Walker Close

Newark

Sale by tender

Tenure: Freehold

Ref: NWK103282

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Potential redevelopment site
Site measuring 0.76 hectares (1.88 acres)
Prime location
Located half a mile south east of newark town centre

brochure floor plans

Potential redevelopment site extending to 0.76 hectares half a mile south east of Newark town centre close to the B6325 London Road, in a predominantly residential area.

Council Tax Band: Contact branch

Tenure: Freehold

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in detail

Potential redevelopment site extending to 0.76 hectares half a mile south east of Newark town centre close to the B6325 London Road, in a predominantly residential area.
The property is a two-storey residential care home divided into 5 units over two floors, extending to approximately 1,924 square meters (20,710 sq. ft) gross internal area. The property offers an opportunity to create an attractive new build development in a well regarded location.

Location

The site is located in a prime residential location, close to Newark town centre with road frontage to
London Road. Newark is a superb location, with excellent communication links, being on the East Coast main train line to London Kings Cross and sits alongside the A1.

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).
The principal of residential development is established through its previous and current use and initial indications from Newark Planners is the site is suitable for demolition of the existing building and re-development.

Services

Prospective buyers should satisfy themselves as to the location of utilities.

Wayleaves, Easments

The land is sold subject to, and with the benefit of, all existing obligations and rights, including rights
of way, whether public or private, light, support, drainage, water, electricity supplies and other obligations, easements, quasi-easements and all wayleaves, whether referred to or not in these Particulars.

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.

Method Of Sale

The site is to be sold by Informal Tender with the closing date for offers being 12 noon on Thursday 30th November 2023. Details of how to register an offer are available from the selling agents.

Extra Information

A drop box link has been prepared that provides further information relating to the site.

location

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47-48 Market Place
NEWARK
Nottinghamshire
NG24 1EG

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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.

Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.