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Description

An established luxury holiday cottage complex with planning consent granted for further development.

SITUATION
Hillfield Cottages and Country House are set in open countryside 3 miles west of the waterside town of Dartmouth. Dartmouth is described as the "jewel of the South Hams" being a popular tourist town with strong maritime connections and a full range of local facilities including shops, services and a golf course. The South Hams area is a renowned tourist destination with the city of Plymouth being 35 miles to the west, which offers main line rail and international airport services. The market town of Totnes is located 11 miles to the north which provides a mainline railway service and the A38 is 20 miles to the northwest, providing links to the national road network via the M5 at Exeter, approximately 50 miles to the north.

DESCRIPTION
The property comprises a range of 31 luxury holiday cottages and apartments, of which 2 are currently occupied as managers accommodation and are in need of renovation. In addition there are on-site facilities including a shop and maintenance store/buildings. There is further land with the benefit of outline planning consent for 51 new units and a central facility.

Site roads have been constructed to base course within the Phase 3 site, together with drainage and water supplies.

TENURE
The freehold of the property is available with vacant possession upon completion.

ACCOMMODATION
The existing units types and tenure can be summarised as follows:

PHASE 1 EXISTING
Type - No. - Sq.m
1 Bed apartment x 1 - 44 sq.m
2 Bed apartment x 3 - 327 sq.m
3 Bed apartments x 3 - 297 sq.m
Total Apartments = 7 - 668 sq.m

2 Bed bungalow x 2 - 242 sq.m
5 Bed bungalow x 1 - 122 sq.m
Total Bungalows = 3 - 364 sq.m

2 Bed cottages x 7 - 549 sq.m
3 Bed cottages x 2 - 124 sq.m
4 Bed cottages x 3 - 244 sq.m
Total Cottages = 12 - 917 sq.m

Phase 1 Total = 23 - 1,949 sq.m *

PHASE 2 EXISTING
Type - No. - Sq.m
2 Bed cottages x 6 - 405 sq.m
4 Bed cottages x 1 - 177.5 sq.m
5 Bed cottage x 1 - 204 sq.m

Phase 2 Total = 8 - 786.5 sq.m *

PHASE 3 PROPOSED
Type - No.
1 Bedroom - 6
2 Bedroom - 29
3 Bedroom - 5
4 Bedroom - 1
5 Bedroom - 8
6 Bedroom - 1

Phase 3 Total = 50 - 5,177 sq.m **

* All floor areas are based on gross internal areas as taken in accordance with the RICS Code of Measuring Practice.

** All proposed floor areas are based on gross internal areas taken from Drawing No. 2640/11 as prepared by BBH Chartered Architects (Dartmouth) Ltd.

PLANNING
The property is currently operated as a holiday complex. Outline planning consent for demolition of the existing chalets and replacement with 51 new units, including a new central facility incorporating café/bar, restaurant and swimming pool/function room with outdoor play area and associated works was granted by South Hams District Council under application number 2115/05/0UT.

THE BUSINESS
The property is currently run as a going concern with 29 units in Phase 1 and Phase 2 being let for holiday use. 2 Units within Phase 1 are currently occupied as managers accommodation. Further financial information is available on request. The plant and equipment associated with the business is available by seperate negotiation.

SERVICES
Mains water and electricity are connected. The Infrastructure has recently been upgraded with a new sewage treatment plant and reed bed filtration system, upgraded electrical sub station, all overhead cables moved underground.

BUSINESS RATES
The Valuation Office website lists a rateable value of £37,500.00.

METHOD OF SALE
The property is offered for sale with vacant possession by private treaty.

GUIDE PRICE
Freehold, offers invited.

VAT
VAT to be confirmed.

VIEWING
Strictly by appointment with the agent.

REFERENCE
HILLF/10611/51

CONTACT INFORMATION
For further information or to arrange an inspection please contact: Stags, 21 Southernhay West, Exeter. EX1 1PR Tel 01392 680058 Fax 01392 426183