New Listing

Devon

3913/Exeter

Substantial Offers Invited Freehold

Exclusive, important and substantial Park Home Estate in the ocean city of Plymouth with 269 Residential Homes set against the natural tranquillity of 49 acres of partly oak woodland enjoying views of the rolling Plym Valley

  • Renowned location just a few miles from Plymouth city centre and the dramatic sea front including The Barbican and The Hoe
  • Set in 49 acres of terraced woodland with luxurious Park Homes carefully sited to create a peaceful retirement community
  • Licensed for 269 Park Homes – over 50s community
  • Occupied with 253 fee-paying residents and 16 vacant/stock homes (approx.)
  • Sales reception offices and arrivals area
  • Management hub including 2 full time office/operations team and local sub-contractors
  • Core rent roll in excess of £360,000 per annum (net)
  • Regular churn of new and pre-owned Park Homes in the £200K (new) to £140K price bracket (approx.)
  • Substantial mature business with an active policy of upgrading existing homes in the cycle of siting new luxury Park Homes or refurbished units