Walker Close
Newark
Sale by tender
Tenure: Freehold
Ref: NWK103282
- Potential redevelopment site
- Site measuring 0.76 hectares (1.88 acres)
- Prime location
- Located half a mile south east of newark town centre
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.
contact your local land specialists
Contact
Council Tax Band: Contact branch
Tenure: Freehold
floor plans
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.
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.
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.
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.
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 toLondon 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 rightsof 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
get directions
to the property
to the branch
Interested in this land opportunity?
Get in touch
Newark team...
47-48 Market Place
NEWARK
Nottinghamshire
NG24 1EG
NEWARK
Nottinghamshire
NG24 1EG
Looking for something else?
view all our properties
We're here to help
more about our team
contact your local land specialists
Contact
*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.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.
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.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY
AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.