DOCSLIB.ORG

28-29 Central Park Avenue PLYMOUTH PL4 6DE

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
28-29 Central Park Avenue PLYMOUTH PL4 6DE 28-29 Central Park Avenue PLYMOUTH PL4 6DE HIGH YIELDING REVERSIONARY OFFICE INVESTMENT WITH UNDERLYING REDEVELOPMENT POTENTIAL Investment Summary • Excellent location adjacent to Plymouth Railway • Total rent of £336,066 per annum reflecting low • Offers are sought in excess of £3,500,000 (Three Station. base of £6.26 psf. Million Five Hundred Thousand Pounds) • Four storey building fronting Central Park Avenue • Landlord early surrender option to redevelop part subject to contract. totalling 53,652 sq ft. from 1 April 2020. • Net initial yield of 9.02%, after allowing for • Fully let to strong covenant, University of • Alternative use / redevelopment potential. purchaser’s costs of 6.50%. Plymouth, with 7 years unexpired. • 1954 Act security of tenure provisions excluded. • Capital value of only £65 psf overall. Location A39 Exmoor Plymouth is a regional centre located in the south west corner of Devon, and is the gateway Barnstaple to Cornwall. The city has a population of approximately 262,700 and is the largest urban Taunton A39 centre on the South West Coast. With an estimated catchment population of 465,000, Bideford Plymouth is ranked 25th in the 100 PROMIS centres in terms of catchment sizes. A386 A377 A303 M5 Bude Plymouth is accessed to the north east via the M5 and A38, and the A38 continues west A30 linking the city with the rest of the South West peninsula. Exeter is located 45 miles to the A39 A30 north east with Bristol and London 120 miles and 200 miles distant respectively. Exeter A30 A386 Dartmoor Plymouth Central Station is situated on the northern edge of the city centre and provides A388 A30 A380 regular direct rail services to Exeter (55 minutes), Bristol (2 hours 15 minutes) and London A39 A38 Newquay A390 Plymouth (3 hours). Torquay Plymouth’s economy has been historically strongly influenced by naval and marine activity A39 having the largest operational naval base in Western Europe. The city’s local economy A390 has improved its overall balance with a shift towards the service and public sector. The Falmouth Penzance University of Plymouth is a major employer with a student population of approximately A394 30,000, making it one of the largest in the country.. Tourism is another major influence on the Plymouth economy with an estimated 11.8 million domestic and foreign tourists visiting the city annually, injecting an estimated £360 million into the economy. Situation 28-29 Central Park Avenue The property is located on the south side of Central Park Avenue, directly north of the Railway Station Plymouth Central Railway Station and to the south of Central Park. The City Centre and University of Plymouth’s main campus are five minutes’ walk to the south. The property is highly visible to passing traffic with frontage to Pennycomequick roundabout, which forms part of the strategic road network and is a major gateway into the City Centre from the Plymouth north. City Centre Plymouth Railway Station is the focus of a major masterplan redevelopment to provide Barbican enhanced station passenger facilities including new entrance and car parking as well Royal as hotel, retail, restaurant and leisure uses, apartments, student accommodation and Marine University faculty space / offices. The first phase comprising a 10,000 sq m landmark Ferry Hoe Aquarium University faculty block together with new station entrance, multi-storey car park and Port Park public realm is expected to be delivered in time for the City’s international Mayflower 400 celebrations in 2020. City College Plymouth Plymouth Pavillions Hoe Park Theatre Royal Plymouth Guildhall City and Retail Centre Coach Station Drake Circus The Property Railway Station Plymouth University Campus 28-29 Central Park Avenue Description The property comprises a four storey, 1920s red brick building fronting Central Park Avenue together with a 1970s concrete framed gantry style extension block raised on columns to the rear. Externally, a barrier controlled rear car park provides 104 secure car parking spaces. This reflects an excellent parking ratio of 1:506 sq ft. The property occupies a site of 0.76 hectares (1.88 acres). The property is currently let to, and in the process of being converted by, the University of Plymouth to provide faculty and supporting IT and administrative accommodation. Refurbishment The University of Plymouth is extensively refurbishing the building prior to its occupation. The tenant Works are detailed in the Agreement for Lease which contains energy efficiency, compliance and other works including: • Upgraded cooling system • New catering and toilet facilities • Upgraded heating system • New partitions • Upgraded ventilation system • New doors • New platform lift in reception • New ceiling