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For Sale As a Whole or in Parts
Mixed Use
Development
Opportunity
Residential, Healthcare
and Boatyard
Baltic Wharf
St Peter’s Quay
Totnes, Devon
TQ9 5EW
08449 02 03 04
2 Baltic Wharf
Highlights
Outline consented mixed use
development opportunity with
additional planning potential
and flexibility, and a trading,
thriving boat yard
Total site area available,
approx. 8.5ha (21.0 acres)
Remaining phases available
with outline consent for
11,700 sq. m. (125,938 sq. ft)
GEA of residential (95
dwellings), a 60 bed care
home and up to 80
independent living/extra care
apartments, 1.3ha boatyard
Scope to improve the
planning permission and
secure additional floor space/
storey height
Idyllic waterfront location and
access to the beautiful South
Devon Coastline.
Close proximity to Dartmoor
National Park
Walking distance of Totnes
town centre
Research demonstrates a
need for further elderly care
provision
30 miles south of Exeter
Baltic Wharf 3
Location
Totnes is a picturesque market town in Devon situated on the River Dart. Nestled in South
Devon’s Area of Outstanding Natural Beauty the town boasts an abundance of
independent shops and eateries popular with tourists and locals.
Less than 30 miles from Exeter and Plymouth, Totnes is known as a leading alternative
lifestyle centre being the home of the fast growing and now world-wide Transition Town
movement.
Baltic Wharf is situated in a previously industrial area 0.6 miles from the centre of Totnes,
directly on the River Dart. The high street, at the top of which sits Totnes Castle, is within
walking distance of the site at just under a mile away.
Easy access out of Totnes by road can be found in the A38 dual carriageway and a
mainline train station boasts regular trains running to Exeter and Plymouth (both 30 minutes),
Direct to London are approximately 3 hours and Bristol 1 hour 50. A local bus stop is situated
0.3m from the site with services to the town centre and beyond.
Our research shows that there is a strong need for further retirement housing within 5 miles of
this location, with an ever increasing elderly population.
Description
Baltic Wharf currently operates as a commercial boatyard with allied marine
undertakings, some light industrial and office tenants and storage facilities.
The scheme has a long and attractive frontage to the River Dart allowing for a premium
waterfront redevelopment of the majority, with the retention of the boatyard
consolidated at the southern end of the site.
The outline planning consent dated 2010* allows for 190 dwellings, 60 bed care home
and 80 assisted living units, as well as supporting café/restaurant use providing a total
GEA of 42,500 sq.m of new build, excluding the boatyard and marine workshop space.
Phase 1, Areas A and B, now completed by Bloor Homes (95 dwellings). The remaining
space for development that is offered for sale is as follows;
Up to 95 apartments and town houses, (under planning use class C3), on Area C on the
plan adjacent, with an affordable housing content of 15 units, approximately 11,700
sq.m (125,938 sq.ft).
Healthcare development comprising a 60 bed care home and 80 independent living
apartments of 16,000 sq.m (172,222 sq.ft) on Area D (planning use class C2); and;
Consolidation of the boatyard onto Area E, a public square with restaurants/retail
properties of 500 sq.m (5,382 sq.ft), Area F, and open amenity space of 4.5ha (11.1
acres) within Area G.
* includes amendment to application by Bloor which allows 3,000 sq.m more floor space.
All areas specified as GEA
4 Baltic Wharf
Revised Masterplan
In 2014 our client, in consultation with
the Local Planning Authority,
considered a revised masterplan to
increase the C3 residential content
(area C) and reduce the healthcare
content (area D).
Whilst not consented the masterplan
was broadly acceptable in planning
terms and indicates the flexibility in
design and content that this scheme
offers. The masterplan provides the
following:
AREA A/B
This phase is completed, with 95
bespoke homes, built by Bloor Homes
AREA C 2ha - 19,361 sq. m. GEA
This riverside phase comprises 127 new
homes (including 22 affordable units)
and 12 retirement apartments as an
option, and a public square with 600
sq. m. of restaurant and retail.
AREA D 0.7ha - 9,512 sq. m. GEA
The retirement village / continuing care
retirement community includes a 60
bed Care Home and 36 independent
living units, within a 3 storey building. As
highlighted above there is an option for
12 more independent living units in the
adjacent residential area.
