Bear Street, Barnstaple, EX32

This listing describes a significant period building with approved planning consent to convert it into six large, luxury apartments. Additionally, there is planning permission for three spacious 3-bedroom townhouses with parking, gardens, and communal areas. The property offers strong development potential with an excellent Gross Development Value (GDV). It is located near town with utilities in place for the new houses.

The sale is by informal tender, with all bids due to Phillips Smith & Dunn by noon on November 15, 2024. Full details of the plans are available on the North Devon planning portal under application number 78095.

An attractive and substantial period building with full planning consent to convert to 6 large, light and airy, luxury apartments. With further planning in the grounds for 3 spacious, 3 bedroom town houses and associated parking, garden, grounds and communal areas. The property offers an exemplary development opportunity with excellent GDV (Gross Development Value) potential. There is good access in a close to town location with all the utilities on site for the new 3 houses. For more information please contact Phillips Smith & Dunn, the sole selling agents. Method of sale is informal tender all bids must be submitted to the sole selling agent Phillips Smith & Dunn of Alliance House, Cross Street , Barnstaple, EX31 1BA by noon on the 15th of November 2024. For more information on this method of sale please contact the Barnstaple team.The full plans can reviewed on the North Devon planning portal using the application number of 78095. https://planning.northdevon.gov.uk/Planning/Display/78095'Elmfield' is still lathered in charm, features and character details and is a huge property destined for its new lease of life. With a further development of 3 individual 3 bedroom properties also on site this creates an interesting and diverse development opportunity. One not to be missed, contact our team to discuss this opportunity further.Barnstaple is a historic market town with a population of approximately 32,000 people. The town is a hub for shopping and services, featuring a blend of modern amenities including supermarkets, independent shops, cafes, and restaurants. It has excellent transport links with easy access to the Tarka Line rail service and main roads leading to other parts of Devon.For activities, Barnstaple offers a variety of leisure options. The Tarka Trail, a popular cycling and walking route, passes through the town, providing scenic views of the River Taw and surrounding countryside. There s also Rock Park for those seeking outdoor relaxation. For entertainment, visitors and locals can enjoy live performances at the Queen s Theatre or explore local history at the Museum of Barnstaple and North Devon. The town also has a vibrant sports scene with facilities for swimming, tennis, football and rugby.The surrounding area offers stunning landscapes, from the rugged North Devon coastline with sandy beaches like Saunton Sands and Croyde Bay, to the rolling hills of Exmoor National Park, just a short drive away. These natural areas are ideal for hiking, surfing, and wildlife watching. Barnstaple's location makes it a convenient base for exploring the region s natural beauty while enjoying the comforts of a well-serviced town.

The property approaches about 4,000 square foot with some conversion and development the whole property is utilised for the 6 apartments. The sale is FREEHOLD. The land equates to approximately 0.25 acres and the seller has cleared the boundary for identification. Viewings are strictly with the sole selling agent, Phillips Smith & Dunn. Local Authority is North Devon Council PO Box 379. Barnstaple EX32 2GRAny bids made prior to the tender will be put forward to the seller but the seller is not obligated to accept any bid up until or on the day of the tender.