Land For Sale £600,000
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 income-producing "cottages", driveway and potential to develop the rear Car Park.
The former Dartmoor Union has numerous potential opportunities.
The Barrel House also provides the option as a stand-alone unit, (subject to consent).
The three Cider Press cottages and the flat above the pub produce an income of circa £30,000 per annum when fully let.
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.
Considering the desirable location, being located within close proximity of some of the finest beaches in the South Hams, the whole site could be potentially geared towards other uses (subject to legal and local authority consents).
Please kindly note the owners will not accept bids for individual lots.
Location The charming and picturesque South Hams village of Holbeton is well served with amenities including a village shop and Post Office, public house, Holbeton Primary School, Pre-School and Church. There is a strong sense of community with a range of village clubs and associations including amateur dramatics, gardening, cricket club and more.
Holbeton is surrounded by glorious countryside and walks down to the River Erme with the beautiful and unspoilt Mothecombe Beach a 10 minute drive away. Dartmoor National Park and the golf clubs at Bigbury and Elfordleigh are in also in easy reach. The nearby villages of Newton Ferrers and Noss Mayo are a yachting haven. The A38 provides quick access to the M5 and Cornwall, and is easily accessible approximately 6 miles away.
The historic and vibrant water-front city of Plymouth is just under 11 miles distant and offers a wide range of shops, large department stores, restaurants, Theatre Royal, and cinemas. The leisure facilities are outstanding with superb watersports in and around Plymouth Sound and the Plymouth Life Centre.
Brief guide A: Sub divided Pub with first floor flat (the flat is producing rental income)
B: Three separate Cider Press cottages (income producing)
C: The Barrel House
D: The Car Park and Driveway Area with investment potential
plan explained
the whole development including internal access Detailed as below (red and blue shaded areas on site plan). Please refer to plans and legal pack (on conveyance) for more detailed information.
Plan of development components
former part bistro pub with first floor apartment (in blue, shown with potential sub divide) Redundant public house on ground floor with bar, restaurant, toilets and kitchen.
First Floor Apartment:
The spacious three bedroom apartment above the pub is habitable and let through our lettings department at monthly rent circa £750 pm. (AST)
There is a parking provision made on the plan.
The barrel house (in orange) With investment potential.
Three cider cottages (in green) The three units are currently on one Title, potentially producing circa £21,000 gross per annum, on a fully let basis. There is a parking provision made on the plan.
1 Cider Press Cottages:
Circa 46m2 EPC Rating E
(Let on an AST at a reduced monthly rent £450 pcm).
Located partly over the ground floor pub kitchens, the cottage accommodation comprises one good sized bedroom, kitchen, living room and bathroom.
2 Cider Press Cottages:
Circa 79m2 EPC Rating E
(Current monthly rent £650 pcm. Let on AST to a local person).
The two bed cottage comprises kitchen, living room, master bedroom with en-suite, family bathroom and a good sized second bedroom with built-in storage.
3 Cider Press Cottages:
Circa 85m2 EPC Rating E
(Current monthly rent £650 pcm on AST)
This two bedroom cottage is laid out with reverse living accommodation and comprises entrance porch with door to cloakroom and door to WC, living area with exposed beams to vaulted ceiling and small mezzanine storage area, kitchen area with electric oven and hob. Downstairs there are two double bedrooms, family bathroom and utility room.
Nb
Current rental restrictions of the three properties are as follows: One has a cap on the rent, another has a requirement to be let to a local person, and the third is open market. Please see the legal pack on conveyance for more details.
The car park (in red) Potential speculative development plots with scope, subject to planning, for further dwellings with parking.
The row of cottages at the rear of the car park are under private ownership and have a right of way.
Driveway area near union cottages (in purple) Current parking for existing homes at Union cottages not impacted.
Internal access road (white) With right of way for cottages.
Rental breakdown £ per month £ per annum
1 Cider Press 450 5,400
2 Cider Press 650 7,800
3 Cider Press 650 7,800
Pub Flat 750 9,000
Pub downstairs with potential income
Totals 2,500 30,000
agent's note Imagery:
Please note the photos for the public house are historic. They are shown for guideline purposes only and do not represent the current internal condition or range of furnishings.
Method of sale for sale by private treaty
info note The details contained in the brochure are for guide purposes only and buyers must be satisfied with the information contained within the legal pack provided by the sellers' lawyer during conveyance. The published plan and imagery are issued for guideline purposes only.
The process prevents members of staff from the selling agents to answer technical questions and further enquiries must be referred back to the applicants' lawyer for clarification.