grid system • New UPS • New flooring • New data cabling scheme • Internal decorations • New lighting and emergency lighting scheme The landlord is bearing the costs of the Energy Efficiency and Compliance Works via an initial stepped rent arrangement. Accommodation The lease is subject to a mutual break option on the fifth anniversary. The landlord must provide no less than 12 months’ prior notice and have obtained full planning permission The property is arranged over lower ground, ground and two upper floors and provides a to change the permitted use of the property to a use other than office or educational use, total Gross Internal Area of 6,251 sq m (67,286 sq ft). The net internal areas are as follows: subject to various conditions. The tenant must provide no less than 6 month’s’ prior notice and pay a break penalty of £30,000. Basis: NIA An additional rental of £1,066 per annum is recieved from Edifice Managed Access Description Sq m Sq ft Limited for an advertising hoarding on the site. Notice has been served on Edifice and the agreement will terminate on 29th March 2019 as part of the sale. Edifice would be Lower Ground 607.91 6,544 prepared to negotiate a new agreement with a purchaser of the investment. Ground 734.84 7,910 The total rental income is therefore £336,066 per annum. First 811.88 8,739 Second 2,829.74 30,459 Option Land Total 4,984.37 53,652 The lease contains an option for a partial surrender and sale of a 0.26 hectares (0.63 acres) area, outlined black on the plan below. The option can be triggered after 18 months from the lease start once full planning consent has been secured. Tenure Freehold. Tenancy The property is let in its entirety to the University of Plymouth for a term of 7 years from 1st October 2018.. The lease provides a stepped rental profile as detailed below; • £110,000 per annum (£2.05 psf) from 1st October 2018 to 30th September 2020 • £175,000 per annum (£3.25 psf) from 1st October 2020 to 30th September 2022 • £335,000 per annum (£6.25 psf) from 1st October 2022 until the determination of the term. The vendor proposes topping up the reduced rent to £335,000 per annum. The aggregate amount of the top up rents will be deducted from the purchase price prior to completion. The property is let on full repairing and insuring terms subject to a photographic schedule of condition. The lease is outside the security of tenure provisions of the 1954 Act. Covenant Status The income generated by the University for the year to 31 July 2017 increased from £239.2m to £252.8m (5.7%) generating a surplus after tax of £3.6m. Of the 13.6m increase in income, The University of Plymouth was founded in 1992 however the origins of the University date £8.6m arises from the final stages of the University’s participation in the Regional Growth Fund. back to 1862. The University is currently ranked 2nd in the UK and 86th Globally in the 2018 Whilst overall net surplus remains relatively low, the University’s operations have generated Times Higher Education Young University Rankings and has approximately 18,000 students. £29.5m of cash before capital spend in 2016/17 to support ongoing investment. Consistently ranked as one of the leading universities in the UK, and awarded a Queen’s Anniversary Prize for Higher and Further Education in 2012, Plymouth has a strong record of excellence, enterprise and innovation across its teaching and research activities. Plymouth Office Market With around 30,000 students, including those studying higher education at its partner colleges throughout the South West, the University is one of largest in the UK. It enjoys a high rate The Plymouth office market exceeded expectations in 2017 with take up totalling 116,226 of graduate employment and has recently invested more than £150 million in its estate and sq ft and the number of transactions increasing 59% in comparison to 2016. Existing office facilities to enhance the student experience and support world-class research. stock in Plymouth is approximately 3.65 million sq ft and current availability stands at only 230,000 sq ft reflecting 6.30%, down from 11.23% at the start of the year. Demand is high Plymouth has embedded sustainability across its operations, and is the overall best performing with a large number of requirements currently in the market and supply is likely to remain university in the People & Planet Green League. constrained as existing buildings are converted to alternative uses and the development of The University intends to invest a further £250 million in its campus facilities over the next 10 new build is limited. years with initial phases comprising redevelopment of part of Plymouth Central Station to Grade A office rents remain at £15.00-£16.00 psf, however, rents for secondary stock are provide new teaching space for the Faculty of Health & Human Sciences increasing slightly where greater demand exists.