The exact balance of residential and
independent living units is flexible and
subject to further discussion with the
Local Planning Authority.
AREA E 1.3ha
Consent to develop this area into a
new Marine Centre including 11,000 sq.
m. of boat storage area.
AREA F 4.5ha
This area to be landscape enhanced
with footpaths, amenity and play
spaces.
Baltic Wharf 5
6 Baltic Wharf
Planning
The site benefits from outline
planning permission (56/1939/10/O)
for a mixed use scheme comprising
1,720 sq. m. of B2 marine workshops,
1,600 sq. m. B1a offices / marine
uses, 11,000 sq. m. boat storage, 60
bed nursing home, 270 residential
units (consisting of 80 assisted living
units and 190 residential dwellings)
and 500 sq. m. of A1- A3 retail uses.
The first phase of development has
recently been completed by Bloor
Homes and includes 95 bespoke
homes. The balance of the total
residential and assisted living units to
be built is therefore 175 units.
Since the receipt of the outline
planning permission, the site owners
have made some minor changes to
the mix of dwellings proposed with
the overall numbers remaining
unchanged.
Current masterplan proposals show
this split as 127 residential units on
site C and 48 assisted living units on
sites C and D (12 on C, 36 on D).
Recent discussions with the local
planning authority suggest there is
scope for further significant
improvements in the density of
development with additional storey
heights and unit numbers possible.
Basis of sale
Avison Young has been instructed to
act in connection with the proposed
sale of Baltic Wharf as a whole or in
parts.
Our client will consider interest for the
whole or parts and discuss how
planning has positively moved on since
the grant of the outline consent to allow
a buyer considerable flexibility in
development.
Our client will also discuss continued
operation of the boatyard if required.
Offers invited on either an
unconditional sale or subject to
planning contract for bidders preferred
scheme and mix. Bidders should
provide the following information;
1. Full name and contact details of the
proposed purchaser;
2. Purchase Price;
3. Timescales for exchange and
completion, together with details of
board/funding approvals required;
4. Due diligence required pre-
exchange and timeline to complete;
5. Source and proof of funds;
6. Subject to planning offers should
provide details of the proposed
scheme, including plans and
assumptions made that support the
offer made.
VAT VAT is applicable to the sale price.
Guide price
Offers invited for parts or the whole.
Tenure
Freehold
Viewing arrangements
The site can be accessed via St Peter’s
Quay, there are no restrictions on
viewings.
Services The site benefits from mains gas,
electricity and water. A utilities report is
included within the suite of planning
documents that accompanies the
outline planning permission and is
available within our marketing data
room.
We recommend that prospective
purchasers satisfy themselves in respect
of the location and capacity of
services for their individual scheme
proposals.
Supporting Information We have assembled a range of
supporting information associated
with the property including planning
information, surveys, site Design
Code, masterplan and proposed
schedule of accommodation.
This information is available via the
online data room at:
http://balticwharf.gva.co.uk/
Registration will be required to view
the relevant documents.
Bidders are expected to have
reviewed the information available
in the data room prior to submitting
their bid.
Contacts:
All enquiries should be sent to Avison
Young, contact details on back
page.
Baltic Wharf 7
Avison Young
65 Gresham Street, London EC2V 7NQ Avison Young is the trading name of GVA Grimley Limited. © 2019 GVA Grimley Limited
Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property
whose agent Avison Young is )in this brochure is provided on the following conditions:
(1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an
offer or contract, or part of an offer or contract.
(2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any
other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should
not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.
(3) No person in the employment of Avison Young, or any joint agents, has any authority to make or give any representation or warranty
whatsoever in relation to the property or properties in this brochure.
(4) All prices quoted are exclusive of VAT.
(5) Avison Young shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the
brochure which were prepared solely by third parties, and not by Avison Young.
For further information
please contact:
Charlotte Brierley
Associate, Health
+44(0) 20 7911 2778
+44(0) 7779 797 129
Iain Lock
Managing Director—Health
+44(0) 20 7911 2603
+44(0) 7831 514 676
Daniel Rich
Senior Surveyor
+44(0) 117 988 5332
+44(0) 774 623 074
Gordon Isgrove
Managing Director—Bristol
+44(0) 117 988 5304
+44(0) 7876 132233
February 2019
