FORMER GARDEN NURSERY FOR SALE Lympstone

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1 FORMER GARDEN NURSERY FOR SALE Residential development site Former Nursery Church Road Devon EX8 5JU Approx Developable 1.5 acres (0.62 hectares) High quality desirable location Freehold interest for sale Subject to planning bids

2 grew from an ancient settlement on the eastern shores of the Exe Estuary. The village built it s reputation on agriculture and maritime trade. The village has 4 public houses, a well established primary school, village stores and a train service operating between Exeter and Exmouth. I has a very informative website.org and there is a long established sailing club together with many other and a wide selection of clubs and societies giving the village a great sense of its own identity. Site and Location The garden nursery site is located to the southern side of the village positioned on the left hand side entering the village along Church Road and is directly opposite Parish Church. The site sits within the Conservation area which comprises the early settlement connected with the port, mainly west of the railway, with most development either fronting or in short terraces or alleys running towards The Strand. Further inland there is a more open pattern of settlement including the school, the mill and House, with a large proportion of open space and some fine specimen trees. The nursery site lies centrally within this zone. Planning Over the last 5 years the nursery site has featured prominently within the Neighbourhood Plan, with the latest and most up to date plan issued incorporating Inspectors comments in December The Development Brief of the same year, commissioned by Parish Council as a supplementary planning document (SPD) to expand on the Local Development and Neighbourhood Plan Policy was intended to provide guidance to help ensure high quality sustainable residential development at the site.

3 Planning Cont... The western part of the Site has been identified and will be made available by the owners to the village of on a basis to be agreed. This land is required to maintain the views across the valley from the steps of St Mary s Church and a line of sight from the Parish Church to the Old Mill via a centrally located large Oak tree is to be retained as indicated on the aerial photoplan ( site line ). The southern part of the site is proposed as a formal village green area. Located within the northern portion is a proposed parking area for the Parish Church. The part of the site currently occupied by the former nursery buildings east of the site line has been identified as potential development land for residential use. Access to the developable land and the proposed church car park is provided by utilising the existing site access. The residential development arc is underlined and highlighted within the Neighbourhood Plan as a designated residential area within the whole site. The owners have progressed initial discussion with the planning authority as far as a pre-application meeting. Affordable Housing Provision In reference to the above land allocations, the current owners will work with the chosen developer to seek to maximise the development value of the developable residential area by committing to make available on a basis to be agreed through the planning process the proposed village green area (0.81 hectares) to the village of on the understanding that this is off-set against any affordable housing and other section 106 requirements on the site. The proposed village green and church car park takes up 0.81 hectares of the whole of the site, the residential area covering the remaining 0.60 hectares on a ratio of 60:40 in favour of the village amenities. It is anticipated that it should be limited to a day to day operational church and school car park with an occasional green overflow car park area for special occasions. A footpath connection to the village will be required just inside the roadside wall/fence. Method of Sale /Proposal Our clients are looking for developers to make conditional bids, subject to contract and planning for the developable part of the site excluding the village green area and a one metre wide strip down the eastern boundary (the hedge) (edged blue) and to provide information in respect of the proposed scheme, house design and site layout proposals and are keen to see a high quality of design sympathetic to this historic and sensitive village location. The bid should be based on the entire site being private. The land to be allocated as public open space, church car parking and amenity and visibility corridors as agreed with the authorities once the site parameters have been negotiated are excluded from the sale but will be committed by the owners on a basis to be agreed acceptable to the planning authority, the village, the developer and the owners. Miscellaneous - Vendors New House Requirement As part of the proposal the vendors would like to retain a plot for a 3/4 bedroom house in a location on site to be agreed. On completion the Vendors will enter into a contract with the developer to build a house on it. Tenure & Title The land is owned Freehold - title number DN137692, comprising a total acreage of 3.54 acres (1.43 hectares) land lying on the south side of Church Road, and includes the freehold land shown edged red on the plan. The right of way over the piece or strip of land known as Pigs Lane or Meadow Path, as hatched brown on the plan, will be excluded from the sale. To be excluded from the sale will be the right of way at all times and for all purposes in common with all other persons having that right over the piece or strip of `land known as Pigs Lane or Meadow Path as hatched brown on the plan.

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5 Local Authority The site falls within the jurisdiction of East Devon District Council. CIL The proposed residential development will be liable for CIL, with the appropriate rate being 125 per sq m of additional gross internal floor space. Guide Price Offers in excess of 1,350,000, subject to contract and planning. Further information A limited technical pack is available to interested parties via a drop box link. Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction Asbestos Regulations It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining it to comply with the Control of Asbestos Regulations 2012 (CAR 2012). The detection of asbestos and asbestos-related compounds is beyond the scope of Alder King and accordingly we recommend you obtain advice from a specialist source. VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the Sale price. We recommend that the prospective purchasers establish the implications before entering into any agreement. Subject to Contract Alder King LLP is a Limited Liability Partnership registered in England and Wales. No OC Registered Office: Pembroke House, 15 Pembroke Road, Clifton, Bristol, BS8 3BA. A list of all Members is available at the registered office. Viewing Arrangements For further information or to arrange an inspection, please contact the agents. The site can be viewed from church road. Alder King Property Consultants Endeavour House Pynes Hill Exeter EX2 5WH Scott Rossiter srossiter@alderking.com Important Notice These particulars do not constitute any offer of contract and although they are believed to be correct, their accuracy cannot be guaranteed and they are expressly excluded from any contract. Ref: CSR/JAS/84239 Date: August 2016

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