Lot 130: SUBSTANTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR EIGHT DWELLINGS

Sold £122,000

A superb residential redevelopment opportunity being part of the former Tantons Hotel enjoying a full-on river view benefitting from planning approval via two separate consents for a total of eight dwellings in the form of five flats and three town houses.

The current overall ‘change of use’ scheme is likely to catch the attention of the development community in its own right. However, with an early 2016 approval (now lapsed) permitting actual demolition of part of the property to create the five flats there is the potential, subject to all necessary consents being obtainable, to successfully pursue this course of action again or perhaps across the entire property so as to increase the density.

Proposed Accommodation

By reference to the main photograph, the left hand portion of the property comprises three town houses each having:

Ground Floor

Entrance hall and stairs up.

First Floor

Large kitchen/utility/family room.

Second Floor

Two double bedrooms, each with en-suite facilities.

Outside

At first floor level there is a shared balcony with glorious river views from the front elevation along with shared outside space at the rear.

By reference to the photograph, the right hand portion of the property comprises:-

Ground Floor

Two bedroom flat.

First Floor

One bedroom flat and two bedroom flat.

Second Floor

One bedroom flat and two bedroom flat.

Planning

Planning Permissions have been granted by Torridge District Council. Firstly, under refs: 1/0556/2016/FUL and 1/0557/2016/LBC for change of use to three dwellings and alterations and refurbishment, both dated 6th October 2016. Secondly, under refs:1/0958/2016/FUL and 1/0959/2016/LBC for change of use to five flats and alterations, both dated 13th December 2016, subject to conditions.

Reference above to a now lapsed planning consent for demolition of the existing building (part of) and erection of a block of five flats can be found under refs: 1/1360/2014/FUL and 1/0136/2015/LBC, both dated the 18th January 2016. A copy of the Planning Consents will be available to download from the Clive Emson website or via Torridge District Council’s website, torridge.gov.uk.

Freehold with Vacant Possession