Load more

Recommended publications
  • Bargain Booze Limited Wine Rack Limited Conviviality Retail
    www.pwc.co.uk In accordance with Paragraph 49 of Schedule B1 of the Insolvency Act 1986 and Rule 3.35 of the Insolvency (England and Wales) Rules 2016 Bargain Booze Limited High Court of Justice Business and Property Courts of England and Wales Date 13 April 2018 Insolvency & Companies List (ChD) CR-2018-002928 Anticipated to be delivered on 16 April 2018 Wine Rack Limited High Court of Justice Business and Property Courts of England and Wales Insolvency & Companies List (ChD) CR-2018-002930 Conviviality Retail Logistics Limited High Court of Justice Business and Property Courts of England and Wales Insolvency & Companies List (ChD) CR-2018-002929 (All in administration) Joint administrators’ proposals for achieving the purpose of administration Contents Abbreviations and definitions 1 Why we’ve prepared this document 3 At a glance 4 Brief history of the Companies and why they’re in administration 5 What we’ve done so far and what’s next if our proposals are approved 10 Estimated financial position 15 Statutory and other information 16 Appendix A: Recent Group history 19 Appendix B: Pre-administration costs 20 Appendix C: Copy of the Joint Administrators’ report to creditors on the pre- packaged sale of assets 22 Appendix D: Estimated financial position including creditors’ details 23 Appendix E: Proof of debt 75 Joint Administrators’ proposals for achieving the purpose of administration Joint Administrators’ proposals for achieving the purpose of administration Abbreviations and definitions The following table shows the abbreviations
    [Show full text]
  • Date of Birth
    STAGECOACH SOUTH WEST Schedule of Last buses for Saturday 24 & 31 December 2016 Plymouth and South Devon Area 1 Last bus from Royal Parade to Tavistock 2100 Last bus from Derriford Hospital to Tavistock 2119 Last bus from Tavistock to Royal Parade 2000 X1 Normal Saturday Service 2/2A Last bus from St Stephens to Royal Parade (2) 2026 Last bus from Latchbrook to Royal Parade (2A) 2057 Last bus from Saltash Fore St to Royal Parade 2107 Last bus from Royal Parade to Mount Batten 2000 Last bus from Mount Batten to Royal Parade 2026 Last bus from Royal Parade to St Stephens (2) 2000 Last bus from Royal Parade to Latchbrook (2A) 2030 Last bus from Royal Parade to Saltash Fore St 2030 3 Normal Saturday Service X38 Normal Saturday Service X64 Normal Saturday Service 89 Normal Saturday Service 90 Last bus from Dartmouth to Townstal 2030 Last bus from Townstal to Dartmouth 2047 100 Normal Saturday Service 200 Normal Saturday Service Gold Torquay - Plymouth Last bus from Torquay to Plymouth 1810 The 2040 departure from Torquay Strand will terminate at the Totnes at 2116 Last Bus from Paignton to Plymouth 1835 The 2040 departure from Paignton will terminate at the Totnes at 2116 Last bus from Totnes to Plymouth 1900 Last bus from Plymouth to Paignton and Torquay 2010 Last bus from Totnes to Paignton and Torquay 2115 South West Falcon – Christmas Eve Last Coach from Plymouth to Bristol 1720 Last Coach from Plymouth to Exeter and Taunton 1830 Last Coach from Exeter (Honiton Road) to Bristol 1835 Last Coach from Exeter (Honiton Road) to Taunton 1940 Last Coach from Taunton to Bristol 1912 Last Coach from Bristol to Plymouth 2100 Last Coach from Bristol Airport to Plymouth 2130 Last Coach from Taunton to Plymouth 2223 Last Coach from Exeter (Honiton Road) to Plymouth 2305 Normal Saturday Service on New Year’s Eve Christmas and New Year Bus Services 2016/2017 Stagecoach South West will operate the following service in during the above period: Saturday 24 December Normal Saturday Service but last buses approx.
