GREENBANK HOLIDAY FLATS 25 PORTH WAY PORTH NR NEWQUAY TR7 3LW

OF INTEREST TO DEVELOPERS INVESTORS AND OWNER OCCUPIERS

ON THE INSTRUCTIONS OF THE JOINT TRUSTEES GR FRAMPTON Esq. & HM ADAM Esq.

A PERIOD BUILDING CONVERTED AND EXTENDED TO PROVIDE 10 SELF CONTAINED HOLIDAY APARTMENTS TOGETHER WITH A DETACHED TWO BEDROOMED COTTAGE ALL IN NEED OF VARYING DEGREES OF MODERNISTION AND/OR IMPROVEMENT WITH ASSOCIATED CAR PARKING AND GARDENS.

THESE HOLIDAY FLATS WE BELIEVE TO BE IN A SUPERB POSITION APPROX 250M FROM PORTH BEACH WITHIN AN AREA BENEFITTING FROM MANY COMPLIMENTARY LEISURE BUSINESSES

FOR SALE BY INFORMAL TENDER ( UNLESS PREVIOUSLY SOLD) GUIDE PRICE £400,000 CLOSING DATE 12 NOON WEDNESDAY 23RD JUNE 2010

VIEWING STRICTLY BY APPOINTMENT

Situation and Description

Greenbank Holiday Flats are located in Porth , a popular holiday destination approximately 1 mile from central Newquay, opposite Porth Veor Manor Hotel and Restaurant complex. Please see the attached location / site plan.

Within about 250 yards from the site is the delightful sandy Porth Beach. There are numerous complimentary businesses within the area, with a much greater choice for the self catering holidaymaker within Newquay town centre itself.

The dramatic coast line, towering cliffs and fine beaches with plentiful Atlantic surf together and idyllic fishing villages like Padstow and Port Isaac never fails to attract visitors all year around to the region.

Greenbank, an imposing period building, we understand was built for a local businessman as a residence in 1871.Over the years it has had various uses and has been extended. The main property was converted to 10 self contained flats around 1980.The flats are of varying size and used to cater for between 2 and 6 guests. Please see www.greenbankholidayflats.co.uk .

The detached cottage lies across the car park and has been occupied as a permanent residence for many years.

Planning Consent,Notices & Licenses

Planning consent, application 80/518 for the conversion of existing holiday flats with shared bathrooms to self contained holiday flats was passed in 1980,conditional upon their use as holiday accommodation only and not for permanent residential accommodation.

We understand from Cornwall planning authority that the premises are within the Newquay development area and alternative consents would be considered subject to agreeing any necessary S106 agreements. Prospective purchasers should make their own enquiries to Cornwall Council on 0300 1234 151

Cornwall County Fire brigade recently served on this property requiring the premises to comply with current fire safety legislation. The notice period within which to comply has expired and therefore before they premises are reopened upgrading works including the installation of a suitable detection and alarm system are required. The fire upgrade or planning restriction does not relate to the detached cottage which has been in permanent residential occupation by the owners. Further details available on request.

The premises do not have an alcohol license.

Business

The property has ceased trading and there are no trading accounts available. The property is being sold with vacant possession upon completion.

Accommodation (All measurements are approximate)

Main Building

Ground Floor entrance hallway with stairs leading to first floor

Flat 8 Lounge / Kitchen 4.76m x 2.95m (into bay) Bedroom 3.38m x 1.68m Shower room WC and wash hand basin

Flat 9 Lounge / Kitchen 5.48m x 4.33m (excl bay) Bedroom 2.05m x 3.18m Bedroom 3.36m x 2.94m Shower room WC and wash hand basin

Flat 10 Lounge / Kitchen ‘L’ shaped - 4.80m x 2.27m + 4.5m x 2.30m Bedroom 2.85m x 3.94m Shower room WC and wash hand basin

Laundry Room 2.90m x 2.66m

Boiler room 4.86m x 5.13m

First Floor

Flat 1 (Sea Views) Lounge / Kitchen 4.40m x 3.62m Bedroom 3.09m x 2.43m Shower room WC and wash hand basin

Flat 2 ( Sea Views) Lounge / Kitchen 5.07m x 3.63m Bedroom 3.75m x 3.09m Shower room WC and wash hand basin

Flat 3 Lounge / Kitchen 2.57m x 3.77m Bedroom 2.54m x 3.80m Shower room WC and wash hand basin

Flat 4 (Under Construction) Lounge / Kitchen 5.12m x 3.09m Bedroom 2.15m x 3.97m

Access to attic 6.77m x 3.77m restricted stairway and height. If inspecting mind your head! Access to further attic space not boarded.

Flat 5 Lounge / Kitchen 4.89m x 2.34m Bedroom 3.64m x 2.34m Shower room WC and wash hand basin

Flat 7 Lounge / Kitchen 5.00m x 3.36m Bedroom 2.76m x 3.89m Bedroom 2.55m x 3.27m Shower room WC and wash hand basin

Flat 6

Part of main building but with self contained external Ground floor access Lounge 2.70m x 4.88m max Kitchen Diner 2.96m max to 1.63m min x 4.53m Bedroom 3.89m x 2.65m Shower room WC and wash hand basin

Detached Cottage

Entrance into Open plan Lounge Dining room and Kitchen 9.06m x 3.75m Feature fireplace with fitted electric fire, fitted kitchen with range of units and fitted work surfaces.

Feature stairway to

First floor landing with airing cupboard and gas boiler for water and heat Main Bedroom 3.79m max x 3.73m fitted bedroom furniture Guest room 2.98m x 3.60m fitted bedroom furniture Bathroom bath with shower over WC and Wash hand basin Attached to the cottage is a former garage now a workshop / store Front area 5.00m x 4.23m rear area 4.60m X 4.04m

Outside

The grounds are mainly laid to lawn with some mature shrubs and trees.

There is a good size car park and the extent of the property is shown on the site plan attached.

Asbestos and Asbestos related products

A recent asbestos survey has identified asbestos being present in this building. This is not an uncommon occurrence in a building converted over 30 years ago as asbestos was a common building material used for many applications.

The material found in flat 4 was analised as asbestos cement sheeting a relatively low risk product we understand. Shield Environmental services have inspected and sealed the exposed boarding and issued a clean air certificate for the premises. A copy of the asbestos report is available for inspection if required. Further details are available upon request.

Services

We understand that all mains services are connected

Energy Performance Certificate

An EPC has been carried out on the premises and is available for inspection upon request.