development site- mathew's court, penwerris lane, falmouth, tr11 2pf ...
DEVELOPMENT SITE- MATHEW'S COURT, PENWERRIS LANE, FALMOUTH, TR11 2PF
OFFERS IN EXCESS OF £575,000
C38692 LOCATION Falmouth is located on the south coast of Cornwall overlooking the Carrick Roads to the East and Falmouth Bay to the South. It is some 11 miles from Truro, 66 miles from Plymouth and has a branch line train station to Truro. It is one of the main cultural, economic and social centres of the county and has been subject to considerable investment over the past 10 years. Falmouth is the home of Falmouth University and the University of Exeter in Falmouth, a Russell Group University, ranked in the top 10 according to the Sunday Times. Student numbers in the area are expecting to increase from 5,000 to 8,000 by 2018. House prices have grown by an average of 3% in the last five years, although they have grown by 8% in the last 12 months. SITUATION Mathews Court is situated on Penwerris Lane, just to the north of the town centre, approximately 12 minutes' walk from The Moor, which has an excellent range of restaurants and shops including Prezzo, Tesco Metro, Wetherspoons and Domino's. The site is next to the former Church Hall in a residential area with a good mixture of period and modern architecture. DESCRIPTION Mathews Court is a 0.21 hectare (0.52 acre) former quarry site with good level access onto Penwerris Lane. The site is currently occupied by Falmouth Coachworks, a car body repair business which has traded from this location since the 1970s. There are 3 industrial/workshop units on the site which extend to approximately 4,865 sqft (452 sqm) (Valuation Office Agency's Measurements). The site would be suitable for a number of different uses, particularly for the residential and student markets (subject to planning) and we expect there to be a good level of interest. DEVELOPMENT OPTIONS Our clients have prepared a number of indicative plans to illustrate the potential development options for the site. These will be made available on request. The schemes comprise: Purpose built Student Accommodation comprising 138 student rooms set out as flats with a communal kitchen and living space. The scheme allows for further communal amenity space for laundry/student bar and study areas and provision for 28 parking spaces. Residential apartments, comprising a total of 34 2-3 bedroom units with undercroft parking for 60 cars and further communal gardens/children's play areas.
We would expect the units from the 3rd floor and above for both schemes would have views over towards Flushing and across to Falmouth Harbour, making these units particularly desirable. PLANNING Our clients have not applied for planning permission for this site and the site has a clean planning history. There is an unfulfilled requirement for both residential and student accommodation within the town, and we have been advised that the Planning Authorities should look favourably on an application of this nature. TENURE Freehold with vacant possession. PRICE/METHOD OF SALE Our client will consider conditional and unconditional offers in excess of £575,000. We are instructed to sell the site by Informal Tender with best bids required by 12pm (midday) on Wednesday 23rd March 2016. Tender forms are available on request. LEGAL COSTS Each party to bear their own. BUSINESS RATES We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171 SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 VAT All the above prices/rentals are quoted exclusive of VAT, where applicable. CONTACT INFORMATION For further information or an appointment to view please contact Will Attlee on 01872 247004 or via email [email protected]
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate. AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39. VIEWING: Strictly by prior appointment through Miller Commercial.
OFFERS IN EXCESS OF £575,000
C38692 LOCATION Falmouth is located on the south coast of Cornwall overlooking the Carrick Roads to the East and Falmouth Bay to the South. It is some 11 miles from Truro, 66 miles from Plymouth and has a branch line train station to Truro. It is one of the main cultural, economic and social centres of the county and has been subject to considerable investment over the past 10 years. Falmouth is the home of Falmouth University and the University of Exeter in Falmouth, a Russell Group University, ranked in the top 10 according to the Sunday Times. Student numbers in the area are expecting to increase from 5,000 to 8,000 by 2018. House prices have grown by an average of 3% in the last five years, although they have grown by 8% in the last 12 months. SITUATION Mathews Court is situated on Penwerris Lane, just to the north of the town centre, approximately 12 minutes' walk from The Moor, which has an excellent range of restaurants and shops including Prezzo, Tesco Metro, Wetherspoons and Domino's. The site is next to the former Church Hall in a residential area with a good mixture of period and modern architecture. DESCRIPTION Mathews Court is a 0.21 hectare (0.52 acre) former quarry site with good level access onto Penwerris Lane. The site is currently occupied by Falmouth Coachworks, a car body repair business which has traded from this location since the 1970s. There are 3 industrial/workshop units on the site which extend to approximately 4,865 sqft (452 sqm) (Valuation Office Agency's Measurements). The site would be suitable for a number of different uses, particularly for the residential and student markets (subject to planning) and we expect there to be a good level of interest. DEVELOPMENT OPTIONS Our clients have prepared a number of indicative plans to illustrate the potential development options for the site. These will be made available on request. The schemes comprise: Purpose built Student Accommodation comprising 138 student rooms set out as flats with a communal kitchen and living space. The scheme allows for further communal amenity space for laundry/student bar and study areas and provision for 28 parking spaces. Residential apartments, comprising a total of 34 2-3 bedroom units with undercroft parking for 60 cars and further communal gardens/children's play areas.
We would expect the units from the 3rd floor and above for both schemes would have views over towards Flushing and across to Falmouth Harbour, making these units particularly desirable. PLANNING Our clients have not applied for planning permission for this site and the site has a clean planning history. There is an unfulfilled requirement for both residential and student accommodation within the town, and we have been advised that the Planning Authorities should look favourably on an application of this nature. TENURE Freehold with vacant possession. PRICE/METHOD OF SALE Our client will consider conditional and unconditional offers in excess of £575,000. We are instructed to sell the site by Informal Tender with best bids required by 12pm (midday) on Wednesday 23rd March 2016. Tender forms are available on request. LEGAL COSTS Each party to bear their own. BUSINESS RATES We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171 SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 VAT All the above prices/rentals are quoted exclusive of VAT, where applicable. CONTACT INFORMATION For further information or an appointment to view please contact Will Attlee on 01872 247004 or via email [email protected]
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate. AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39. VIEWING: Strictly by prior appointment through Miller Commercial.
