Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker

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Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Fistral Bay Hotel, Newquay, Cornwall
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Fistral Bay Hotel                                   the acclaimed Boardmasters Festival. Other
                                                    renowned events include Newquay fish festival,
1 Pentire Avenue                                    Newquay Art-8 festival, Newquay carnival, and
Newquay                                             the annual Night Surf.

Cornwall                                            “One of the nation's favourite seaside towns” -
                                                    Which Holiday Survey.
TR7 1NZ
                                                    “Best family holiday destination” – readers of
Enjoying far reaching views across                  COAST magazine.
Fistral Bay, towards Towan Headland,
and out to sea is this residential                  “One of the UK's top ten beaches” - Trip
development site benefiting from                    Advisor.
planning consent for 74 open market
apartments.                                         Communications
                                                    Rail: Newquay train station, located
EPC Rating - Exempt                                 approximately one mile distance, handles
                                                    intercity trains throughout the summer, which
The Site                                            include a daily service to and from London in
Measuring approximately 0.584 acres / 0.236         July and August and also further through trains
hectares, the site is currently occupied by a       to London, the Midlands and North on Saturdays
derelict, former hotel; The Fistral Bay Hotel,      and Sundays between May and September. It
believed to have been built in 1910. Originally a   is the only branch line terminus in Britain still
two-storey property, a second floor was added       handling scheduled intercity trains.
in 1912, and during the Second World War it
was one of several large hotels in Newquay          Air: Cornwall International Airport is located
requisitioned as a convalescent hospital for the    approximately six and a half miles distance.
Army, Air Force, and Navy. The hotel ceased         With flights to Spain, Portgual, Germany, and
trading in 2006 after nearly 100 years of           across the UK, including London Gatwick,
business.                                           Stansted, and The Scilly Isles; over 460,000
                                                    passengers passed through during 2017 – up
Located on the prominent corner of Pentire          24% on 2016.
Avenue and Pentire Crescent, the site enjoys
far reaching views across Fistral Bay, towards      Statistical Information
Towan Headland, and out to sea.                     The 2001 census recorded a permanent
                                                    population of 19,562, increasing to 20,342 at the
Location                                            2011 census. Recent estimates suggest that the
Newquay has been a major tourist destination        total for the wider Newquay area would rise to
for more than a century, principally on account     27,862 by 2018 and 30,341 in 2019. (Sources:
of its coastline with nine long and accessible      ONS & Cornwall Council)
sandy beaches, including Fistral. Around 22,000
people live in Newquay, but the population can      According to the Zoopla Property Group,
increase to 100,000 or more in the summer.          the average property price in Newquay has
                                                    increased by 5.3% over the past 12 months,
Situated in the favoured Pentire area of            25.6% over the past five years, 12.7% over the
Newquay, the site is ideally located for the        past 10 years, and 269% over the past 20 years
renowned Fistral Beach; a venue for major           (data correct as of June 2018).
international surfing competitions as well as
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Planning
On the 27th September 2017, under reference
PA17/00962; Cornwall Council granted
conditional planning consent for demolition of
the existing hotel, including out buildings and
perimeter boundary walls, and creation of a new
build 74 unit apartment building (comprising
two separate blocks), with under-croft parking
and A3/B1 retail and office space. Our clients
have also sought Pre-Application advice in
relation to increasing the approved scheme by a
further floor, which was met positively.

Section 106 Agreement
There is a Planning Obligation by Agreement,
dated 26 September 2017, and made between
The Cornwall Council and No1 Pentire Limited.
Financial contributions are required in relation to
Affordable Housing, Education, Highway Works,
off site Ecological Mitigation and off site public
open space. We have judged the sum payable to
be £592,420, although Cornwall County Council
have indicated this sum may be reviewed
upon production of a viability statement. The
full document will be provided as part of the
Planning & Technical pack.

There is no requirement to provide any
affordable housing, either onsite or offsite.

Community Infrastructure Levy (CIL)
The approved scheme is not liable for any CIL
payment. The proposed CIL Charging Schedule
is currently in the modification stages as the
Examiner’s Report was received by Cornwall
Council on 9th March 2018. It is the intention
that the CIL Charging Schedule will be adopted
by Cornwall Council following the recommended
modifications provided within the Examiner’s
Report.

Services
The proposed development is to benefit from
mains gas, electricity, water, drainage, and
telecoms connections. The Agents hold on file a
proposed utility strategy which is available upon
request as part of the Planning & Technical pack.
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
General
Local Authority: Cornwall County Council
Planning & Technical Pack: Available on request                                                                                                                                                                                                             Site Plan
                                                                                                                                                                                                                                                            For identification purposes only.
from any of the joint agents, to pre-qualified
parties only.

Method of sale
By way of private treaty. Unconditional offers
invited. Joint venture considered.

Joint Agents
For further information and viewing
arrangements please contact any of
the joint agents:

Alex Entwisle - BNP Paribas Real Estate
Tel: 0117 9848451
Mobile: 07887 058701
Email: alexander.entwisle@bnpparibas.com

Alex Munday - Kitchener Land & Planning
Tel: 01392 879300
Mobile: 07947 561773
Email: alex@klp.land

Jamie Snell - Strutt & Parker
Tel: 01392 229418
Mobile: 07458 136577
Email: jamie.snell@struttandparker.com

Exeter
24 Southernhay West, Exeter, Devon EX1 1PR
01392 215631
exeter@struttandparker.com
struttandparker.com

   @struttandparker
                                                    IMPORTANT NOTICE
   /struttandparker                                 Strutt & Parker gives notice that: 1. These particulars do not constitute an offer or contract or part thereof. 2. All descriptions, photographs and plans are for guidance only and should not be relied upon as statements or representations of fact. All measurements
                                                    are approximate and not necessarily to scale. Any prospective purchaser must satisfy themselves of the correctness of the information within the particulars by inspection or otherwise. 3. Strutt & Parker does not have any authority to give any representations
                                                    or warranties whatsoever in relation to this property (including but not limited to planning/building regulations), nor can it enter into any contract on behalf of the Vendor. 4. Strutt & Parker does not accept responsibility for any expenses incurred by prospective
60 offices across England and Scotland, including   purchasers in inspecting properties which have been sold, let or withdrawn. 5. If there is anything of particular importance to you, please contact this office and Strutt & Parker will try to have the information checked for you. Photographs taken XXXXXXXX
Prime Central London                                2000. Particulars prepared XXXXXXXX 2000. Strutt & Parker is a trading style of BNP Paribas Real Estate Advisory & Property Management UK Limited.
Fistral Bay Hotel, Newquay, Cornwall - Strutt & Parker
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