Former planning application ref: 1134/16/ful south hams DC Previous application below not pursued:
Clients' solicitor's note re existing covenant Our clients' solicitor has commented: "There are currently restrictive covenants on the Title of the Cider Press Cottages prohibiting holiday letting use… as the original covenantor and the covenantee are now dissolved my client is in control of the land which benefits from the covenant."
This information does not constitute advice and applicants need to make their own enquiries for their intended use of the development.
Viewing by appointment only We ask all buyers to kindly respect the existing tenants. Please note that all viewings will be strictly by pre-arrangement through our Yealmpton Office. Tel. Viewings by block arrangement.
Video tours are available by request.
Google marker , +Plymouth+PL8+1NE/@50.334323, - 3.9500961,17z/data=!4m5!3m4!1s0x486ce89a9e41787f:0xfe201d9169ca4182!8m2!3d50.3344024!4d-3.9490053
acv order for pub It is understood that an acv order was duly triggered for six months giving the local community the opportunity to purchase the local pub (trigger date to be verified by vendors' lawyers). This was declined by the local community opening up a period of time for the property to be sold and developed further (subject to normal consents). Buyers to consult with their lawyers.
Definition of an acv order:
The owner of an asset of community value must inform the local authority if they wish to sell the asset. If a qualifying community group wants to buy the asset, they can trigger a moratorium for six months, to give them a chance to raise the money to purchase the asset. The owner does not have to sell to a community group. The asset of community value listing only improves the chances of community groups being able to purchase by providing more time to raise funds. It does not require the owner to sell at a discount.[4]
The listing of a property as an 'Asset of Community Value' lasts for five years after which it is automatically delisted and the restrictions imposed by the covenant are removed. Communities can however apply for the listing to be renewed. Care should be taken to ensure the listing is continuous - apply for renewal not less than 8 weeks before the original listing ends.
Between 6th March 2015 and 22nd May 2017 there was special protection in place protecting acv listed or nominated pubs from a change of use or demolition under the 'Permitted Development' rules in the General Permitted Development Order. From 23rd May 2017 onwards this protection is extended to all pubs regardless of their acv status, under the Amendment to the gpdo (si 2017/619). This means that any change of use or demolition (apart from changing the way a pub operates to include greater dining use, and back again to a solely drinking establishment) now requires full planning permission.
Luscombe Maye present this superb investment opportunity to purchase a former public house, (and ff apartment), with vacant Barrel House, three income-producing "cottages", driveway and potential to develop the rear Car Park.
The former Dartmoor Union has numerous potential opportunities.
The Barrel House also provides the option as a stand-alone unit, (subject to consent).
The three Cider Press cottages and the flat above the pub produce an income of circa £30,000 per annum when fully let.
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.
Considering the desirable location, being located within close proximity of some of the finest beaches in the South Hams, the whole site could be potentially geared towards other uses (subject to legal and local authority consents).
Please kindly note the owners will not accept bids for individual lots.
Location The charming and picturesque South Hams village of Holbeton is well served with amenities including a village shop and Post Office, public house, Holbeton Primary School, Pre-School and Church. There is a strong sense of community with a range of village clubs and associations including amateur dramatics, gardening, cricket club and more.
Holbeton is surrounded by glorious countryside and walks down to the River Erme with the beautiful and unspoilt Mothecombe Beach a 10 minute drive away. Dartmoor National Park and the golf clubs at Bigbury and Elfordleigh are in also in easy reach. The nearby villages of Newton Ferrers and Noss Mayo are a yachting haven. The A38 provides quick access to the M5 and Cornwall, and is easily accessible approximately 6 miles away.
The historic and vibrant water-front city of Plymouth is just under 11 miles distant and offers a wide range of shops, large department stores, restaurants, Theatre Royal, and cinemas. The leisure facilities are outstanding with superb watersports in and around Plymouth Sound and the Plymouth Life Centre.
Brief guide A: Sub divided Pub with first floor flat (the flat is producing rental income)
B: Three separate Cider Press cottages (income producing)
C: The Barrel House
D: The Car Park and Driveway Area with investment potential
plan explained
the whole development including internal access Detailed as below (red and blue shaded areas on site plan). Please refer to plans and legal pack (on conveyance) for more detailed information.
Plan of development components
former part bistro pub with first floor apartment (in blue, shown with potential sub divide) Redundant public house on ground floor with bar, restaurant, toilets and kitchen.
First Floor Apartment:
The spacious three bedroom apartment above the pub is habitable and let through our lettings department at monthly rent circa £750 pm. (AST)
There is a parking provision made on the plan.
The barrel house (in orange) With investment potential.
