Substantial Residential Re-development site of approx. 1.1 Acres sold in Teignmouth South Devon
We are delighted to confirm that hot on the heels of a large Commercial Investment sale in the South Hams last month we have now completed the sale of a substantial Residential Re-development site in the centre of Teignmouth off of a guide price of £1.25 million.
The property is a substantial site in an elevated location on the edge of the town, and enjoying good views over the Town and the sea from the upper floors. The premises comprise 2 large buildings, the first being a former Residential Care Home which has most recently traded as a busy and successful Children’s Nursery, and a beautiful 7 bedroom detached Victorian Villa in its own gardens adjoining. To the rear of both properties is a large level area of land currently used as a staff car park for the adjoining Private School, but with potential for future development. In all the site totalled approximately 1.1 acres.
The sale has been completed to a Regional Developer who intends to submit a planning application for the redevelopment of the former Nursing Home and Car Park area, leaving the Old Headmasters House for refurbishment and sale.
Tony Noon confirmed that we had a good level of interest and were able to secure a sale on an unconditional basis. If you have a site which you think has Residential development opportunities, please contact us and we would be happy to offer some initial confidential advice without obligation. Tony Noon can be contacted on 01392 691007.