This property presents a promising opportunity for developers looking to invest in a significant development site situated on the outskirts of Holsworthy, a vibrant market town. The predominantly level site offers excellent accessibility and has already secured outline planning permission for the construction of five residential units, providing ample opportunity to enhance its value. The local area exhibits strong demand for housing, making this an attractive prospect given its rural charm yet proximity to coastal locations just 15 minutes away.
Planning consent was granted by Torridge District Council under the reference number 1/0382/2021/OUT on February 14, 2023, with all essential matters reserved except for access. Potential buyers are encouraged to verify planning documents available through the council's website.
Alongside the freehold tenure with vacant possession upon completion, prospective investors should consider several contributions outlined in the section 106 agreement that may impact budgeting:
- A total of £808.77 towards allotments
- An education contribution of £20,540 for local primary school facilities
- Contributions totaling £6,736.77 for off-site amenities and green spaces
- Funds of £18,944 allocated for parks and recreational grounds
- Additional amounts earmarked for play spaces and youth facilities.
All mains services are reportedly nearby; however, potential buyers should confirm their availability for connection as part of their due diligence.
