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Prime Residential Development Opportunity with Detailed Planning Permission

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Prime Residential Development Opportunity with Detailed Planning Permission Prime Residential Development Opportunity with Detailed Planning Permission THE FORMER ROYAL HOTEL HENDERSON STREET . BRIDGE OF ALLAN . STIRLING . FK9 4HG THE FORMER ROYAL HOTEL HENDERSON STREET • Site area extends to 0.81 hectares (2.0 acres) BRIDGE OF ALLAN STIRLING . FK9 4HG • Detailed Planning Permission for 12 Townhouses and 11 Apartments • Situated in one of Central Scotland’s most desirable and attractive residential locations • Prominent position in the centre of the town within walking distance of a wide range of amenities and transportation links 02 THE FORMER ROYAL HOTEL Bridge of Allan is located 3 miles from the heart of Stirling City Centre, on the banks of Allan Water. The town is situated on the northern outskirts of the city, at DUMBLANE 7 minutes' drive the foot of the Ochil Hills. Bridge of Allan Golf Club H Stirling is a centre for local government, higher education, tourism and B824 e n d BRIDGE industry. The Stirling County population has been amongst Scotland’s fastest er OF ALLAN son growing in recent years. With a population of almost 100,000 people, Stirling St A 9 is centrally located between Edinburgh and Glasgow. Almost 50,000 people live in the city and some three million people live within an hour’s Co-op drive of the city. Bridge of Tesco The property is situated on the main thoroughfare of Bridge of Allan, Allan Church within the conservation area. Henderson Street stretches east from A i r t University the bridge over the Allan Water. It contains a mixture of residential h r of e and commercial premises including hotels, shops and restaurants, y Stirling R M9 C with activity concentrated at its western end - the core of the d o A84 r n bustling town centre. to n R d A wide range of local amenities are provided within Bridge of Allan’s traditional town centre. This includes a selection of local shops, a post office, pharmacy, church, public house and community centre. The town offers a variety of cafes, Drip Rd bars and restaurants as well as access to an abundance of greenspace within easy reach of the property, making lifestyle a major draw for this location. Bridge of Allan is well connected by road and rail to Stirling the wider Central Belt, Perth and Scotland’s west Castle coast. Bridge of Allan train station (0.5 miles from the property) provides direct services to Glasgow arton Rd Dumb (40 minutes) and Edinburgh (53 minutes). STIRLING Additionally, the M9 and M80 motorways Stirling 10 minutes' drive provide links to both Edinburgh and Glasgow. Golf Club d R r M9 i u m h g r A905 u B 03 G la s g o w R d ( A 8 7 2 ) M9 M80 Demographics The average 41% of property price in Gross Family Income Bridge of Allan is in Bridge of Allan is in excess of and market statistics 70% higher £55,000 than the Scottish compared Source: JLL / Office for National Statistics / CACI / Zoopla average (£200,100) with only 15% in Scotland. 44% of 62% of homes in Average property price in households in Bridge of Allan Bridge of Allan are set to rise Bridge of Allan are are owned Ranked category A1-A2-A3 outright compared 8% year with 29% in Scotland 11th out of 189 (Lavish Lifestyles / Executive as a whole. on year between Wealth / Mature Money) October 2019 towns and cities Compared with just 20% across in the UK for quality of Scotland as a whole. and October life by 21-44 year olds. 2020 04 Opportunity • An impressive Category C Listed building located in • Proposals include the removal of the modern • The northern most portion of the site occupies an the heart of Bridge of Allan’s bustling town centre. extensions and outbuildings to the west of the hotel elevated position offering stunning views over the and reinstatement of the original hotel building and Stirling skyline including Stirling Castle. • Bridge of Allan is an affluent town, popular with sandstone addition to the east wing, as per planning homeowners due to a wide range of local amenities, application 20/00363/FUL. • With limited releases of residential land and a proven strong infrastructure links and attractive scenery. track record of residential demand in Stirling, this • The layout of the hotel easily lends itself to residential property represents a unique opportunity with full • Henderson Street boasts a lively town centre which apartments without the need to amend the existing planning permission already in place. contrasts with the quiet residential streets and principle facades. attractive countryside beyond. 