Trengweath Hospital Site, Penryn Street, Redruth, Cornwall, TR15 2SP

Guide Price* : £150,000

Former Hospital with Development Potential (subject to planning)

  • Large Town Centre development opportunity
  • Potential for 28 new homes (subject to planning)
  • 2.38 acres (0.963 hectares)

Description

The property comprises a large, Georgian building with several extensions and outbuildings and was formerly used as a hospital. The buildings lie within extensive grounds which in part previously allowed for parking of up to 40 cars.

The main hospital building comprises basement, ground and first floor accommodation. There is also a day care centre arranged across the ground floor and a Cottage arranged across ground and first floors.

We envisage the property would suit conversion/development to provide residential accommodation (subject to planning) and indicative drawings for schemes of up to 28 homes are available on request.

The total site area is 2.38 acres (0.963 hectares).

Location

The property is located to the south west of Redruth, a large town in Cornwall nine miles to the west of Truro. To the east of the property is Fairfields Park, to the north east is St Rumons Social Club . The site is bound by the mainline railway to the south, Penryn Street to the east and West End Road to the north.

Redruth Railway Station is serviced by Great Western Railway providing connection to London Paddington, Penzance, Exeter St Davids and Plymouth.

Tenure

Freehold

Planning

Whilst there is no planning permission in place, the property is considered suitable for redevelopment to provide residential accommodation, and indicative drawings for several schemes are available upon request.

The property has received positive response to pre-application advice under application PA20/01828/PREAPP.

Planning Authority

Cornwall Council - www.cornwall.gov.uk

VAT

The property is elected for VAT

Accomodation

Address Accommodation Sq M Sq Ft
Main Building Basement 30.9 333
Main Building Ground Floor 605.5 6,518
Main Building First Floor 560.6 6,034
Day Care Centre Ground Floor 352.4 3,793
Cottage Ground Floor 137.3 1,478
Cottage First Floor 36.5 393
Total 1,723.2 18,549

Contact

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Bidding not yet open
Minimum Opening Bid

£100,000


Bidding Opens On
16th Dec 2020 12:00
End Date

Connecting to server...

The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Max Mason
07917 865 212

Legal Documents

Log in to view legal documents

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton November 2020

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.