    [Show full text]
  • Easy-Going Dartmoor Guide (PDF)
    Easy- Contents Introduction . 2 Key . 3 Going Dartmoor National Park Map . 4 Toilets . 6 Dartmoor Types of Walks . 8 Dartmoor Towns & Villages . 9 Access for All: A guide for less mobile Viewpoints . 26 and disabled visitors to the Dartmoor area Suggested Driving Route Guides . 28 Route One (from direction of Plymouth) . 29 Route Two (from direction of Bovey Tracey) . 32 Route Three (from direction of Torbay / Ashburton) . 34 Route Four (from direction of the A30) . 36 Further Information and Other Guides . 38 People with People Parents with People who Guided Walks and Events . 39 a mobility who use a pushchairs are visually problem wheelchair and young impaired Information Centres . 40 children Horse Riding . 42 Conservation Groups . 42 1 Introduction Dartmoor was designated a National Park in 1951 for its outstanding natural beauty and its opportunities for informal recreation. This information has been produced by the Dartmoor National Park Authority in conjunction with Dartmoor For All, and is designed to help and encourage those who are disabled, less mobile or have young children, to relax, unwind and enjoy the peace and quiet of the beautiful countryside in the Dartmoor area. This information will help you to make the right choices for your day out. Nearly half of Dartmoor is registered common land. Under the Dartmoor Commons Act 1985, a right of access was created for persons on foot or horseback. This right extends to those using wheelchairs, powered wheelchairs and mobility scooters, although one should be aware that the natural terrain and gradients may curb access in practice. Common land and other areas of 'access land' are marked on the Ordnance Survey (OS) map, Outdoor Leisure 28.
    [Show full text]
  • Family and Heirs Sir Francis Drake
    THE FAMILY AND HEIRS OF SIR FRANCIS DRAKE BY LADY ELIOTT-DRAKE WITH PORTRAITS AND ILLUSTRATIONS IN TWO VOLUMES VOL. II. LONDON SMITH, ELDER & CO., 15 WATERLOO PLACE, S. W. 1911 [All rights reserved} THE FAMILY AND HEIRS OF SIR FRANCIS DRAKE VOL. II. cJ:-, · ,<Ji-a II c/.) (sf) ra l<e 9/1 ,·,v !J3CLl'O/l-et CONTENTS OF THE SECOND VOLUME PART V SIR FRANCIS DRAKE, THIRD BARONET, 1662-1717 OBAl'TER PAGE CBAl'TER PAGE I. 3 V. 117 II. 28 VI. 142 III. 55 VII. 169 IV. 87 VIII. 195 PART VI SIR FRANCIS HENRY DRAKE, FOURTH BARONET, 1718-1740 OBAPTER PAGE I. 211 PART VII SIR FRANCIS HENRY DRAKE, FIFTH BARONET, 1740-1794 CIIAl'TER PAGE CHAPTER PAGE I. 237 IV. 290 II. 253 V. 310 III. 276 VI. 332 PAGE APPENDIX l. 343 APPENDIX II. 360 INDEX • 403 ILLUSTRATIONS IN THE SECOND VOLUME Sm FRANCIS DRAKE, TmRD BARONET Frontispiece (From a Miniature b11 Sir Peter Lel11) DOROTHY, LADY DRAKE (DAUGHTER Ol!' SIR JOHN BAM• FIELD), WIFE OF TmRD BARONET To face p. 8 SIR HENRY POLLEXFEN, CmEF JUSTICE OF THE COMMON PLEAS • " 76 SAMFORD SPINEY CHURCH 138 ANNE, LADY DRAKE (DAUGHTER OF SAMUEL HEATHCOTE), WIFE OF FOURTH BARONET 218 SIR FRANCIS HENRY DRAKE, FOURTH BARONET 234 Sm FRANCIS HENRY DRAKE, FIFTH BARONET • 234 BEERALSTON 253 BUCKLAND ABBEY 274 Mrss KNIGHT 294 (F'rom a Painting by Sir Joshua Reynolds) ADMIRAL FRANCIS WII,LIAM DRAKE 310 DRAKE'S DRUM 338 PART V SIR FRANCIS DRAKE, 3RD BARONET 1662-1717 PARTY CHAPTER I As we pass from the life story of Sir Francis Drake, the ' Par­ liamentarian ' baronet, to that of his nephew and heir, Francis, only surviving son of Major Thomas Drake, we feel at first as though we were quitting old friends for the society of new and less interesting companions.
