A Prime 2.5-acre Exeter City Development Site

Exeter, Devon

£1,995,000 Freehold
Gipsy Hill HotelGipsy Hill LaneExeterDevonEX1 3RNView Map

A fantastic development opportunity, currently a large 37-bedroom hotel complex, has now come to the market comprising of approx. 2.5 acres situated in Monkerton, a desirable residential area on the outskirts of the city of Exeter, Devon. With good vehicle and pedestrian access to the site, there are three large buildings together with level landscaped gardens and substantial car park. The property is within a minute’s drive to all main road links including the M5 motorway. A sale subject to planning will be considered and early viewings are highly recommended.

Exeter has long been a very sought-after city for both commercial and for relocation purposes and is surrounded by beautiful countryside and stunning coastal beaches nearby. Within minutes’ drive from this site is the Exeter city centre, mainline railway with direct Paddington connection, M5 motorway and Exeter International airport connecting daily to London and beyond.

PLANNING

The site benefits from C1 usage and the site was part of the 2010 Monkerton and Hill Barton Masterplan.

(we the agents feel this brown field site would be ideal for a residential scheme or a larger hotel development)

BUILDINGS

There are two garages and three main buildings as follows

Hotel

Coach House

Bungalow

SERVICES

Mains gas, electricity water, broadband and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.

FIXTURES AND FITTINGS

Depending on the requirements and negotiation, the hotel can be sold inclusive or with vacant possession of all trade fixtures and fittings.

BUSINESS RATES

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk (currently the property is fully exempt from business rates because of small business rates relief)

TENURE

Freehold

VIEWINGS.

All viewings and enquiries are to be made through the agents, Ware Commercial.

TEL. 01803 328880 or 01392 462266 Email. [email protected]   www.warecommercial.com

 

Misrepresentation Act

Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.