THE OPPORTUNITY HAM MILL, LONDON ROAD, THRUPP, STROUD, GL5 2BB. Artists impression

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1 2 HECTARE / 4.94 ACRE RIVERSIDE DEVELOPMENT SITE WITH DETAILED PLANNING PERMISSION PROPOSALS FOR A HIGH QUALITY RESIDENTIAL-LED, MIXED-USE DEVELOPMENT LOCATED WITHIN 2.5 MILES OF STROUD TOWN CENTRE 100 NEW HOMES INCLUDING 55 HOUSES AND 45 APARTMENTS A VARIETY OF UNITS INCLUDING 1-3 BED DWELLINGS NIL AFFORDABLE Artists impression

2 THE OPPORTUNITY The scheme proposes the redevelopment of a historic former mill complex into a high-quality residential-led, mixed-use development on the edge of Stroud. This will include the restoration of the mill and key buildings in its curtilage and the demolition of the newer factory elements that are of lesser heritage merit. The retained mill buildings are well suited for adaptation to residential use. The floor plates are relatively narrow with large windows providing ample daylight throughout and opportunities for dual aspect units. The existing large open spaces would also convert well into commercial spaces such as offices. The proposed scheme also contains a significant element of new build residential. There is no requirement for the provision of affordable housing on this site. Offers are sought for the freehold of the site. Artists impression

3 THE LOCATION The site lies in the scenic valley of Thrupp, located in the District of Stroud, site to the surrounding towns of Brimscombe, Stroud and Chalfordin Gloucestershire. The site is located approximately 2.5 miles south-east of Stroud town centre fronting the A419, with the River Frome forming the site s western boundary. Stroud is accessed from the M5 (J13) to the west, with Cirencester to the east and Nailsworth to the south. Current pedestrian access is via the two existing entrances located along the A419. Existing vehicular access is via northern and southern London Road entry points. The northern entry point is restricted in width due to the listed gates and gateposts. Stroud Railway Station, served by First Great Western, is located approximately 2 miles, north-west of the site and provides links to London Paddington and Cheltenham. There are several bus routes along London Road connecting the site to the surrounding towns of Brimscombe, Stroud and Chalford. For Illustrative Purposes Only

4 DESCRIPTION The existing site comprises several vacant buildings, including the Grade II listed mill building and entrance gates, that previously formed a carpet manufacturing business and an area of grassland and marshland to the south. This in total extends to an area of 2 hectares (4.94 acres) which slopes gently down towards the river edge from London Road (east to west) but provides large areas of relatively flat land suitable for development. The site dates back to the early 17 century when there was a cloth mill on the site which was used to produce fabric for the Royalist uniforms during the English Civil War. Since then it has changed hands many times, was rebuilt and was last used by a firm of carpet weavers. The site was occupied until 1999 and has been vacant since. Approximately half of the site is covered in a mixture of one and two storeys buildings of varying ages and condition. These are concentrated to the north and east. The Grade II listed mill itself is five storeys, making the upper levels and chimney highly visible from the surrounding areas, providing a focal point for the proposed development and offering the potential to create character apartments overlooking the River Frome, which runs along the western boundary of the site. In addition to its river frontage, the site benefits from close proximity to a number of nearby sites with outstanding levels of natural visual amenity - particularly in the west towards Minchinhampton, which is classified as a Cotswolds Area of Outstanding Natural Beauty, and nearby, to the east, are Park Woods and Stringer s Woods. Photos taken 21/4/15

5 PLANNING The site falls within the area covered by Stroud District Council and benefits from planning permission for 100 residential units (55 houses and 45 apartments), 960 sqm of flexible community and commercial space, 150 car parking spaces and 120 cycle spaces (planning application S.15/1751/FUL). Due to various listed buildings on site, the proposed plans include both conversion and new build units. The conversion includes 22 residential units and 776 sq m of commercial/community space. The new build element includes 78 residential units comprised of 55 two-storey townhouses, four apartment buildings comprising 23 units and 193 sq m of commercial/community space. The site is earmarked as a landmark site within the Stroud Industrial Heritage Conservation Area, which runs along the length of the Thames and Severn Canal to Stroud and Gloucester. There is one listed building on the site which is the Grade II listed Mill building. The gates and gate post to the front of the site are also Grade II Listed. A Section 106 agreement is in place incorporating payments of; 20,000 for Rodborough Common SAC Contribution (Stroud District Council) 155,496 Education Contribution towards the provision of additional places at Thomas Keble School (Gloucestershire County Council) 19,600 Library Contribution towards the provision of additional library resources at Stroud Library (Gloucestershire County Council) On the basis of viability studies, it has been accepted that the site is unable to provide affordable housing. A full complement of the documents relating to the planning application is available for download via the data room for this site. PROPOSED UNIT MIX The indicative unit mix is set out in the table below. A document providing a full breakdown of these units is provided for download via the data room for this site. Element New Build Residential 1 Bed Apartments 13 2 Bed Apartments 10 2 Bed Houses 7 3 Bed Houses 48 Residential Conversion 1 Bed Apartments 9 2 Bed Apartments 10 3 Bed Apartments 3 Quantity Commercial B1 Office Flexible Floor Space (A1, A2,A3,A4,D1,D2,B1,B2) 686 sqm / 7,385 sqft 283 sqm / 3,046 sqft