    [Show full text]
  • Leatside Yelverton • Devon
    LEATSIDE YELVERTON • DEVON LEATSIDE YELVERTON • Devon A 1930s built family home in lovely, original order with a beautifully landscaped garden Entrance hall • Cloakroom • Sitting Room Dining Room • Kitchen / breakfast room • Utility area Numerous storage cupboards 7 bedrooms • 2 bathrooms Large gardens Tavistock 6 miles • Plymouth 9 miles • A38 7½ miles (distances approximate) Situation Yelverton is known as one of the gateways to Dartmoor, just inside the edge of the National Park, between Tavistock and Plymouth. The village provides a good selection of shops, including a supermarket, pharmacy, doctors, dentist, a bank, butchers, hairdresser, garage, post office, hotels and inns. The ancient stannary town of Tavistock, to the north, has private education facilities with Kelly College, whilst to the south the portside city of Plymouth provides excellent, educational (including Plymouth College and two Universities), recreational and shopping facilities. There are mainline railway stations to London (Paddington) and ferries to the Continent. Dartmoor is renowned for its spectacular scenery, with its tors, heather clad moorland and wooded valleys, bisected by rushing streams and rivers. There are many opportunities locally for fishing, walking, riding, climbing and cycling, together with the Drakes Trail cycle route, running from Tavistock to Plymouth, passing the entrance to the property, while about 4 miles away is the stunningly beautiful Burrator reservoir. The South Devon coast, with its beaches, estuaries and coastal walks, together with excellent facilities for sailing at Plymouth Sound and on the estuaries of the River Tavy and Tamar, are all within easy reach, while further afield there are the famous centres of Salcombe and Dartmouth.
    [Show full text]
  • 2Travel in the Tamar Valley – Baseline 2 Mapping
    Quality Assurance Document Management Document Title Error! No text of specified style in document. Name of File 20157C REP Tamar Valley Line Evaluation Report JT 2.docx Last Revision Saved On 17/05/2018 15:20:00 Version FINAL Prepared by JA/MM/MR/RT Checked by JT Approved by JT Issue Date 17 May 2018 Copyright The contents of this document are © copyright The TAS Partnership Limited, with the exceptions set out below. Reproduction in any form, in part or in whole, is expressly forbidden without the written consent of a Director of The TAS Partnership Limited. Cartography derived from Ordnance Survey mapping is reproduced by permission of Ordnance Survey on behalf of the Controller of HMSO under licence number WL6576 and is © Crown Copyright – all rights reserved. Other Crown Copyright material, including census data and mapping, policy guidance and official reports, is reproduced with the permission of the Controller of HMSO and the Queen’s Printer for Scotland under licence number C02W0002869. The TAS Partnership Limited retains all right, title and interest, including copyright, in or to any of its trademarks, methodologies, products, analyses, software and know-how including or arising out of this document, or used in connection with the preparation of this document. No licence under any copyright is hereby granted or implied. Freedom of Information Act 2000 The TAS Partnership Limited regards the daily and hourly rates that are charged to clients, and the terms of engagement under which any projects are undertaken, as trade secrets, and therefore exempt from disclosure under the Freedom of Information Act.
