DEVELOPMENT OPPORTUNITY

Kimberley Park RoadFalmouth, Cornwall, TR11 2JJ110

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Former Rosslyn Hotel

LOCATIONFalmouth sits at the head of the river Fal and has excellent communication links being the terminus of the A39 which in turn links to the A30 and M5. Falmouth benefits from 3 railway stations and a number of ferries operating out of the harbour.

Henry VIII built Pendennis Castle in 1540 to defend the Carrick Roads and the town has continued to thrive ever since with the development of Falmouth Docks in 1858 and a railway station in 1863. The town benefits from the third largest natural deep water harbour in the world which supports its maritime traditions as well as being a focus for the tourism which enjoys access to lovely beaches at Gyllyngvase and Swanpool.

The town is synonymous with the sea which has shaped its history, but in more recent times it has become well known for its artistic and creative excellence including the establishment of Falmouth School of Art which is now the UK’s number 1 university for the creative industries. The universities have helped to make Falmouth one of the most vibrant, exciting and expanding towns in Cornwall.

Falmouth, together with Penryn, houses over 36,000 residents although the population increases during the summer months with the influx of tourists. Falmouth provides an eclectic mix of national, regional and local retail and leisure representation, ensuring the town appeals to tourists, students and local residents alike.

110 Kimberley Park, Falmouth, Cornwall, TR11 2JJ

Falmouth

A30

Exeter

A392

A39

Truro

A38

A390

Penzance

St Ives

Newquay

Plymouth

UNIVERSITIES IN FALMOUTHFalmouth is home to two universities; Falmouth University and the University of Exeter, Cornwall Campus. Historically, the town was home to only Falmouth Arts College (now Falmouth University), but in 1998 the land now known as Penryn Campus was purchased under a joint UK and EU initiative to grow Higher Education in Cornwall. It has subsequently benefited from over £100 million of funding to develop the state of the art facilities now found on site. The Penryn Campus was recently (March 2017) granted consent to lift the cap on student numbers (on solely that campus) from 5,000 to 7,500, which will take the total student population in the town to circa 10,000.

Falmouth University was originally founded as Falmouth School of Art in 1902 and is today based across two campuses in Penryn and the other at Woodlane Campus in Falmouth town centre. The university aligns itself closely to the creative industries and strives to offer the latest innovative courses, such as Computing for Games and Business Entrepreneurship. The university has won a number of awards over recent years, including The Sunday Times number 1 Arts University 3 years in a row.

At their Cornwall Campus, the University of Exeter offers degrees in Biosciences, Geography, Geology, Clean Energy, English, History, Politics, and Mining Engineering. The University of Exeter is given an overall ranking of 9th in the Times Good University Guide 2017.

110 Kimberley Park, Falmouth, Cornwall, TR11 2JJ

Institution Total Undergraduates Postgraduates International Students Students

Falmouth University 4,655 4,405 245 390

University of Exeter 1,913 1,589 324 93

Total 6,568 5,994 569 483

Student Number in Falmouth 2015/2016:

Source: HESA

Tregenva Rd

Kimberley Park Rd

Trescobeas Rd

FALMOUTH

PENRYN

FALMOUTH TOWN CENTRE

FALMOUTH DOCKS

Kimberley Park

PENRYN CAMPUS

A39

Dracaena Avenue

A39

WOODLANE CAMPUS

Falmouth School

SWANPOOL

GYLLYNGVASE

Police Station

Falmouth Hospital

Pendennis Castle

SITUATION The property is situated on the northern side of Kimberley Park Road close to its junction with Dracaena Avenue and opposite the entrance to Tregenver Road. The surrounding area is predominantly residential in nature although the property is within close proximity of the town centre and all the facilities it affords.

Falmouth Hospital and Falmouth School are within walking distance of the property.

The university’s Woodlane Campus is also within walking distance and the Penryn Campus is easily accessible via a regular bus service which departs from Dracaena Avenue, very close by.

