OLD COUNTY HALL TRURO

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1 OLD COUNTY HALL TRURO 01

2 INTRODUCTION A UNIQUE OPPORTUNITY TO DEVELOP A 4 STAR DELUXE, FLAGSHIP HOTEL, SPA, APARTMENTS AND RESIDENTIAL ACCOMMODATION IN AN UNRIVALLED LOCATION Old County Hall is one of the most impressive Grade II Listed Buildings in Cornwall with substantial Planning and Listed Building consents which include: 42 Bedroom 4 Star Deluxe Hotel & Spa with: Iconic Bar from former County Debating Chamber 100 cover Brasserie Substantial Conference and Banqueting Space Destination Spa & Health Club A further 23 Apartment Suites for longer stay guests or families 12 new Residential Apartments in a separate detached block Conversion of The Coach House into 2 Residential Dwellings Landscaped Gardens with 72 car parking spaces Ideally located close to the City Centre 2 minutes walk from the Railway station and the New County Hall 02 03

3 Royal Cornwall Hospital Truro Cathedral SUMMARY Health & Wellbeing Innovation Centre Old County Hall Truro Train Station Hall for Cornwall Cornwall is the UK s favourite holiday destination with over 5 million visitors each year. It has also been voted Best UK Travel destination for six consecutive years. Cornwall has also benefitted from 1 billion of EU investment over the last decade and now has the highest growth of SME s in the UK, which has transformed the local economy. A further 1billion is due to be invested between 2015 and Truro College Knowledge Spa County Hall CONNECTIONS: Truro City Football Club RAIL: Truro - 2 minutes walk - direct trains to London Paddington, Birmingham etc Air: Newquay International Airport - approx 25 minutes drive. 3 daily flights to LGW Road: Dual carriageway all the way to London from 2018 via A30 and M5. Exeter hours - 80 miles; Plymouth - 1 hr 15 mins - 50 miles Bristol hours miles Sea: Port of Falmouth 15 miles The cathedral city of Truro is the most southerly city in Great Britain and forms the main retail, administrative and commercial hub of Cornwall. Cornwall s mining and fishing industries made Truro very prosperous in the 19th Century, leading to the City having some of the most important Georgian architecture west of Bath; Queen Victoria granted Truro City status in Since then, the spires of the iconic Cathedral have witnessed Truro s growth as the capital of Cornwall, with the Courts, Royal Cornwall Hospital, Exeter and Falmouth University partnership and the expansion of Truro College all within the City. Marks & Spencer, Laura Ashley, Boots, Debenhams, Apple, Austin Reed and White Stuff are just a few of the major retail brands that are here already, whilst a new Waitrose is currently under construction. The Sunday Times recently confirmed Truro as one of the top cities to live in the UK. Truro is at the geographic heart of Cornwall, making it an ideal base for visitors. North coast beaches, south coast beaches, The Eden Project, St Ives, Falmouth etc, are all less than an hour away. Truro is a growth point for planning purposes and is expected to accommodate substantial population growth by 2026 to bring its resident population more in balance with its role as an employment centre

4 PAST, PRESENT AND FUTURE The existing Old County Hall is undoubtedly one of the finest Grade ll Listed buildings in the County. Completed in 1912, it was created for the County Council to be the new County Buildings after an architectural competition. This symmetrical, well-proportioned property was designed as a figure of eight plan to allow light to penetrate internal rooms. Constructed with granite, its impressive façade, debating chamber, barrel ceilings and wood panelled rooms still retain much of the original traditional features despite later additions, including a lift. It was purchased from the Council by the current owner who had the vision of securing the building s future as a flagship hotel for the City. The recently consented planning permission now allows for a truly magnificent and exciting transformation of the entire site

5 OPPORTUNITY This is a truly, unique opportunity to sympathetically develop one of the finest buildings in the County into a flagship hotel and spa, and then enhance the whole site with the further provision of apart-suites and residential accommodation. The design & layout of Old County Hall is absolutely ideal for a relatively simple, light-touch conversion into a hotel. Most of the existing offices and meeting rooms are between 20m2 and 30m2, making them perfect for immediate conversion into hotel rooms. The corridors - many with beautiful, barrel vaulted ceilings - and corridor layout, facilitates easy conversion. There is a relative shortage of hotel space in Truro and The Old County Hall is the ideal building to contain the top hotel for the city. A substantial day spa would be an important attraction to a new 4 star hotel and would play a key role in attracting business - especially leisure breaks at the weekend. Furthermore, the local Truro market does not currently have a day spa or destination spa and Truro customers are currently using coastal hotels. There is strong local demand for a spa and private swimming facility. EXISTING PLAN 08 PROPOSED PLAN 09

