7th May 2014
Alder King markets Devon coastal site with residential or leisure potential
Acting on the instructions of Eddisons, property consultants Alder King are marketing a 1.37 acre (0.55 hectares) residential development site with spectacular sea views at Westward Ho! in Devon.
The site on Merley Road has an existing planning consent for the development of 30 apartments and 11 new buildings set amongst landscaped lawns with sea and coastal views and is being offered at £900,000, subject to contract.
Scott Rossiter, partner in Alder King’s Exeter office who specialises in residential development land, says: “The existing planning consent was won on appeal and could potentially be altered to suit a developer’s bespoke requirements.
“The site should be of interest to the retirement market and would also be suitable as a second home location or potentially for the creation of a residential letting investment benefiting from a year round holiday rental income.”
The site could also generate a significant income from the location of static vans and holiday lodges given its proximity to the coast and the expanding Westward Ho! area.