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Offers in the region of £4,500,000

Castel Froma Care Home, 93 Lillington Road

Leamington Spa, CV32 6LL

The Space

A rare opportunity to acquire a substantial freehold care home/development site in a sought after location

At a glance

Property Type Investment / Other / Other
Tenure For Sale
Size 31,700 sq ft
Price Offers in the region of £4,500,000
Business Rates Upon Enquiry
Energy Performance Rating This property has been graded as B (50)

Leamington Spa
32 mins


Warwick
51 mins


Kenilworth
58 mins


Warwick Parkway
73 mins


Chesham
1102 mins


Amersham
1136 mins


Chalfont and Latimer
1167 mins


Chorleywood
1205 mins


Key Points

  • Comprises a care home facility occupied by Castel Froma offered with vacant possession
  • Currently comprising a variety of buildings including a substantial converted Victoria House arranged over four floors and later additions including a 1990’s 3 storey wing and former stable block
  • Site extends to approximately 2.5 acres (1.02 Hectares)
  • Existing Buildings approx. gross internal area of 31,700 Sq Ft (2,945 Sq M)
  • Located approximately 1 mile from Leamington Spa Town Centre
  • Occupying a high profile site located within a high quality residential neighbourhood

Description

Extends to approximately 2.5 acres (01.02 Hectares).

Comprises the original, non-listed, Victorian Building together with 2 storey 1970 addition and Princess Alice Wing comprising a 3 storey purpose built care facility constructed in the 1990’s. In addition the site comes with former Stables, parking and extensive grounds which run to the rear with a boundary to Cowden Drive.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Building 31,700 2,945.03 Available
Total 31,700 2,945.03

The Location

The site forms part of the long-established Castel Froma Care Home, which has operated for nearly 80 years and lies approximately 1 mile from the town centre.

The surrounding area is predominantly residential, with North Leamington School located a short distance to the north and playing fields adjoining the western boundary.

The property occupies a high-profile position with direct frontage to Lillington Road, one of the principal routes leading out of Leamington Spa towards the north.

The site comprises the original non-listed Victorian building, a two-storey 1970s extension, and the Princess Alice Wing, a three-storey purpose-built care facility constructed in the 1990s.

Additional elements include former stables, on-site parking, and extensive rear grounds extending to the boundary with Crowden Drive.

The property offers significant potential for alternative uses or comprehensive redevelopment, subject to planning permission (STPP).

Guide Price

Offers are invited in the region of £4,500,000 excl for the freehold interest subject to vacant possession. It is not believed VAT is applicable.

Tenure

The property is available freehold and is sold free from any encumbrances other than those indicated above.

Planning

As indicated, the site has previously been indicated as a whole as being suitable for Residential Redevelopment. It is anticipated that a residential development would be acceptable in accordance with Policy and Conditions laid down within Warwick District Council Local Plan. Further information is available from the sole agents or from Warwick District Council Planning Department on 01926 456760.

Offers in the region of £4,500,000

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