Kingskerswell Alliance – Fact Sheet 2

Property Development

Source of information:

Kingskerswell Bypass Economic Impact Study Final Report.

February 2002.

Section 5 – Property review.

Authors: SQW Ltd, Economic Development Consultants

BBP Regeneration, Property development specialists.

FACT - 5.43 states eight sites have been identified as “potential main development areas” across Torbay, Kingskerswell and Newton Abbot.

FACT - 5.45 states “We have had to look beyond the land which is currently allocated for development in existing and emerging Local Plans at what could potentially be developed…..”

FACT - Table 5.1 identifies the following Net gains in land suitable for development with the bypass:

· Potential employment land development: 38.1 ha.

· Potential housing land development 18.1 ha – of which 7.5 ha falls to Kingskerswell.

FACT - 5.51 states “Following the advice of Devon County Council, as Highway Authority, the District Council has restricted significant property development in Kingskerswell until the bypass is built.”

FACT - 5.53 states “Once the bypass is built, accessibility to Kingskerswell would be transformed. The improved accessibility, coupled with attractive surroundings, should mean that demand from developers and occupiers is likely to be strong, especially from house builders.”

And continues: “A possible argument that might carry some weight, would be that the environment of these sites has been adversely affected by the bypass and that given the lack of brownfield sites and the need for new development, they should be allocated for housing and employment development.”

FACT - Report Conclusions 5.76 states there could be a net additional 95,135 sq m of employment generating development and the potential to develop approximately 600 new housing units on sites related to the bypass.