110 Kimberley Park, Falmouth, Cornwall, TR11 2JJ

Falmouth Hospital

Kimberley Park Road

Trescobeas Road

Tregenva Road

STU DIO 5 YO RK C O U RTAPG ARC HITECTU RE

W ILDER STREET . BRISTOL . BS2 8Q H0117 929 3372

ROSSLYN H OTELSTU DIO US

FAL M O U THTR11

L O C A T I O N P L A N

SHEET NUMBER

1 0 0

REVISION DATEREVISION NUMBER

957-3D-160414- ADMIRALITY HOUSE

CHECKED BYDRAWN BY

9 5 7P L A N N I N G

A P A P

SHEET SCALE

SHEET SIZE

A 3

1 : 1 2 5 0

REVISION NOTE

A D M I R A LT Y H O U S ES T U D E N T A C C O M M O D AT I O N

JOB NUMBER

w ww.apg-architecture .co.uk

Contractor to check all dimensions on site. Figured dimensions are to be used. Discrepancies to be reported to the architect before proceeding . This drawing is copyright .

19/04/16AFINAL ISSUE FOR PLANNING APPLICATION.

THE PROPERTYThe property operated as the Rosslyn Hotel until March 2015 comprising 27 letting rooms, most with en-suite facilities along with the normal communal lounge area and dining room, as well as a 1 bed owner’s flat.

The former hotel sits on a rectangular site of circa 0.27 ha (0.66 acres).

The site provides an excellent development opportunity for a variety of uses (Subject to planning), including student accommodation, residential, retirement living, care home and hospitality.

EPCThe property has an EPC rating of Band C with a specific score of 68.

RATESThe property is currently assessed as Hotel & Premises with a Rateable Value of £25,500 although interested parties are recommended to make their own enquiries of the local rating authority. We understand that the owner’s accommodation is subject to the Council Tax regime and is assessed as Band A.

SERVICESThe building has been formally disconnected from all services, confirmation letters to this effect can be found in the dataroom.

110 Kimberley Park, Falmouth, Cornwall, TR11 2JJ

View of front facade looking up Tregenver Rd View of South West corner

Aerial perpspective looking North WestAerial perspective looking South West

ARC_033 GA03 - Proposed Perspectives

PLANNINGPlanning consent has been obtained to demolish the existing building and develop 33 retirement apartments under reference PA15/00545 and plans are available on request.

Subsequently a futher application was submitted for the development of a 117 purpose built student accommodation scheme under reference PA16/03586, this has recently been refused by Cornwall Council although an appeal is pending. The reasons for refusal are felt to be unsubstantiated and the expectation is that the appeal will be successful.

There are various other potential uses for the site including residential, hospitality and care home (hospital adjacent). We recommend all interested parties make the relevant enquiries with Cornwall Council.

DUE DILIGENCE REPORTSOur clients have undertaken extensive investigations and reports are available on the following:

• Geo-environmental Assessment

• Ground Investigation

• Topographical Survey

• Flood Risk Assessment

• Arboricultural Impact Assessment

• Planning Design & Access Statement

Access to the information and planning details are available upon request via a dataroom.

110 Kimberley Park, Falmouth, Cornwall, TR11 2JJ

Consented retirement scheme

Proposed student scheme

FURTHER INFORMATION

For further information, or to arrange a viewing, please contact;

Laura GardnerMILLER COMMERCIAL

Tel: 01872 247032

lg@miller-commercial.co.uk

Brian BottingMILLER COMMERCIAL

Tel: 01872 247009

bjb@miller-commercial.co.uk

OFFERSOffers are invited for our client’s freehold interest with vacant possession.

Both conditional and unconditional offers will be considered although conditional offers will be subject to a deposit of 10% of the purchase price.

The property will be sold on an informal tender basis and interested parties should register their details with the sole selling agents Miller Commercial who will provide further details of timing, tender process and access to the dataroom.

VAT The property is not elected for VAT.

VIEWINGInterested parties are able to view the site by roadside inspection but no attempt should be made to gain unaccompanied access to the building which is boarded up. A number of designated viewing days will take place at the property on an appointment only basis.

Proposed student scheme