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Two Mile Oak, Newton Abbot, Devon, TQ12
Offers in excess of £300,000 | 3 bedrooms | 5.0 acres

Property features

• For sale by Public Auction on Wednesday 15th November at 12 noon, unless sold prior
• In need of complete modernisation or replacement with over 5 acres of land on the outskirts of Abbotskerswell.

SOLD BY STAGS TOTNES. For sale by Public Auction on Wednesday 15th November at 12 noon, unless sold prior. A property in need of complete modernisation or replacement with over 5 acres of land on the outskirts of Abbotskerswell. EPC Band G
 
SITUATION
Great Castors is conveniently located equidistant between the pretty villages of Ipplepen and Abbotskerswell the latter of which benefits from a strong community atmosphere, having a lively Emporium and Coffee House.
 
It also has a General Store catering for most day-to-day needs, a highly regarded primary school and many sporting activities, including cricket, football, bowls, etc.
 
Each September, the village hosts Abbfest - the Abbotskerswell Food & Beer Festival, with appearances by many celebrated breweries, purveyors and professional chefs.
 
Approximately 1 mile away is the A381/Totnes Road, providing speedy access to the medieval town of Totnes and the bustling market town of Newton Abbot - with its comprehensive shopping and schooling facilities.
 
Newton Abbot boasts a main line railway station and there are plenty of golf courses within the area. The A380 is a short drive providing speedy access to Exeter City centre.
 

DESCRIPTION
Approached from a private drive from the main A381 Totnes to Newton Abbot road to a large parking and turning area to the side and front of the property. There is a 5-bar gate which leads through to the small paddock at the rear of the property.
 
Great Castors is of brick construction under a tiled roof which requires complete renovation. It is very likely that the successful purchaser will demolish the property and replace with an existing dwelling, subject to the necessary planning consents. This therefore offers an excellent opportunity for someone to build a family home with a good amount of land.
 
The current footprint of the property is shown on the attached floorplans of the property, showing a square footage of 1345 sq ft. We assume the planners will allow this area to be redeveloped.
 
There is a former area of paddock which has now become overgrown with woodland and can be accessed from a small pedestrian gate behind one of the derelict outbuildings. Clearly, this area of land could benefit from being improved if required by the purchaser.
 

UPLIFT CLAUSE
It is obvious that the new owner will look to improve the property and therefore the vendors will not be placing a development uplift clause over a replacement single dwelling. If, however, there are a number of residential dwellings built on the site, then an uplift of 25% of the improvement of value over a 10 year period, will apply. Further information is available from the selling agents.
 

METHOD OF SALE
The property is to be offered for sale by Public Auction on Wednesday 15th November at 12 noon, unless sold prior to be held at The Royal Seven Stars, Totnes, TQ9 5DD. The property will be sold subject to an undisclosed reserve and the vendor/s reserves the right for the auctioneer to bid in the usual way on their behalf up to the reserve. The vendors also reserve the right to sell all or part of the property prior to the auction.
 
Under Money Laundering Regulations 2017, it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at an auction, therefore there will be a requirement for the bidder to provide two forms of identification consisting of photo identification, such as a passport or current driving licence and secondly proof of address, such as a recent utility bill or bank statement.
 

SELLERS SOLICITORS AND AUCTION PACK
For further details please contact Bruce Weir, Porter Dodson Commercial Property Department, The Quad, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX, Direct Line: 01823 625842 and email: bruce.weir@porterdodson.co.uk
 

SERVICES
Mains water, electricity. We assume there is a private sewerage system.
 

LOCAL AUTHORITY
Teignbridge District Council, Forde House, Brunel Road, Newton Abbot, Devon, TQ12 4XX. Tel: 01626 361101. E-mail: info@teignbridge.gov.uk.
 

VIEWING
Strictly by prior appointment with Stags Totnes property office on 01803 865454
 

DIRECTIONS
From Totnes proceed on the A381 towards Newton Abbot, passing Ipplepen on your left and the garage on your right. Continue passing Two Mile Oak public house, slowing down and you will see a tucked away private drive on the left hand side just before the Abbotskerswell cricket pitch.
 

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