Contemporary New Build Property
Ready for First Fix January 23
Will be Fully Water Tight with Roof Completed and Windows installed
Substantial Family Home Stretching to Over 3,000 Square Feet
Opportunity to Extend by Further 1,500 Square Feet plus Garaging
Highly Desirable Green and Leafy Douglas Location
Within Walking Distance of Amenities
Easy Access for Installation of Services
Suitable for Cash Buyer
Further Opportunity to Acquire Neighbouring Property
SUMMARY The Keep presents a rare opportunity to acquire an attractive development opportunity with full planning permission to create a substantial and contemporary property stretching to over 3,000 square feet. It has already been part developed, and at the start of next year is scheduled to be ready for first fix installation, meaning that the property will be fully water tight, with roof, windows, doors and bi-folds all expected to be in place.
This takes away a number of the risks of developing a new property, yet presents the opportunity to internally design the layout and final design of the property as well as external finishings.
Depending upon the chosen specification, it is anticipated the costs to complete the property will cost in the region of £150,000 to £200,000, and is priced to sell at a competitive £395,000.
The Keep is a timber framed property providing sustainable benefits, and situated on a 0.2 acre plot, located in a sought after green and leafy no through road, providing a quiet and peaceful location, yet Central Douglas is within easy reach on foot.
At the time of listing, the bedroom block has been constructed, with the frame in place, windows installed and roof fitted. The concrete has been poured for the Lower Ground Floor, with works set to continue on the development of the two storey living accommodation and landscaping, scheduled to complete January 23. The Keep will at this point be ready for the services to be installed, and for the first fix works to commence, and is when the change ownership of the property will take place.
Subject to obtaining the relevant planning consents, The Keep has been structurally engineered to accommodate a second floor extension increasing the living accommodation to approximately 4,500 square feet. In addition, and again subject to obtaining planning consent, there is an option to build expansive two storey garaging with parking/storage on the lower floor and further accommodation on the upper floor.
Due to its unfinished nature, The Keep is suitable for cash buyers only.
There is the potential for the current owner to fully complete The Keep to the specification of applicants for a guide price of £895,000.
Viewings are strictly by appointment with Plum Properties. As this is an active building site, please do not attempt to enter the site unaccompanied and without a confirmed appointment.
ADDITIONAL INFORMATION – Part Complete Contemporary New Build Property
– Desirable Quiet and Leafy Douglas Location
– Situated on Diverse No Through Road
– Opportunity to Extend Further Subject to Planning Consent
– Potential for the Current Developer to Complete the Property to Specification for Guide Price of £895,000
– Neighbouring Refurbished Family Property Available for Sale
ADDITIONAL OPPORTUNITY By separate negotiation there is the opportunity to acquire the neighbouring newly developed 4 bed/3 bath detached property, Rotherwood currently listed for sale at an asking price of £626,750.
Full details of Rotherwood can be found https://plumproperties.im/property/103433000420.
The opportunity to acquire both Rotherwood and The Keep together may suit families seeking to live in a quality modern property whilst they develop their ideal contemporary property to their own specifications, or alternatively families seeking neighbouring properties for multi generational living.
DIRECTIONS Travelling out of Douglas on Circular Road in a westerly direction, continue through the Brown Bobby traffic lights taking the first right turning to travel up Belmont Hill, before taking the first right turning onto Belmont Road where The Keep can be found after travelling a short distance on the right hand side.
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