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Lot 1 - The Garden Sports and Leisure Club, 10 Antony Road, Torpoint, Cornwall, PL11 2JW

Guide Price* £295,000 +

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Property Type
Residential Development
Tenure
Freehold
Type
Land
Bidder Security Deposit
£3,500*

Property Summary

  • Freehold Development Site
  • Planning permission for 26 residential units and remodelled/refurbished leisure facilities
  • Mix of 1 & 2 bedroom units (4 x 1 bedroom & 22 x 2 bedrooms)
  • Excellent location with panoramic views across the River Tamar
  • Full Vacant Possession

Freehold development site with planning permission for 26 residential units, with remodelled / refurbished leisure facilities – Full vacant possession.

Description

Rectangular shaped site with direct road frontage onto Antony Road, adjacent to an Esso petrol station and Sainsburys, with planning permission for 26 residential units (4 x 1 bedroom & 22 x 2 bedrooms) and remodelled / refurbished leisure facilities. Many of the units benefit from panoramic views across the River Tamar and towards Plymouth. With the majority of the 2-bedroom units having either a terrace or balcony.

Location

Torpoint is a town located in Cornwall on the eastern bank of the River Tamar and serves as a gateway to the beautiful Rame Peninsular which benefits from coastal walks and beaches. Torpoint has a range of shops, cafes and pubs, and includes a direct link via a vehicular and pedestrian ferry service to the city of Plymouth. The site is situated on Antony Road adjacent to the Esso petrol station.

Planning

Planning permission has been granted by Cornwall Council on the 14/7/2022 (Ref: PA22/03562) for the redevelopment of “The Garden Sports and Leisure Club” to include the demolition of the existing swimming pool, squash courts, reception area, and adjacent council owned public conveniences, to be replaced by 26 residential units (4 x 1 bedroom & 22 x 2 bedrooms), new reception area, remodelled/refurbished leisure facilities and new integrated public toilet facilities with conditions.

Copies of the full plans, planning permission and building regulations are available to download within the legal documentation.

Note:
We are advised that the current owner has had the site cleared with partial demolition works having already been undertaken and we understand that there is a CIL payment of £3,325.22 to be paid. Copies of the commencement works including building regulations are available upon request. The vendor has entered into a tripartite agreement with Cornwall Council and Torpoint Town Council for the demolition and replacement of the public conveniences (currently comprised within title CL240259); the agreement provides for the freehold to be transferred by Cornwall Council to the vendor for £15,000 (of which, £1,500 has already been paid by way of a deposit) upon practical completion of the replacement facilities and for the simultaneous grant of a long leasehold interest of those facilities to Torpoint Town Council. The Vendor will arrange for the tripartite agreement to be assigned and completion of the purchase of this Lot will be conditional on such assignment. We are advised by the vendors that the Mains for incoming contractors electric supplied to approved site box, with site meter and is all live ready for contractors on site.

Local Authority – Cornwall Council Tel: 0300 123 4151 – www.cornwall.gov.uk

VAT

VAT is not applicable to this lot

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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Office Contact

Dominic Smith
07999023451
SW Property Auctions,
4th floor,
87-88 Bartholomew Close,
London,
EC1A 7BL

Joint Agent

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Sanderson Weatherall
Mark Slade DipSurv
07771 727819

Joint Agent

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Lang Town & Country
James Clarke MNAEA
01752 278 499

Vendors Solicitor

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Wolferstans Solicitors
Arash Dinari
01752 292 323