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SSTC 23 Bed Building Plot / Land 

Upton, Bude Guide Price £1,200,000

Property Features

Location:
, Upton, Bude, Cornwall, EX23 0LY
Bedrooms: 23

Contact Agent

Colwills Estate Agents, Bude Office

About the Property

An exceptional development opportunity in this prominent and sought after coastal location. Planning consent has been successfully secured for the demolition of the existing dwelling and the erection of a... Read More
  • Development site with sea views
  • Planning approval for 9 luxury apartments
  • 4 x Two bedrooms, 4 x 3 Bedrooms
  • 1 x Penthouse with exceptional views and terrace
  • 18 Parking spaces, balconies and gardens

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Property Details

Description

DIRECTIONS From the centre of Bude proceed out of town along The Strand and turn right at the mini roundabout towards Widemouth. Continue along this road and ascend Lynstone Road all the way to the top. It is the last property on the left hand site as you leave Upton and take on the coastal road. You can turn left into a small lane and then left again into the parking area.

LOCATION Situated on the edge of Bude in an area known as Upton, it is approximately one mile from the town centre and Summerleaze Beach and less than two miles to Widemouth Bay. The National Trust coastal path is less than 20 yards away making this an exceptional location for owner occupiers, second home owners and those looking to purchase a high demand holiday rental. There is also a bus stop nearby.

THE SITE The site measures approximately 0.15 hectares (1500m2) and currently comprises of a large detached bungalow facing south with extensive parking to the rear. There is also a small annex attached. The property is to be demolished to make way for the development.

PLANNING PERMISSION Conditional planning permission was secured via appeal on 09 August 2019 for the demolition of the existing property and the erection of eight apartments and a penthouse. The application ref was PA18/06879 and the appeal reference for the approval is: APP/D0840/W/19/3227858.

The scheme is to comprise of 9 apartments over three floors. 4 x two bedroom apartments, 4 x 3 bedroom apartments and 1 x 3 bedroom penthouse apartment. All apartments will benefit from two parking spaces and storage. The total build volume is circa 999m2 internal, plus balconies and terraces. Due to the rarity of luxury apartments along this coastal strip we believe there to be a strong demand and a positive GDV (Gross Development Value).

CIL PAYMENT The site is liable for CIL (Community Infrastructure Levy) we believe this is circa £61,800 based on the net gain of accommodation being 618m2.

EDUCATION AND PUBLIC OPEN SPACE The education and public open space is £30,936 in total.

AFFORDABLE HOUSING The development is NOT subject to any affordable housing.

TENURE FREEHOLD

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