A once in a generation opportunity to acquire a parcel of land with stunning views and within walking distance of Sidmouth.The land at Redwood Road extends in excess of 14.5 Acres. It has been in the same family for 50 years. The land also benefits from a small annual income generated by the Telephone Mast installation which is leased to Mercury Personal Communications Limited & MEDIA ONE PCN Inc with annual rental income of 3,500.00.The land was rejected when put forward as part of the Local Plan 2020-2040 and as such any potential development opportunities are unknown.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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