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Land for sale
Walker Close, Newark
£1,000,000
Walker Close, Newark
£1,000,000
Our Summary
- SUMMARYPotential redevelopment site extending to 0
- DESCRIPTIONPotential redevelopment site extending to 0
- The property offers an opportunity to create an attractive new build development in a well regarded location
- Planning In 2018 a Change of use from an Elderly Persons Home to an Adult Day Centre (Use Class C2 to D1) was approved so the site now falls within The ‘Learning and non-residential institutions’ use class (F1)
- Terms The Vendors preference is to promote the site for redevelopment in respect of the previous planning classification (C2) to provide a retirement living product but would consider alternative residential options where these are viable
Description
The property is a 0.76-hectare redevelopment site located half a mile southeast of Newark town center, close to the B6325 London Road, in a predominantly residential area. The site currently comprises a two-story residential care home with a gross internal area of approximately 1,924 square meters, which has been approved for change of use from an elderly persons home to an adult day center. The site offers an opportunity to create a new build development in a well-regarded location, with excellent communication links to London and the East Coast main train line. The vendor's preference is to promote the site for redevelopment as a retirement living product, but alternative residential options will be considered. The site is being sold by informal tender, with a closing date for offers on November 30th, 2023.