Care Home Development Opportunity (with Planning Permission)
The site is located in St Leonards between Ringwood and Ferndown. It is in an easily accessible location, with Poole approximately 13 miles south west of the site, Bournemouth approximately 13.5 miles to the south, Southampton approximately 25 miles to the east, and Portsmouth circa 44 miles to the east. The nearest mainline train station is at Bournemouth. This provides direct access to Southampton (under 30 mins) and London (under 2 hours). Bournemouth Airport is located approximately 6.3 miles south of the site.
This is an exciting opportunity to acquire a care home development that is being offered to the market on a flexible basis. The site forms Phase 5 of the former St Leonards Hospital redevelopment, which includes up to 210 new dwellings. Spectrum Homes Ltd are currently building out the residential element, with a number of units already occupied. Due to the existing contractual obligations, the site is available on either: a turnkey, or, via a sub-lease where the successful party takes on Sovereign's responsibilities under the existing build lease. The successful party will be able to develop the final design and specifications with the freehold interest transferring on practical completion.