    [Show full text]
  • Final Recommendations on the Future Electoral Arrangements for the City of Plymouth
    Final recommendations on the future electoral arrangements for the City of Plymouth Report to the Secretary of State for Transport, Local Government and the Regions December 2001 LOCAL GOVERNMENT COMMISSION FOR ENGLAND © Crown Copyright 2001 Applications for reproduction should be made to: Her Majesty’s Stationery Office Copyright Unit. The mapping in this report is reproduced from OS mapping by the Local Government Commission for England with the permission of the Controller of Her Majesty’s Stationery Office, © Crown Copyright. Unauthorised reproduction infringes Crown Copyright and may lead to prosecution or civil proceedings. Licence Number: GD 03114G. This report is printed on recycled paper. Report no 265 ii LOCAL GOVERNMENT COMMISSION FOR ENGLAND CONTENTS page WHAT IS THE LOCAL GOVERNMENT COMMISSION FOR ENGLAND? v SUMMARY vii 1 INTRODUCTION 1 2 CURRENT ELECTORAL ARRANGEMENTS 3 3 DRAFT RECOMMENDATIONS 7 4 RESPONSES TO CONSULTATION 9 5 ANALYSIS AND FINAL RECOMMENDATIONS 11 6 WHAT HAPPENS NEXT? 29 APPENDIX A Final Recommendations for Plymouth: 31 Detailed Mapping A large map illustrating the proposed ward boundaries for Plymouth city centre is inserted inside the back cover of this report. LOCAL GOVERNMENT COMMISSION FOR ENGLAND iii iv LOCAL GOVERNMENT COMMISSION FOR ENGLAND WHAT IS THE LOCAL GOVERNMENT COMMISSION FOR ENGLAND? The Local Government Commission for England is an independent body set up by Parliament. Our task is to review and make recommendations on whether there should be changes to local authorities’ electoral arrangements. Members of the Commission are: Professor Malcolm Grant (Chairman) Professor Michael Clarke CBE (Deputy Chairman) Peter Brokenshire Kru Desai Pamela Gordon Robin Gray Robert Hughes CBE Barbara Stephens (Chief Executive) We are required by law to review the electoral arrangements of every principal local authority in England.
    [Show full text]
  • Drake's Drinker
    Drake’s CAMPAIGN FOR Drinker REAL ALE Winter 2016/17 Magazine of the Plymouth Branch of the Campaign for Real Ale 5000 copies printed and distributed for readership 2 Magazine Editor: Andrew Richardson Membership Secretary: Alan Warden [email protected] [email protected] Branch Secretary: Ian Daniels Advertising Manager:Dan Scott [email protected] [email protected] 01752 603753 Social Secretary: Simon Claringbold Drake’s Drinker Viewpoints [email protected] [email protected] Drake’s Drinker Advertising Rates Page Area Single Edition Four Editions One quarter page £50.00 £180.00 Half page £95.00 £320.00 Full page £145.00 £500.00 Page 2 £160.00 £520.00 Inside back cover £160.00 £520.00 Back page £190.00 £600.00 Publication Date: Future Dates: 20 February 2017; 22 May 2017. All Mondays Copy Deadline: Future Dates: 6 February 2017; 8 May 2017. All Mondays Payment Methods: cash or cheque (made payable to Plymouth and West Devon CAMRA); other payment methods – by prior arrangement (ie electronic transfer) Advertising copy: to be emailed to Advertising Manager, Dan Scott, details below. Advert format: PDF, MS Word preferred, although any accepted. Advert max file size: if emailed, max size is determined by email client, usually less than 8MB. If larger file size, supply on disc/flash drive (which will be returned). If in any doubt, please contact Dan. Contact details: Drake’s Drinker Editor: Andrew Richardson Email [email protected] or ring 07546937596 Advertising Manager: Dan Scott Email [email protected] 01752 603753 Drake’s Drinker Advertising, 86 Merrivale Road, Plymouth, Devon PL2 2RP.