05 THE FORMER ROYAL HOTEL 06 THE FORMER ROYAL HOTEL Description Extending to 0.81 hectares (2.0 acres), Buildings surrounding the property are The Royal Hotel presents an opportunity to predominately Victorian, in a variety of purchase a vacant property with planning architectural styles ranging from 2-storey consent for residential. The property is a large symmetrical mid-19th century villas, single late classical hotel building extending over storey shops, and 3-storey tenements and three storeys plus a basement. The property large hotels. includes outbuildings to the west and a modern extension. The C Listed hotel fronts The property is at the heart of the town centre, onto Henderson Street and is surrounded benefiting from an excellent range of local by tarmac and parking to the east and amenities and attractions. The site lies within west, backing on to Well Road to the rear the catchment of Bridge of Allan Primary (north). The property also includes an area of School and Wallace High School, both of woodland to the rear. which are well regarded state schools with high levels of exam performance. Henderson Street comprises a mixture of residential and commercial premises. Well Road Planning Lesser Westerton Wood Full Planning Consent (reference: poor-quality extensions / outbuildings 51 20/00363/FUL) has been secured for the for development of the townhouses. A 47 conversion of the existing hotel building more detailed description of the listing to 11 residential apartments and the can be found on Historic Environment 49 erection of 12 townhouses within the Scotland’s website: grounds with associated parking and amenity. The Decision Notice was issued Click to view Historic Environment in December 2020. Scotland’s website 52 Click to view planning applications Bobby Halliday Architects have 56 54 designed an indicative layout 58 The site is located within the Bridge comprising townhouse and apartment 62 Henderson St 60 66 64 of Allan Conservation Area and the accommodation. 68 to 70 to 68 property is Category C Listed. Proposals 72 54 57 59 61 assume conversion of the Listed building Detailed floor plans can 63 76 74 65 into apartments and demolition of be found in data room. 78 67 82 54 2 4 84 07 THE FORMER ROYAL HOTEL Accommodation Schedule Net Area Net Area Total Total Townhouse Type Sq M Sq Ft Number Sq M Sq Ft 3 Bed Type 1 Over 2 Floors 110 1,184 3 330 3,552 3 Bed Type 1a Over 2 Floors 107 1,152 5 535 5,760 3 Bed Type 2 Over 3 Floors 128 1,378 4 512 5,512 TOWNHOUSE TOTAL 12 1,377 14,824 Net Area Net Area Total Total Apartment Type Sq M Sq Ft Number Sq M Sq Ft Ground Floor 1 1 Bed Studio 45 485 1 45 485 Ground Floor 2 3 Bed Apartment 148 1,593 1 148 1,593 Ground Floor 3 2 Bed Apartment 104 1,120 1 104 1,120 First Floor 1 2 Bed Apartment 82 883 1 82 883 First Floor 2 2 Bed Apartment 117 1,260 1 117 1,260 Henderson Street First Floor 3 3 Bed Apartment 105 1,130 1 105 1,130 First Floor 4 2 Bed Apartment 87 936 1 87 936 Second Floor 1 2 Bed Apartment 88 947 1 88 947 Second Floor 2 2 Bed Apartment 113 1,216 1 113 1,216 Second Floor 3 3 Bed Apartment 110 1,184 1 110 1,184 Second Floor 4 2 Bed Apartment 90 969 1 90 969 APARTMENT TOTAL 11 1,089 11,723 TOTAL DEVELOPMENT 23 2,466 26,547 08 THE FORMER ROYAL HOTEL HENDERSON STREET . BRIDGE OF ALLAN . STIRLING . FK9 4HG Technical Information Viewing Arrangements A range of recent technical information is available Please contact JLL to arrange a viewing. A schedule of on request: internal photographs is available within the Data Room. • Approved Proposed and Existing Floorplans (CAD / PDF) • Approved Proposed Accommodation Schedule Further information • Copy of the Detailed Planning Consent Ref 20/00363/FUL and associated conditions For all enquiries and requests for further information, please • Topographical Survey (CAD / PDF) contact Jason Hogg or Amy Nuttall in the Residential and • Asbestos Report Development Land team at JLL. • Title Plan • Schedule of internal photographs • Bridge of Allan Demographics Summary (Acorn 2020) • EPC Certificate Amy Nuttall Jason Hogg [email protected] [email protected] Offers 07720 070 353 07775 816 038 Interested parties are advised to note their interest in writing to the sole selling agent JLL. Disclaimer JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set out as a general outline only for guidance and The sellers are seeking unconditional offers for the do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details Heritable Interest in the site as one lot, exclusive of VAT.
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