6 STROUD RESIDENTIAL MARKET Stroud lies in the South Cotswolds, at the heart of five valleys that act as a superb backdrop to the town. The town itself contains a huge variety of often independent shops and businesses, as well as a famous Farmers Market every Saturday from 9am to 2pm. This is one of the busiest such markets in the UK and it s been awarded Best Farmers Market in the UK twice by FARMA, as well as having being featured many national newspapers and magazines. Stroud has a lively and bohemian atmosphere, setting it apart from other towns in the area and the former Cotswold textile mills lying along the valleys floors illustrate the industrial past. There s a cinema in the town centre, a Leisure Centre on the outskirts, with adjacent Museum in the Park, and there are plenty of events held at The Stroud Subscription Rooms, somewhere The Beatles played in Especially wonderful are Rodborough and Minchinhampton Commons, hundreds of acres of National Trust grasslands between Stroud and Nailsworth, the latter another popular town just 5 miles to the south. These unique stretches of common land give one outstanding views across the surrounding areas and are ideal for dog walking, horse riding, or just relaxing. The Stroudwater Canal, in the process of being restored, is another special feature, with the towpaths again supplying lovely walking areas from which to enjoy the wildlife. With excellent transport links, easy access onto the M5 at J 13 makes Stroud ideal for commuting south to Bristol and north to Birmingham, whilst there is also a direct service from Stroud to London Paddington [around 90 mins].

7 EPC There are currently seven buildings on site which require an EPC full copies of the EPCs and recommendation reports are included in the Information Pack. The ratings for each of the existing buildings is as follows; Building A - D - 97 Building B - G Building C - G Building D - F Building E - G Building F - G Building G - G 198 These buildings are shown on the plan opposite for identification purposes only. The mill itself is a Grade II listed building, and no EPC is required. SERVICES The site benefits from proximity to mains water, electricity, gas and drainage. Further details of the location of these supplies are available for download via the data room for this site. For Identification Purposes Only

8 TENURE The site is owned freehold and for illustrative purposes is shown edged red on the plan included in these particulars. It will be sold with vacant possession. LEGAL COSTS Each party is responsible for their own legal costs. VAT VAT will be chargeable if applicable. INFORMATION PACK The full information pack for this property containing the following is available via the data room: All EPC Certificates and Recommendation Reports Legal Documents Planning Documents Listings Utilities plans To access this pack please register at hammillthrupp.com NOTE The site comprises disused buildings and grounds, some of which have been empty for a considerable period. In order to manage visits safely all viewings will be on a block basis by prior arrangement only. Whilst on site you should follow instructions and, where applicable, remain within designated walking areas. Some buildings and building floors will not be accessible. Robust footwear is recommended. METHOD OF SALE The site is being offered for sale by Informal Tender with offers invited by 5pm on Wednesday 12 July 2017 for the freehold interest. All offers should clearly state any proposed conditions, the identity of the purchaser, financing arrangements and timescales. The vendor does not bind themselves to accept the highest or any offer. FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Andrew Frost andrew.frost@colliers.com Chris Dawson christopher.dawson@colliers.com For information regarding the planning permission for this site please contact: Karen Jones at RPS CgMs T: E: Karen.Jones@cgms.co.uk For further information or queries on the legal information provided for this site please contact: Andrew Boulton at DAC Beachcroft LLP T: E: ABOULTON@dacbeachcroft.com Disclaimer SUBJECT TO CONTRACT Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (16 May 2017) Colliers International is the licensed trading name of Colliers International is the licensed trading name of Colliers International Specialist and Consulting UK LLP which is a limited liability partnership registered in England and Wales with registered number OC Our registered office is at 50 George Street, London W1U 7GA