    [Show full text]
  • British Transport Police Authority DATE: 27 January 2011 SUBJECT: Chief Constable’S Report SPONSOR: Chief Constable AUTHOR: PI Robin Edwards
    PROTECTIVE MARKING: NOT PROTECTIVELY MARKED BRITISH TRANSPORT POLICE Agenda Item 3 REPORT TO: British Transport Police Authority DATE: 27 January 2011 SUBJECT: Chief Constable’s Report SPONSOR: Chief Constable AUTHOR: PI Robin Edwards 1. PURPOSE OF REPORT 1.1 The purpose of this report is to provide members with an overview of activity within British Transport Police (BTP) since the last report to the British Transport Police Authority (BTPA) on 9 December 2010. 2. PERFORMANCE OVERVIEW 2.1 For the period 1 April to 16 January 2011, BTP is achieving 9 of the 15 national targets set in the 2010/11 Policing Plan. Appendix A details full performance data for the above period. There has been a 2.1% reduction in Staff Assaults across the force and a 1% increase in detections to 52% compared to last year. Other areas of note are a 6.5% reduction in Serious Public Disorder offences, 4.8% reduction in Violence against the Person offences, 11.8% reduction in Serious Line of Route offences and 12% reduction in Criminal Damage. There has been an increase of 16.3% in Theft of Railway/Commercial Property & Burglary and a 6.5% rise in Serious Fraud offences. 2.2 Overall notifiable crime is down 3.3% when compared to the same period last year with 48,181 recorded offences during 2010/11 (1 April 2010 to 16 January 2011) compared to 49,835 over the same period in 2009/10. Total notifiable and non-notifiable crime is down by 2.7%, with a reduction of 2,088 offences.
    [Show full text]
  • Hotel and Other Accommodation Supply & Demand
    Hotel and Other Accommodation Supply & Demand Study MARKET STUDY 17 JANUARY 2019 PREPARED FOR Plymouth City Council (PCC) Accelerating success. COLLIERS INTERNATIONAL PROPERTY CONSULTANTS LIMITED Company registered in England and Wales no. 07996509 Registered office: 50 George Street London W1U 7GA UK Tel: +44 (0) 20 7935 4499 http://www.colliers.com/en-gb/uk Version Control Status FINAL Job Number JOB0221102 Hotel and Other Accommodation - Supply & Demand Filename/Document ID Study COLLIERS INTERNATIONAL UK 2 of 70 Hotel and Other Accommodation - Supply & Demand Study TABLE OF CONTENTS 1 Executive summary 5 1.1 Introduction 5 1.2 Scope of Work 5 1.3 Plymouth 5 2 Tourism and Demand Generators Overview 6 2.1 Visitors to Plymouth 6 2.2 Segmentation of Demand for Hotels 12 2.3 Source Markets 15 3 Hotel Supply and Demand Performance 18 3.1 Hotel Supply in Plymouth 18 3.2 Hotel Performance in Plymouth 25 3.3 Plymouth in Comparison to Other Cities 36 3.4 Future Supply Analysis 42 3.5 Other Demand Research 45 4 Other Accommodation 47 4.1 Overview of Existing Supply 47 4.2 The Airbnb Market 47 5 The Conference and Events Market 53 5.1 Supply 53 6 Analysis and Opportunities 56 6.1 Plymouth SWOT Analysis 56 6.2 Hotel Opportunities Overview 57 7 Indirect Benefits 58 7.1 Overall Hospitality Industry in the UK 58 7.2 The Development Mix 59 7.3 Benefits of New Hotel Developments in Plymouth 60 COLLIERS INTERNATIONAL UK 3 of 70 Hotel and Other Accommodation - Supply & Demand Study 8 Conclusion 63 APPENDIX 1: GLOSSARY OF TERMS APPENDIX 2: GENERAL TERMS OF REFERENCE, ASSUMPTIONS AND CONDITIONS APPENDIX 3: STANDARD TERMS OF BUSINESS COLLIERS INTERNATIONAL UK 4 of 70 Hotel and Other Accommodation - Supply & Demand Study 1 EXECUTIVE SUMMARY 1.1 INTRODUCTION This Hotel and Other Accommodation Market Study presents an overview of the overall accommodation market (i.e.
