Will covenant scupper island plans?
WHILE looking into some of Plymouth's history I came across an article on Drake's Island in a site called Victorian Forts which shows the island as empty and unused but also for sale.
Do I assume from this that the applicant for planning approval to develop a luxury hotel on the site is assuming planning permission will be granted and therefore certainly increase it's value from what it was bought for?
However, doing further research I found that when the island was on lease to Plymouth City Council there was a covenant prohibiting any commercial development. One wonders if this covenant is still in place and therefore effect the current planning application.
I think the planning authorities need to investigate this before any decision is made on the planning application and also any potential purchasers needs to check this before proceeding with their purchase.
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