0 bed Land (for sale) Pentire Avenue, Newquay, Cornwall TR7

£2,750,000
Add to Basket Basket Looks Interesting
agent logo
Strutt & Parker - Exeter
24 Southernhay West, Exeter
01392 976694
First Published

1st Aug 2018

Last Published

23rd Jan 2019

 

Features

  • Type: Land
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

The Site
Measuring approximately 0.584 acres / 0.236 hectares, the site is currently occupied by a derelict, former hotel; The Fistral Bay Hotel, believed to have been built in 1910. Originally a two-storey property, a third storey was added in 1912, and during the Second World War it was one of several large hotels in Newquay requisitioned as a convalescent hospital for the Army, Air Force, and Navy. The hotel ceased trading in 2006 after nearly 100 years of business.

Location
Newquay has been a major tourist destination for more than a century, principally on account of its coastline with nine long and accessible sandy beaches, including Fistral. Around 22,000 people live in Newquay, but the population can increase to 100,000 or more in the summer.

Situated in the favoured Pentire area of Newquay, the site is ideally located for the renowned Fistral Beach; a venue for major international surfing competitions as well as the acclaimed Boardmasters Festival. Other renowned events include Newquay fish festival, Newquay Art-8 festival, Newquay carnival, and the annual Night Surf.

“One of the nation's favourite seaside towns” - Which Holiday Survey.

“Best family holiday destination” – readers of
coast magazine.


“One of the uk's top ten beaches” - Trip
Advisor.


Communications

Rail: Newquay train station, located
approximately one mile distance, handles intercity trains throughout the summer, which include a daily service to and from London in July and August and also further through trains to London, the Midlands and North on Saturdays and Sundays between May and September. It is the only branch line terminus in Britain still handling scheduled intercity trains.



Air: Cornwall International Airport is located approximately six and a half miles distance.
With flights to Spain, Portgual, Germany, and across the UK, including London Gatwick, Stansted, and The Scilly Isles; over 460,000 passengers passed through during 2017 – up 24% on 2016.

Statistical Information
The 2001 census recorded a permanent population of 19,562, increasing to 20,342 at the 2011 census. Recent estimates suggest that the total for the wider Newquay area would rise to 27,862 by 2018 and 30,341 in 2019. (Sources:
Ons & Cornwall Council)

According to the Zoopla Property Group, the average property price in Newquay has increased by 5.3% over the past 12 months, 25.6% over the past five years, 12.7% over the past 10 years, and 269% over the past 20 years (data correct as of June 2018).

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.

General

Local Authority: Cornwall County Council


Planning & Technical Pack: Available on request 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.

 

Local info for TR7

Floor plan

 

Property Value Data/Graphs for TR7

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 43.8% £202,685 1.7 1.3
Semi-detached house 15.1% £272,582 3.2 1.1
Detached house 11% £394,970 4.2 2.6
Terraced house 7.3% £213,063 3 1
Detached bungalow 5% £286,547 3 1.3
End terrace house 4.4% £246,411 3.6 1.4
Bungalow 4.1% £286,146 2.9 1.5
Other 3.8% £226,221 2.1 1.1
Maisonette 1.6% £210,000 2.6 1.2
Semi-detached bungalow 0.9% £226,650 1.7 1
Town house 0.9% £331,650 4.3 1.7
Cottage 0.9% £345,000 3 1.3
Link-detached house 0.6% £215,000 3 1
Land 0.3% £100,000 0 0

Area Information

Average Price Paid

£241,642

Sales

3167

Current Average Value

£248,393

Value Change

£6,751 2.8%

 

Current Asking Prices in TR7 Average: £248,393

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £177,089 (9) £221,979 (36) £275,334 (65) £342,130 (43) £335,444 (9)
Flats £118,108 (52) £226,168 (77) £322,827 (13) £735,000 (2) -
All £126,810 (61) £224,833 (113) £283,249 (78) £359,591 (45) £335,444 (9)

Nearby Properties

3 bed Flat () Seascape, Pentire Avenue, Newquay, Cornwall TR7 £725,000
4 bed End terrace house () Nansledan, Quintrell Road, Newquay, Cornwall TR7 £345,000
4 bed Terraced house () Nansledan, Quintrell Road, Newquay, Cornwall TR7 £345,000
4 bed Terraced house () Nansledan, Quintrell Road, Newquay, Cornwall TR7 £345,000
4 bed Detached house () St Agnes, Truro, Cornwall TR5 £395,000
Property information powered by Zoopla