Land (commercial) for sale

£195,000 Guide Price

Floorplan

DESCRIPTION The land comprise two parcels of lightly grazed pasture with some outstanding views. Extending to some 13.37 acres (5.41 hectares) and down to permanent grassland, is steep in parts but with good access of Neadon Lane on the edge of Bridford.


LOCATION The land sits on the edge of the Teign Valley village of Bridford, approximately 1.5 miles from the village centre. Set within the Dartmoor National Park and the popular Teign Valley, the area is best known for its striking granite tors, steep wooded river valleys and heather covered moorland, offering a wide selection of recreational opportunities such as walking, cycling, riding and fishing on the River Dart and River Teign.

Exeter St Davids train station has direct links to London Paddington. There is also an international airport in Exeter. The A38 (Devon Expressway) provides good access to Plymouth, Exeter and the M5 motorway network. The A30 offers easy access to Okehampton and Cornwall.

DIRECTIONS From Exeter take the B3212 for Moretonhampstead, through the village of Longdown for approximately 4.5 miles, taking the next left turn for Chudleigh, Bridford, Christow (B3193). After 1.5 miles turn right at the T Junction for Moretonhampstead and almost immediately turn left onto Neadon Road. Continue for just over half a mile and the entrance to the land will be found on your left.

What3Words - ///clean.poorly.inviting

SERVICES We understand that water can be supplied by way of a shared supply with the installation of a check meter. The costs to be borne by the purchasers.

TENURE The land is being offered for sale on a freehold basis with vacant possession on completion.

LOCAL AUTHORITY Teignbridge District Council, Ford House, Brunel Road, Newton Abbot, TQ12 4XX Telephone: ,
Dartmoor National Park Authority, Parke, Bovey Tracey, Newton Abbot, TQ13 9JQ Telephone .

VIEWINGS At any time with these details to hand during daylight hours. Please take care as the land is steep in parts. Please telephone us prior to visiting the land to confirm your interest and to check that it is still available for sale. If there are important matters which are likely to effect to your decision to buy please contact us prior to viewing the land. We advise you check availability and make an appointment to view before travelling. Prior to a sale being agreed and solicitors instructed prospective purchasers will be required to produce identification documents to comply with Money Laundering Regulations.

PLANS SCHEDULES, PARTICULARS, ETC The information contained with in these particulars is produced for the convenience of prospective purchasers and their accuracy is therefore in no way guaranteed. The plan included within these sales particulars has been taken from the ordinance survey and is for identification purposes only. Please note the plan is not to scale.

The purchaser will be deemed to have satisfied themselves as to the quantity, quality and otherwise any other error, omission or miss statement shall not annul the sale no entitle either party to compensation no in any circumstances give grounds for any action at law.

EASEMENTS, WAYLEAVES AND RIGHTS OF WAY The property is sold subject to and with the benefit of all matters contained in or referred to in the Property Charges Register of the registered title, together with all Rights of Way, Wayleaves, Rights or Easements, whether public or private, which exist at the time of sale whether they are mentioned in these particulars or not.

STEWARDSHIP SCHEMES The land is not registered under the Rural Payment Agencys Basic Payment Scheme and no entitlements are included and the land is not currently entered into any Stewardship Schemes.

SPORTING AND MINERAL RIGHTS All sporting and mineral rights are included in the sale, as far as are known.

GENERALLY Sawdye and Harris for themselves and for the vendors of this property, whose agents they are give notice that: -
1. The particulars do not constitute an offer of a contract or any part of an offer of a contract.
2. All statements contained within these particulars as to the property are made without responsibility on the part of the agents or of the Vendors.
3. None of the statements contained in these particulars as the property are to be relied upon as statements or representation of fact.
4. Any intending purchaser must satisfy him/her/themselves by inspecting or otherwise as to the correctness of each of the statement contained in these particulars.
5. The vendor does not make or give and neither the agents nor any person in their employment has any authority to make or give any representation or warranty in relation to the property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 153825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 7575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message