The Ryland Residential Care Home on Meadow Road in Beeston, Nottingham, is being offered for sale at auction later this month with a guide price of £595,000.
The three-storey home closed in June and an application for planning consent to covert the building to residential accommodation is currently pending. If planning consent is granted, the property could be redeveloped as six apartments with 24 rooms to let.
The care home will be included in SDL Property Auctions’ next online sale on 22 August.
Andrew Parker, auctioneer and managing director at SDL Property Auctions, said: “Subject to the planning application getting the go ahead, this is a great opportunity for an investor or a developer to buy a property in the vibrant area of Beeston, which is extremely popular with students. Accommodation for students and other young people is always in short supply so it is the ideal location to develop a new rental apartments scheme.
“As a location, Beeston also benefits from excellent transport links, being on the tram line to Nottingham city centre, connected to London via the railway and a stone’s throw from the M1 motorway.”
