Keller Williams UK
17 bed For Sale

Building Plot at the rear of The Olive Well, Cullompton

£300,000

Property Description

  • Level building plot with easy access
  • Town centre location
  • Full planning for 8 apartments and 1 house

An excellent opportunity to acquire a parcel of land in the heart of Cullompton with full planning for 8 apartments and a house.

Mark Dunn KW is delighted to offer this prime building plot situated just by the junction from High St and Station Road, tucked behind The Olive Well. The plot benefits from full planning permission for the erection of a 3 bedroom house and an apartment block comprising of 3 x 1 bed and 1 x 2 bed flats on the ground floor, 3 x 2 bed flats on the first floor and 1 x 3 bed on the top floor. The design includes outdoor space and balconies.

THE SITE

A summary of the proposed accommodation is set out below:

Ground Floor
Flat 1 - 42 sqm (452 sqft) - 1 Double Bedroom / 1 Person
Flat 2 - 51 sqm (548 sqft)- 1 Double Bedroom / 2 Persons
Flat 3 - 96 sqm (1033 sqft) - 2 Double Bedrooms / 4 Persons
Flat 4 - 68 sqm (731 sqft) - 1 Double Bedroom / 2 Persons

1st Floor
Flat 5 - 98 sqm (1054 sqft) - 2 Double Bedrooms / 4 Persons
Flat 6 - 96 sqm (1033 sqft) - 2 Double Bedrooms / 4 Persons
Flat 7 - 75 sqm (807 sqft) - 2 Double Bedrooms / 4 Persons

2nd Floor
Flat 8 - 210 sqm (2260 sqft) - 3 Double Bedrooms / 6 Persons

House
Total 96 sqm (1033 sqft) - 3 Double Bedrooms / 5 Persons
Ground Floor 42 sqm (452 sqft)
1st Floor 54 sqm (581 sqft)

The proposed development will therefore comprise approximately 832 sqm (8955 sqft) of new build (excluding communal/circulation spaces).

CULLOMPTON

Cullompton is a thriving town attracting investments from major house builders, national retailers and there are plans in motion to reopen the train station, with works expected to start in 2024. The train station will provide much needed access to Exeter and open up the sales and rental market to those working in Exeter.

Cullompton is a historic market square with lovely half-timbered and Tudor-style structures. The Culm Valley's breathtaking beauty, much of which is located in the Blackdown Hills Area of Outstanding Natural Beauty, may easily be reached from Cullompton. This beautiful area is perfect for leisurely exploration via the footpaths, bridleways, and cycle tracks.

COMMUNICATION LINKS

Communication links are excellent with the town easily accessed from the M5 and is only 13 miles from Exeter International Airport and the Cathedral city of Exeter and 5 miles from the mainline train station at Tiverton Parkway.

PLANNING, S106 & CIL

Detailed planning approval ref. 19/01260/Ful was granted on 6th January 2021 by Mid Devon District Council for the development of the site to create eight new apartments, a house and to provide a new public convenience.

There are no affordable housing provisions or CIL liabilities associated with the current planning permission.

A S106 liability notice sets out a charge of £101,500 in relation to the approved scheme.

Copies of the planning documents and technical information are available upon request.

METHOD OF SALE & TENURE

Offers are invited for the freehold of the site.

VIEWING

Please contact the vendor's agent Mark Dunn KW to arrange to view the site.

SERVICES

Interested parties are advised to contact the relevant utility companies to confirm the nearest connection points and capacity of all required services prior to making any offer.

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Council tax band: Not Required

To discuss this property please contact Mark Dunn on: