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Off Malew Road, Castletown, Isle Of Man

£1,000,000
Plum Properties, Isle of Man
PROPERTY TYPE

Plot

SIZE

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Key features

  • Prime 2 Acre Development Plot
  • Planning Permission Granted
  • 3 x 4,000 Square Feet Properties
  • Executive Family Homes
  • Excellent Castletown Location
  • Close Proximity to Private Schools & Airport
  • Development Finance Available
  • Potential Joint Venture Opportunity
  • Potential to Acquire an Individual plot
  • Other Sites of Various Sizes & Locations Available

Description

A prime 2 acre development plot with planning permission granted to construct three executive 4,000 square feet detached properties, with garaging in a semi rural location, yet within close proximity of the Island's private schools and the airport.

There is an option for development finance to be provided on a joint venture basis, subject to terms and contract.

A further opportunity to acquire an individual plot for those seeking to self build.

Additional building plots of various sizes are available across the Island on similar terms.

Summary - A prime 2 acre development plot with planning permission granted to construct three executive 4,000 square feet detached properties, with garaging in a semi rural location, yet within close proximity of the Island's private schools and the airport.

There is an option for development finance to be provided on a joint venture basis, subject to terms and contract.

A further opportunity to acquire an individual plot for those seeking to self build.

Additional building plots of various sizes are available across the Island on similar terms.

The Opportunity - A rare opportunity to develop a prime site to create three luxury properties on the outskirts of Castletown,.

Known as the Ancient Capital of Mann, and home to the original Manx Parliament, Castletown is an historic town steeped in history and tradition, yet now houses quality restaurants, pubs & bars and other amenities. With Douglas within reach within 20 minutes, easy access to schools including the Island's only private primary and secondary schools as well as being home to the airport all being a couple of minutes drive from the site, makes Castletown a popular destination for families.

The site itself stretches to two acres in total, although part of the site cannot be used to develop property due to its proximity to the flight path fro the airport. Planning permission has been granted under reference 15/00823/B which permits the development of three executive properties each stretching to approximately 4,000 square feet sat within extremely generous individual plot sizes. Further details of the planning granted can be found on the Isle of Man Governments Planning site.

Rather uniquely the owner is willing to consider providing development finance for a joint venture arrangement with a developer for the entire site, subject to terms and contract.

Whilst the site is listed for sale as a whole, there is the potential to split the site into individual plots for sale, starting at an asking price of £375,000. If the plots are sold individually the current owner will include the initial infrastructure, services and shared roadway at his own expense.

The owner has further development sites of different sizes and various locations across the Island, and is willing to discuss options with developers to either sell these sites outright, or through a joint venture arrangement, whereby development finance may be provided.

For further information or to register your interest please call Jamie Sutton, Director of Plum Properties on or email

Directions - From the Airport, travel in a southerly direction towards Castletown in the direction of the by-pass. Take the second exit at each roundabout until reaching the traffic lights. Take a right turn and continue for a short distance, taking the lane immediately prior to reaching Castletown Football Club, and the development site can be found on the left hand side a short distance up the lane.

Brochures

Off Malew Road, Castletown, Isle Of ManBrochure

Off Malew Road, Castletown, Isle Of Man

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Nethertown Station51.4 miles
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About the agent

Plum Properties, Isle of Man

14 Tynwald Street, Douglas Isle Of Man, IM1 1BG

Plum Properties, Isle of Man

We are a fully licensed online focused Isle of Man Estate Agency. Whether marketing and selling your property, helping you find your dream home or letting and managing your property, our focus is on delivering the best service and experience that we can in a cost effective way ensuring that you are receiving value for your money.

We do this by utilising state of the art marketing techniques including targeted online advertising through multiple mediums and platforms to ensure your prope

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Notes

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Disclaimer - Property reference 32253156. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Plum Properties, Isle of Man. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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