6 NEW ENTRANCE The main entrance of the new hotel will be oriented to the rear of the building in order to: Make the entrance close to the car parking Allow easy access for the apart-suite guests Keep the wonderful main façade clear of traffic APART SUITES The 23 new-build Apartment Suites are all 42m2 featuring bedroom, bathroom, lounge and kitchenette. These give ample relaxation and living space for busy executives, especially those on longer assignments. They are also ideal for families on leisure breaks. Planning currently links these units to the hotel, but they could be separated for residential or investment, subject to planning consent. A new access bridge and contemporary glass entrance cube is the main alteration to the exterior façade, adding a striking contemporary note. This theme - blending the original, traditional grandeur with the contemporary modern, will be developed throughout. The Reception and Welcome Lounge are located just inside the glass cube giving a light and airy arrival. There is landscaped car parking for 72 cars, and classic gardens surrounding. image for illustration purposes only image for illustration purposes only 10 11

7 EXISTING PLAN PROPOSED PLAN FIRST FLOOR Planning Permission has been granted for the main building to be converted into a 42 Bedroom, 4 star-deluxe, flagship hotel with all of the facilities you would expect from such a landmark property. A light, airy, spacious Reception and Welcome Lounge is the gateway to bedroom corridors, and lift/stairs to other floors. Just past Reception is the restful reading lounge and a stunning central island bar which will take centre stage in the old debating chamber - a dramatic space of over 200m2 - with beautiful, classic wood columns, ornate ceiling cornicing and an impressive domed ceiling, some 4 metres above. The Bar/ debating chamber is the hub of the new hotel with all main facilities leading off: 100 cover Brasserie formed from wood panelled meeting rooms New 150 cover Conference and Banqueting space with glass roof Spa Reception, Spa Retail, Spa Café and Beauty Salon with stairs to main Spa and Health Club Reading Lounge Stairs to glass Meeting Room for 70 plus, overlooking Truro all images for illustration purposes only Mezanine floor

8 EXISTING PLAN PROPOSED PLAN image for illustration purposes only GROUND FLOOR The Ground floor is accessed via lift or stairs from the floor above or pedestrians can access via the original entrance to Old County Hall. This floor includes: 22 Hotel Bedrooms and stairs to 4 further Hotel Bedrooms on the lower ground floor Main, wood panelled feature staircase to Debating Chamber/ Bar / facilities above Spa and Health Club on ground floor includes: 13m Swimming Pool Hydrotherapy Pool Sauna Steam Heated Relaxation Loungers Ice Feature Experience Showers 5 Treatment Rooms Relaxation Room Cardio and Resistance Gym Studio for Classes Lower Ground Floor 14 all images for illustration purposes only 15

9 RESIDENTIAL RESIDENTIAL The new Residential Spa Apartments and Coach House will be situated immediately adjacent and detached from The Old County Hall on the east side, set within their own landscaped gardens with residential car parking spaces. There will be 12 luxury, new build Apartments: 7 Two Bedroomed Apartments 4 One Bedroomed Apartments 1 Three Bedroom Penthouse The separate Coach House will be sympathetically converted to provide two residential dwellings - one 2 bedroom and one 1 bedroom. APARTSUITES 16 17

10 CONTACT JLL Hotels & Hospitality jointly with Stephen Page and Partners are pleased to invite offers, subject to contract, for the freehold interest in Old County Hall, via a company share transfer. A first round bid deadline will be set by JLL following the launch of this marketing process. Full data room available to interested parties subject to a non-disclosure agreement. Interested parties may contact JLL or Stephen Page to express their interest. However, no direct contact is to be made with management, hotel employees or the vendor. Inspections and meetings can be arranged upon request via the joint agents. For more information on this resort opportunity, please contact: Will Duffey London t: +44 (0) will.duffey@eu.jll.com Michael Easton Exeter t: +44 (0) michael.easton@eu.jll.com John Kinsey Exeter T: +44 (0) john.kinsey@eu.jll.com Joint Agent Stephen Page Stephen Page & Partners T: +44 (0) stephen@stephen-page.co.uk EPC s: EPC s are available either upon request or within the data room Disclaimer The information in this brochure was prepared in June The vendor has mandated JLL Hotels & Hospitality Group ( JLL ) to prepare this Information Memorandum (Memorandum). The vendor and JLL give notice that: (i) the sale brochure is set out as a general outline only for the guidance of interested parties and constitute neither the whole nor part of an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details in this brochure are given in good faith and are believed to be correct, but any interested party should not rely on them as statements or representations of fact, but should satisfy themselves by searches, enquiries, surveys and inspection or otherwise as to the correctness of each of them; (iii) Neither the vendor, nor the joint agents has the obligation to update any information or to correct any inaccuracies therein or omissions there from which may become apparent; and (iv) no person acting on behalf of the vendor or the joint agents has the authority to make or give any representations or warranty whatever in relation to this engagement.