Freehold For Sale Residential Development Opportunity

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1 The main hospital buildings have now been demolished Freehold For Sale Residential Development Opportunity (Subject to planning) Brownfield land Cleared former hospital site of 3.1 hectares (7.8 acres) Sustainable location Close to Falmouth town centre

2 Background BNP Paribas Real Estate is instructed by NHS Property Services Ltd (NHS PS) to dispose of this property which comprises a cleared former hospital site of approximately 3.1 hectares (7.8 acres) suitable for residential development. Formerly the site of Budock Hospital operated by NHS Cornwall and Isles of Scilly Primary Care Trust, the facility was closed in 2006, declared surplus to requirements and is now to be sold with vacant possession on a conditional (subject to planning) basis. The main hospital buildings have now been demolished

3 LOCATION Falmouth is a historic port with a population of c.22,000 (2011 EXMOOR NATIONAL PARK BRIDGWATER census) and is one of Cornwall s larger towns. Its harbour is the third largest deep water harbour in the world and maritime A39 BIDEFORD A386 A377 A361 B3227 M5 TAUNTON A303 industries have not surprisingly dominated the town s history and characterised its economy which is supported by tourism and other services. Falmouth is now widely associated with University College Falmouth which attracts students to the BUDE A388 town. The Tremough university campus at Penryn provides a major boost to Cornwall s economy. WADEBRIDGE A395 A30 A388 B3212 TAVISTOCK DARTMOOR NATIONAL PARK EXETER The former Budock Hospital site is located approximately 1.5 miles north-west of Falmouth town centre. The main road into the town is the A39 which provides connections to Truro, the county s administrative centre approximately NEWQUAY A30 BODMIN LISKEARD TOTNES TORQUAY 12 miles north, and the A30 beyond. The nearest train station lies approximately 1.4 miles away in Penmere with Newquay REDRUTH A39 TRURO ST AUSTELL PLYMOUTH A379 DARTMOUTH airport approximately 25 miles to the north. Exeter is approximately 95 miles north-east accessed via the A30. CAMBOURNE PENZANCE A394 HELSTON FALMOUTH

4 A393 CARCLEW ROAD LOCATION Falmouth is a historic port with a population of c.22,000 (2011 census) and is one of Cornwall s larger towns. Its harbour is the third largest deep water harbour in the world and maritime industries have not surprisingly dominated the town s history A39 BISSOM ROA D and characterised its economy which is supported by tourism and other services. Falmouth is now widely associated with University College Falmouth which attracts students to the town. The Tremough university campus at Penryn provides a A394 TREMOUGH FALMOUTH ROAD PENRYN major boost to Cornwall s economy. ANTRON HILL A39 HILLHEAD R OAD BUDOCK WATER UNION RO AD BICKLAND WATER A39 FALMOUTH SCHOOL TRESCOBEAS ROAD PENMERE NORTH OLD HILL PARADE KIMBERLEY PARK DRACAENA AVE FALMOUTH FALMOUTH TOWN CLIFF ROAD FALMOUTH DOCKS CASTLE DRIVE ST. MAWES The former Budock Hospital site is located approximately 1.5 miles north-west of Falmouth town centre. The main road into the town is the A39 which provides connections to Truro, the county s administrative centre approximately 12 miles north, and the A30 beyond. The nearest train station lies approximately 1.4 miles away in Penmere with Newquay airport approximately 25 miles to the north. Exeter is approximately 95 miles north-east accessed via the A30. ROAD FALMOUTH GOLF CLUB & DRIVING RANGE

5 m HILLHEAD ROAD UNION ROAD DW Playing Field SITUATION DW The site lies off Union Road immediately to the 79.7m Pavilion north of Falmouth School in Trescobeas Road and is bordered by a cricket pitch to the east, by a layby off Union Road to the west (which CH facilitates the main vehicular access) and by Playing Field playing fields to the north. Mast Communication Mast CH FW Und Further afield, to the south of the school lies residential development, Falmouth FC ground and Tregoniggie Industrial Estate. The village UNION ROAD of Budock Water, lies approximately 1 mile south via Bickland Water Road. Trescobeas Playing Field 45.72m CR El Sub Sta Road (via Union Road) lies to the east and Melbun provides a direct route to the town centre. Pentree m Co Const & ED Bdy Greenmantle Trappers Saracot A number of local schools and services lie within close proximity including Falmouth Oaklea School, Falmouth Town AFC Social Club, Cottage Woodland Falmouth Community Fire Station, Falmouth Hospital, and Penryn Library. Further services are available in the town centres of Penryn approximately two miles away, and Falmouth Tara Norcrest Trewen 5 OAKLAND Jardinet PARK Kape Fal Fernley KERGILLIACK ROAD Galtee Mor Moorings Restmore Oakland Kinfauns TCB Weehame Romilly Morwenstow 2 Woodman's Corner approximately 1.5 miles away. Outside the two towns the area is fairly rural, with a scattering Edzell Langholme 7 of villages and smaller settlements. 4 Siegsdorf 3 1 UNION CORNER 1 El Sub Sta Tank Finnartmore Falmouth School LB m Swimming Pool 99a 99 El Sub Sta 93 TRESCOBEAS ROAD Chy Vean m 57.2m

