West, Exeter. EX1 1PR Tel 01392 680058 Fax 01392 273256 Email: (click to respond)

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Property Type:

Single-Family Houses

Amenities:

Fireplace, Parking, Patio/Deck, Refrigerator, Storage

For sale by:

Agent/Broker

Phone:

01392 680058

Posted:

February 17 2011 on Facebook

Contact:

01392 680058