    [Show full text]
  • HALLS HANDBOOK 2021-2022 CONTENTS FACILITIES in &MOVING PRE-ARRIVALS ACCOMMODATION SERVICES Welcome CONTENTS PAGE
    HALLS HANDBOOK 2021-2022 CONTENTS PAGE 2 LIVING IN HALLS 9 ACCOMMODATION FEE’S Welcome 3 Guests 9 AND LICENCE 13 UUK Accreditation 3 Single Sex accommodation 9 Paying Rent 13 Student Code of Conduct 3 Music and Noise 9 Leaving your ACCOMMODATION SERVICES 4 Smoking 9 Accommodation Early 13 Your Hall Provider 4 Neighbours 9 Room Change 13 Your Halls Team 4 Room access 9 WELLBEING 14 Hall Officers 4 MAINTENANCE & REPAIRS 10 Student Services 14 Accommodation Portal 4 How to report maintenance 10 Student Hub 14 Accommodation Contacts 4 Room access for University Medical & PRE-ARRIVALS & MOVING IN 5 maintenance 10 Wellbeing Centre 14 Be Prepared 5 Emergency Maintenance 10 UPSU 14 Resident FB groups 5 Maintenance Response DEPARTURES & GENERAL 15 Accommodation Live Chat 5 Times 10 Summer Accommodation 15 Damages 10 Returner accommodation 15 Home at Halls App 5 CONTENTS Arrivals Day 5 HOUSEKEEPING & Checkout 15 FACILITIES 6 SUSTAINABILITY 11 Sports and Activities 15 Your Student Reception 6 Cleaning 11 University Useful contacts 15 Bedroom Contents 6 Bins 11 CAMPUS MAP 16 Kitchen Facilities 6 Sustainability 11 Bicycle and surfboard Recycling 11 storage 6 Room Inspections 11 Contents Insurance 6 Pests 11 TV Licence 6 SECURITY AND SAFETY 12 SETTLING IN 7 Campus Security 12 Inventory 7 Fire Safety 12 Wifi 7 Electrical Safety 12 Parking In Halls 7 First aid & Mental Health Your Address & Post 7 First Aid Support 12 Residence Life Events 7 Prohibited Items In Halls 12 Laundry 8 Hall User Guide 12 2 Welcome to University- Managed Halls of Residence Welcome to your new home! We hope you enjoy living and studying as part of a thriving halls community, making new friends and many memories.
    [Show full text]
  • Public Forum PDF 531 KB
    Growth & Regeneration Scrutiny Commission 2020 Public Forum 3 spe Growth & Regeneration Scrutiny Commission 6th January 2021 Public Forum Questions Ref Name Page No. David Redgewell, South West Transport Network and Railfuture Q 1 & 2 2 Severnside. Q3 Councillor Huw James, North Somerset Council 3 Q4 & 5 Councillor Clive Stevens 3-4 Q6, 7, & 8 Councillor Paula O’Rourke 4-5 Statements Ref Name Page No. David Redgewell, South West Transport Network and Railfuture S1 6 Severnside. S2 Lucy Travis, Somerset Catch the Bus Campaign 8 S3 Gordon Richardson, Chair, Bristol Disabled Equalities Forum 10 S4 Christina Biggs, Friends of Suburban Bristol Railways 11 S5 Councillor Jerome Thomas 14 S6 Martin Garrett, Transport for Greater Bristol 15 S7 Dick Daniel, Bath Area Trams Association 18 1 Growth & Regeneration Scrutiny Commission 2020 Public Forum Questions Q1: David Redgewell What progress has been made in discussions with secretary of state for local government, Robert Jenrick MP and ministers for local government, Luke Hall MP on a second Devolution deal to allow North Somerset Council to join WECA mayoral combined authority?; so that the deal can cover improvements in public transport and fund investment in such schemes; Regeneration of Bristol Temple Meads station and Temple quay; the light railway scheme to North Bristol Cribbs Causeway, East Bristol via Lawrence Hill, Easton, Eastville, Fishponds, Downend, Warmley, Oldland Common Bitton, Kelson, Weston, Bath city centre transport interchange; Route to Kingswood area via M32 and UWE Bus station; South Bristol loop via Bristol city centre Bristol Temple Meads, Cumberland Road metro bus route through North Somerset south Bristol link to Bristol Airport and via Withywood Hartcliffe, Hengrove, Whitchurch, Brislington Callington Road link on the North Somerset Railway to Temple Meads interchange and Bristol Broadmead and city centre.
    [Show full text]