6 DESCRIPTION The site comprises brownfield land extending to approximately 3.1 hectares (7.8 acres) and is broadly rectangular in shape. The site was previously developed with a number of hospital buildings which were demolished to slab level over 2008/09. The site is now cleared save for two minor single storey buildings, areas of hardstanding / strip foundations, levelled spoil, trees and overgrown vegetation. There is a tarmac footpath along the southern boundary of the upper part of the site that runs between a security palisade fence and a hedge bank that forms the boundary with the school. The topography is such that the upper area near the road (the former car park) is fairly flat and level, while the rest of the site slopes away gradually towards the east. We would draw your attention to Ecology Reports within the Information Pack together with an Arboricultural Appraisal and BS 5837 Tree Survey undertaken by JP Associates, the latter of which identifies the quality of the trees present on site.

7 PLANNING The former Budock Hospital site is brownfield land located inside the Falmouth settlement boundary identified by the Carrick Local Plan (1998), approximately 1.5 miles from the town centre. As such, the site represents a sustainable redevelopment opportunity. At this time, Cornwall Council does not have an up to date development plan, and until such time as the emerging Cornwall Local Plan has been formally found to be sound at public examination, there remains a vacuum in up to date planning policy for Cornwall. In such circumstances the National Planning Policy Framework (NPPF) carries most weight in decision making. The NPPF is clear in stating a presumption in favour of sustainable development and encourages the re-use of previously developed land as one of its core planning principles. This view is supported by Cornwall Council s Strategic Housing Land Availability Assessment 2010 (SHLAA) which concluded that the Budock Hospital site is achievable, available and deliverable. Further information is provided in the Planning Brief within the Information Pack. Cornwall Council s emerging local plan recognises Falmouth as one of the principal settlements in Cornwall with good provision of employment opportunities, services and amenities. The emerging plan therefore promotes development growth at Falmouth. In respect of the potential redevelopment uses, the proximity of the site to core local services, facilities, public transport and employment opportunities make it a suitable candidate site for residential use.

8 SERVICES VIEWING ARRANGEMENTS We are informed that the property formerly had access to all mains services connection points. Information regarding the position of existing services and the availability of connections and capacity is available within the Information Pack. Prospective purchasers are advised to make their own enquiries of the relevant service providers in respect of their specific requirements for their proposed development proposals. Title The site will be sold freehold and is registered with title absolute. A full copy of the title pack is available within the Information Pack. METHOD OF SALE The property is offered for sale by informal tender with offers invited for the whole site based on a conditional (subject to planning) contract together with overage proposals. The deadline for offers is 12 noon on Friday 12 July 2013 and offers are to be addressed to BNP Paribas Real Estate, One Redcliff Street, Bristol BS1 6NP (marked for the attention of Andrew Scott). Offers should include the following information: Purchase Price Timing associated with purchase Conditions and due diligence associated with offer Confirmation of source and level of funding Development proposals with illustrative layout Accommodation schedule and density assumed The vendor reserves the right not to accept the highest or indeed any offer received. It is envisaged that a preferred purchaser will be selected from proposals received, however the vendor reserves the right to alter the tender process, to request purchasers to provide further details in respect of their offer or to interview prospective purchasers. The site can be viewed partially from the layby to the rear of Union Road. For onsite inspections, prospective purchasers are requested to book appointments with BNP Paribas Real Estate on dedicated viewing days to be confirmed. We would ask that prospective purchasers do not enter adjoining land to view the site. All onsite inspections are to be conducted through BNP Paribas Real Estate. COSTS Each party will be responsible for their own legal costs and professional costs incurred.

9 Further Information The contents of the Information Pack are available to purchasers to download from containing the following documents: Topographical Survey (pre demolition) Phase 1 GeoEnvironmental Desk Study Report (Geo-Consulting, May 2013) Planning Brief (Origin 3, May 2013) Ecology Report [Extended Phase 1 Habitat and Protected Species Survey] (Richard Green Ecology, May 2013) Arboricultural Appraisal (JP Associates, April 2013) BS 5837 Tree Survey (JP Associates, May 2013) Utilities Statement (Hydrock, May 2013) Drainage Strategy (Hydrock, May 2013) Access Strategy (Transport Planning Associates, May 2013) Title Pack (Bevan Brittan LLP, May 2013)

10 For further information on Planning, please contact: FOR FURTHER INFORMATION ON THE PROPERTY AND METHOD OF SALE, PLEASE CONTACT: Subject to contract Matthew Seaman Origin 3 T E matt.seaman@origin3.co.uk Colin Danks Origin 3 T E colin@origin3.co.uk Andrew Scott BNP Paribas Real Estate T E andrew.scott@bnpparibas.com Peter White BNP Paribas Real Estate T E peter.white@bnpparibas.com For further information on TITLE, please contact: Aimee Glover Bevan Brittan T E aimee.glover@bevanbrittan.com Misrepresentation Act 1967: BNP Paribas Real Estate Advisory & Property Management UK Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither BNP Paribas Real Estate Advisory & Property Management UK Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Finance Act 1989: Unless otherwise stated all prices and rents are quote exclusive of VAT. Property Misdescriptions Act 1991: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. Designed and produced by Zest Design & Marketing May 2013 (01090).

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