Former Care Home for Development

A substantial and versatile former care home offering considerable development potential. Suitable for a variety of alternative uses, subject to any necessary planning consents. Could be reinstated as a care home – all core infrastructure and fixtures remain in situ. Occupying a commanding position set back from Boringdon Road in the established residential suburb of Plympton, the property provides an exceptional opportunity for developers, investors and operators. The property is understood to have originated as a pair of semi-detached Victorian dwellings, with evidence of their existence on local mapping from 1884–1905. The two dwellings were subsequently combined and extensively altered and extended during the 1990s, when the property was converted into a residential care home. A further addition to the north-west corner was completed circa 1996. The building is not listed and falls outside the Plympton St Maurice Conservation Area. The property is offered with what is widely regarded as a virtual freehold interest, held by way of a 999-year leasehold title (DN537743) expiring 11 June 3005, with the freehold vested in DGM London Road Limited (DN371941). The lease appears to be exceptionally permissive in nature. Based on a review of its terms, there is no restriction on use other than in accordance with the title to the property, and the freeholder does not appear to require consent for alterations, structural works, redevelopment or change of use. The lease also appears to be silent on demolition, suggesting no leasehold restriction in that regard, subject always to the necessary statutory and planning consents. Assignment, subletting and mortgage are unrestricted, with only a modest administrative notice and registration requirement. The freeholder's covenants include quiet enjoyment, providing the leaseholder with a strong assurance of undisturbed occupation throughout the term. Prospective purchasers are strongly advised to instruct a suitably qualified solicitor to review the lease in full and satisfy themselves as to the extent, nature and any limitations of the leasehold title prior to exchange of contracts.