Sunday, August 9, 2020

£1.7 million care home development site to be sold

A Northamptonshire development site with planning consent for construction of a 72-bed care home is being brought to market by national property consultancy Lambert Smith Hampton (LSH).

LSH has been instructed to commence marketing the 2.17-acre greenfield site at Long Buckby following the appointment of LPA Receivers, with the proposed scheme potentially bringing investment and new jobs to the county. 

Offers in excess of £1.7 million for the freehold are being sought for the site, which may be suitable for alternative uses subject to planning. 

Richard Lingen, associate director at LSH in Birmingham, is running the sale process on behalf of the Receivers. 

He said: “This is a rare opportunity to purchase a sizable 2.17-acre greenfield site in Northamptonshire. Outline planning consent has been secured for the development of a 72-bed care home with an additional 10 extra care units and seven extra care bungalows.  

“The site is conveniently located in the village of Long Buckby, between Rugby and Northampton, and just 500 metres from the local train station with direct trains to London and Birmingham. 

“We are expecting strong interest from the care sector as the proposed scheme offers the opportunity to build a luxury facility that will serve the local population and bring new employment opportunities to the area.

He added: “The site potentially offers scope for alternative uses, and previous applications have been granted for commercial development and we understand that applications for residential purposes would be looked upon favorably by the local planning authority.” 

The site is adjacent to the recently completed and popular Buckby Meadows residential development, completed by Bovis, which saw the construction of over 130 new homes.

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