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Collaton St Mary Residential Development, 76b Totnes Road, Beechdown Park

For sale: POA|45.53 Acre|Residential

Property details

FOR SALEPOA
SIZE45.53 Acre
ADDRESSCollaton St Mary Residential Development, 76b Totnes Road, Beechdown Park, Paignton, TQ4 7PS
TYPEResidential
TENUREFor Sale Freehold
POSTED ON9th July 2021

Description

Key Points

  • Approximately 18.42 hectares (45.53 acres)
  • Allocated for development in the adopted Torbay Local Plan and Collaton St Mary Masterplan.
  • Potential for approximately 300 residential units.New key point...
  • Planning permission granted for access road, junction with Totnes Road and demolition of existing farm buildings.
  • The site received grant funding (approximately £850,000 remaining) from the Land Release Fund which is available as a contribution towards site works and surveys.
  • Funding set aside for Section 106 works relating to offsite flood attenuation scheme within Collaton St Mary village
  • 0 hectares of land on an adjacent site for ecology mitigation and offsetting.
  • The purchaser shall be required to deliver 30% of the proposed scheme as affordable housing.
  • The successful developer will need to enter into affordable housing transfer document with TorVista homes or another nominated Registered Provider by Council.
  • Summary

    Residential Development Opportunity

    Description

    The site is located to the south of Totnes Road (A385) within the village of Collaton St Mary. The village is a key arrival point into Torbay, amenities include a public house, church, school and BMW car dealership. Collaton St Mary lies approximately 5 miles to the south west of Torquay, 2 miles west of Paignton and 25 miles south of Exeter. The site comprises a former farm. The buildings were vacated in c. 2005 and the fields vacated in February 2019. It extends to approximately 18.42 hectares (45.53 acres) and rises up towards the south. Boundaries are defined by trees and mature hedgerows. The site is bordered by a mixture of residential dwellings and fields to the north, east and west and by open fields to the south.

    Location

    Torbay, known as the English Riviera, comprises three towns: Torquay, Paignton, and Brixham. With 22 miles of coastline and 48% of its land area being countryside or with an important landscape designation, it is one of the country’s top 10 visitor destinations welcoming 4.5m visitors every year. Torbay has a population of c.135,000 and has an increasingly skilled workforce; increasing numbers of small and micro businesses; and a large catchment population. The recent £110m investment in the A380 South Devon link road, directly connecting Torbay with the M5 at Exeter, has significantly reduced travel times locally and regionally making the Torbay area an increasingly attractive place to live and work with improving the connections to national and international markets. The site is located within the Paignton area of Torbay. The land at Little Blagdon Farm was transferred from Devon County Council to Torbay Council upon Torbay Council becoming a Unitary Authority on 1 April 1998.

    Terms

    Tender Submission date & time: Friday 4 December 2020 at 12:00 Noon n Bids will be assessed using a single criteria: Price n The Council requires that a 10% non-refundable deposit shall be payable upon exchange of contracts. n The contract allows for a 12 month period to obtain full planning consent, at which point the purchaser will be obliged to pay the balance. The purchaser can waive this option and complete the purchase at any point. n Tenderers are required to register their interest and submit formal tenders by accessing the e-tendering portal ( www.supplyingthesouthwest.org.uk ), selecting opportunity ID: DN504607 (Sale of Freehold Land at Little Blagdon Farm) and completing the on-line tender form.

    Location

    marker
    Location: Collaton St Mary Residential Development, 76b Totnes Road, Beechdown Park, Paignton, TQ4 7PS

    Paignton (2.1 miles)

    Totnes (3.4 miles)

    Torquay (3.8 miles)

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