Land for sale in The Stable Mews & The Paddock, Penstowe, Kilkhampton, Bude EX23

Description

The Stables Mews and Paddock development.

Unique freehold development in need of completion

**For sale by online auction **

A genuine retirement sale of a Freehold partially completed development presenting great return on investment opportunity. This offers the unique prospect to complete this luxurious development in a sought-after location near Bude and the North Cornish Coast.

The thriving village of Kilkhampton is walking distance where you will find two very good pubs, a fish & Chip shop, two well supported supermarkets, a post office and other general supplier. And within ten minutes you could be in the resort of Bude to enjoy more excellent restaurants, cafes and the famous beaches with its open-air sea pool, one of only a few left in the country.

The offer is a freehold partially completed development comprising seven luxury properties being two detached 4 bedroom house, two detached cottage style house and a large stone Mews building for conversion to three town houses, sold with vacant possession.

The Stable Mews enjoys two parts, one being the charming Mews courtyard which will have a development of 2 and 3 bedroom properties and part two, "The Paddock" accessed through the mews, opening out to a select community of 4 luxury (Two sold) detached private residences.

The properties will enjoy off road parking, spacious sizes and the houses with lawned gardens. All properties will be fully double glazed and benefit air source underfloor central heating.

The properties when completed will have good resale value as principle or second homes or make excellent letting or holiday accommodation, each option presenting a good return on investment to any builder developer.

Due to the superb location and the wide market appeal both as main residences or second homes, high demand is expected on this development.

Planning information

Application No: PA18/01359

Application No: PA19/02816

Planned specifications available on request, although we assume there would also be considerations given to new specs.

1/ Detached four-bedroom house with plans drawn as:

Reception Hall & WC Cloakroom
Open plan Kitchen diner with sliding doors to garden x 2
Lounge with French sliding doors to garden
First floor
4 Bedrooms with one being ensuite
Family Bathroom
All services on site to this plot

Current end value £440K (Based on recently sold)

2/ Detached four-bedroom house with plans drawn as:

Reception Hall & WC Cloakroom
Open plan Kitchen diner with sliding doors to garden x 2
Lounge with French sliding doors to garden
First floor
4 Bedrooms with one being ensuite
Family Bathroom
The base is laid and all services are on site to this plot

Current end value £440K (Based on recently sold)

3/ Town House with plans drawn as:

Living Room
Kitchen Dining Room
Bathroom
Three double bedroom with one being en-suite

Current end value £325K (Based on local comparable and previous sales)

4/ Town House with plans drawn as:

Open Plan Kitchen Living Room
Bathroom
Two double bedrooms

Current end value £265K (Based on local comparable and previous sales)

5/ Town House with plans drawn as:

Large Living Dining Room
Kitchen on first floor
Bathroom
Two double bedrooms

Current end value £265K (Based on local comparable and previous sales)

6/ Detached Cottage style Single storey House with plans drawn as

Open plan kitchen living Room
Shower Room
Two double bedrooms

Current end value £245K (Based on local comparable and previous sales)

7/ Detached Cottage style House with plans drawn as

Open plan kitchen living Room
Bathroom
Two double bedrooms with Jack & Jill ensuite

Current end value £245K (Based on local comparable and previous sales)

nb: Current end values given as guide prices

This property is for sale via Online Auction.

All mains water, electricals, telecoms and fibre broadband) on site

cil (Community Infrastructure Levy) Paid I full

The site so far has been Architect supervised.

Please note photos, specifications and measurements are for guidance purposes only

No further works will be taking place on the development prior to the sale.

Tenure - The property is offered for sale freehold and with Vacant Possession on completion.

Viewing strictly by appointment with the local agent: Nk Estate Agent

Local Authority

The local authority is Cornwall County Council, County Hall, Treyew Road, Truro, Cornwall, TR1 2AY Telephone: Agents Notes

None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Any maps used on the details are for identification purposes only.

None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. All figures, measurements, floor plans & maps are for guidance purposes only.

The property is sold subject to and with the benefit of all outgoings, rights of way, easements & way leaves there may be, whether mentioned in these general remarks and stipulations or particulars of sale

Buyers Premium

* Plus 3% Buyers Premium + VAT

Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of id, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the 'legal documents'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Local Authority

Tenure: Freehold