Victorian Residence in Ramsey, Cambridgeshire with granted planing permission to construct 64 bedroom Care Home Development

Bury Road, Ramsey, Huntingdon, PE26

For Sale

£2,500,000

Freehold

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Lucia Turok

+447707112742

Property Details

Property Type:

Victorian Residence

Bedrooms:

11

Bathrooms:

5

Internal Area:

8,632 sq.ft.

Balcony/Terrace:

Total Size:

8,632 sq.ft.

Floors:

House

Parking:

Gated

Garden:

c. 2 acres

Est. Council Tax:

Upon request

Council:

Cambridgeshire County Council

Property Description

Great Investment Opportunity in Ramsey, Cambridgeshire with mixed-use - Residential and Commercial development potential.


The property comprises of 11 bedrooms Victorian residence in c.2 acres of grounds which was built in the 1880's by a local solicitor then bought by the local authority and was used as a children's home and later as a care home for the elderly.


DEVELOPMENT OPPORTUNITY


The focal point of buying this property is the Commercial Potential to convert it into development. The property could be a residential home, a care home, or a change of use of the planning could be granted to build homes or a different development in the gardens.

A full planning consent has been granted to construct a 64 bedroom care home in the rear garden, and ample car parking at the front for staff and visitors to the care home. These bedroom sizes are larger than the CQC requirements.

The residence itself has been granted planning permission for it to be used as an ancillary to the 64 bedroomed care home. The house can use three of its ensuite bedrooms for overnight guests that may wish to visit friends or relatives in the care home, as well as bistro. It has planning to use the rest of the house to attract about 15 key live-in members of staff for the care home. These staff bedrooms are slightly detached not within the 64-bed care home. This is to ensure that there is never any staff shortages. This element alone could produce over £1,000 extra profit per week, in addition to the care home profits.


Although the house currently has planning consent for a care home in its garden, the house is currently let as a holiday let with a well-known national letting agency.  It currently gets £3,690 per week, once the agency fee has been deducted.  The house and garden lends itself to other development opportunities, such as Assisted Living units, Residential Development, HMO, etc., subject to planning.

Overall, It is a great investment opportunity.


Additional ESTIMATED BUDGET for the Care Home Development upon request.


Travel time from the center of Cambridge to the house is approximately 40 minutes by car and depending on traffic.

Floor Plan