Land for sale in Off Malew Road, Castletown, Isle Of Man IM9

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.