Property · EX2 5AQ
Under offerListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Approx 5.75 acres (2.37 hectares) Could suit a variety of business or recreation uses Generous parking area Guide Price £580,000 The property is situated in Ludwell Valley Park, a designated protected Landscape Setting on the eastern side of the city.
The Park extends to approximately 50 hectares (123 acres) and according to Devon Wildlife Trust, which manages the public spaces, it is a working farm managed in a way that is sympathetic to supporting the environment.
The Trust says "The valley is a real wildlife haven.
Harvest mice nest in the fields, whitethroats and blackcaps skulk in the hedgerows and orange-tip and painted lady butterflies feed on the wildflowers".
Within the Park there are a number of walks and trails which are popular with walkers, joggers and cyclists. Fernleigh is privately owned and there are no public access rights.
Fernleigh is approached via a private driveway which it shares with the four houses. There is a generous parking area which is primarily surfaced in tarmacadam.
The former nursery buildings comprise a range of basic storage buildings, a double garage, stabling and a large commercial greenhouse.
The double garage, workshop and greenhouse require some repairs, and modernisation, but could be brought back into beneficial use quite quickly.
A purchaser may wish to consider the replacement of some of the older units.
It may be possible for the stable blocks to be utilised again once the external hardstanding and yard areas have been reinstated.
There are two fields which surround the buildings and could provide scope for a range of recreational uses including horticulture, equine livery, canine accommodation and associated facilities such as enclosed exercise areas and agility uses.
The site is south facing and slopes from north to south, with Ludwell Lane running along its southern boundary.
The larger of the two fields extends to approximately 3.61 acres (1.46 hectares) has stabling adjacent and a field shelter constructed within it.
The field within which the commercial greenhouse is situated extends to approximately 1.6 acres (0.64 hectares).
Mains electricity is available to the site, but it is not currently connected to the buildings.
Redundant electrical fuseboards and fittings indicate electricity has been connected to some of the units in the past. Mains water is connected to the site.
Private drainage would need to be installed. There is no mains gas available. The property was previously used as a horticultural nursery.
The current owners have developed four houses at the front of the site, and they been denied planning consent for any further residential development or conversion of the existing buildings due to its location within Ludwell Valley Park.
The property has been used for commercial purposes in the past, and it is believed that the property could suit a variety of business or recreational uses, subject to the appropriate planning permission being obtained.
The property is not elected for VAT. All inspections must be accompanied, and arrangements can be made with the agents.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
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Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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Area
Agent & docs
FAQ
About Fernleigh Nurseries, Ludwell Lane, Ludwell Valley, Exeter, Devon, EX2 5AQ
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