Three cider cottages (in green) The three units are currently on one Title, potentially producing circa £21,000 gross per annum, on a fully let basis. There is a parking provision made on the plan.
1 Cider Press Cottages:
Circa 46m2 EPC Rating E
(Let on an AST at a reduced monthly rent £450 pcm).
Located partly over the ground floor pub kitchens, the cottage accommodation comprises one good sized bedroom, kitchen, living room and bathroom.
2 Cider Press Cottages:
Circa 79m2 EPC Rating E
(Current monthly rent £650 pcm. Let on AST to a local person).
The two bed cottage comprises kitchen, living room, master bedroom with en-suite, family bathroom and a good sized second bedroom with built-in storage.
3 Cider Press Cottages:
Circa 85m2 EPC Rating E
(Current monthly rent £650 pcm on AST)
This two bedroom cottage is laid out with reverse living accommodation and comprises entrance porch with door to cloakroom and door to WC, living area with exposed beams to vaulted ceiling and small mezzanine storage area, kitchen area with electric oven and hob. Downstairs there are two double bedrooms, family bathroom and utility room.
Nb
Current rental restrictions of the three properties are as follows: One has a cap on the rent, another has a requirement to be let to a local person, and the third is open market. Please see the legal pack on conveyance for more details.
The car park (in red) Potential speculative development plots with scope, subject to planning, for further dwellings with parking.
The row of cottages at the rear of the car park are under private ownership and have a right of way.
Driveway area near union cottages (in purple) Current parking for existing homes at Union cottages not impacted.
Internal access road (white) With right of way for cottages.
Rental breakdown £ per month £ per annum
1 Cider Press 450 5,400
2 Cider Press 650 7,800
3 Cider Press 650 7,800
Pub Flat 750 9,000
Pub downstairs with potential income
Totals 2,500 30,000
agent's note Imagery:
Please note the photos for the public house are historic. They are shown for guideline purposes only and do not represent the current internal condition or range of furnishings.
Method of sale for sale by private treaty
info note The details contained in the brochure are for guide purposes only and buyers must be satisfied with the information contained within the legal pack provided by the sellers' lawyer during conveyance. The published plan and imagery are issued for guideline purposes only.
The process prevents members of staff from the selling agents to answer technical questions and further enquiries must be referred back to the applicants' lawyer for clarification.
Former planning application ref: 1134/16/ful south hams DC Previous application below not pursued:
Clients' solicitor's note re existing covenant Our clients' solicitor has commented: "There are currently restrictive covenants on the Title of the Cider Press Cottages prohibiting holiday letting use… as the original covenantor and the covenantee are now dissolved my client is in control of the land which benefits from the covenant."
This information does not constitute advice and applicants need to make their own enquiries for their intended use of the development.
Viewing by appointment only We ask all buyers to kindly respect the existing tenants. Please note that all viewings will be strictly by pre-arrangement through our Yealmpton Office. Tel. Viewings by block arrangement.
Video tours are available by request.
Google marker , +Plymouth+PL8+1NE/@50.334323, - 3.9500961,17z/data=!4m5!3m4!1s0x486ce89a9e41787f:0xfe201d9169ca4182!8m2!3d50.3344024!4d-3.9490053
acv order for pub It is understood that an acv order was duly triggered for six months giving the local community the opportunity to purchase the local pub (trigger date to be verified by vendors' lawyers). This was declined by the local community opening up a period of time for the property to be sold and developed further (subject to normal consents). Buyers to consult with their lawyers.
Definition of an acv order:
The owner of an asset of community value must inform the local authority if they wish to sell the asset. If a qualifying community group wants to buy the asset, they can trigger a moratorium for six months, to give them a chance to raise the money to purchase the asset. The owner does not have to sell to a community group. The asset of community value listing only improves the chances of community groups being able to purchase by providing more time to raise funds. It does not require the owner to sell at a discount.[4]
The listing of a property as an 'Asset of Community Value' lasts for five years after which it is automatically delisted and the restrictions imposed by the covenant are removed. Communities can however apply for the listing to be renewed. Care should be taken to ensure the listing is continuous - apply for renewal not less than 8 weeks before the original listing ends.
Between 6th March 2015 and 22nd May 2017 there was special protection in place protecting acv listed or nominated pubs from a change of use or demolition under the 'Permitted Development' rules in the General Permitted Development Order. From 23rd May 2017 onwards this protection is extended to all pubs regardless of their acv status, under the Amendment to the gpdo (si 2017/619). This means that any change of use or demolition (apart from changing the way a pub operates to include greater dining use, and back again to a solely drinking establishment) now requires full planning permission.
