Historic Moorfields Eye Hospital site up for sale

Thu, 31 Mar 2016 | COMMERCIAL PROPERTY

The historic, 117-year-old building in East London currently occupied by Moorfields Eye Hospital has been put up for sale by the NHS Trust.

The NHS Trust has cited the booming East London property market as one key reason for moving, as it seeks to take advantage of rocketing property prices, as well as wanting to relocate to more modern facilities.

By 2023, Moorfields Eye Hospital hopes to complete a move to the King’s Cross or Euston area in central London, as its current Old Street location is “no longer suited to the provision of 21st-century clinical care, research or education”.

Before placing the Victorian building and additional buildings on the site, such as Kemp House, on the market, the NHS Trust will seek planning permission from Islington Council to carry out conversion work. The building itself is not listed, but it does lie within a conservation area with certain protections in place.

The site will be advertised through estate agents Cushman & Wakefield, with a price tag expected to be in excess of the 2014/15 valuation of £78.8 million, especially after the proposed conversion work is completed.

Moorfields Eye Hospital is looking to move its operations to a new site along with its research partner, the UCL Institute of Ophthalmology. Both institutes are in discussions over their preferred location.

Julian Nettel, the interim chief executive of Moorfields Eye Hospital NHS Foundation Trust, said: “[A new site would] enable clinicians and researchers to collaborate more freely, to the benefit of Moorfields’ patients and for people with sight problems around the world.

“We will not be going to market until we have had approvals from our NHS and university partners and we will work with a development partner to secure final planning permission.”

See other properties for sale, or medical businesses for sale.


Share this article



Latest Businesses for Sale

Designer & Manufacturer of Consumer Entertainment Robotics (Fast Sale)
UK Wide

Expressions of interest for the business and assets are required by 5pm on 24th July 2019 with bids anticipated shortly thereafter. An opportunity exists to acquire the shares or alternatively the business and assets of this UK based, innovative comp...

Asking Price: Offers Invited
Turnover: £5m+

Manufacturer of Precision Instrumentation Products
UK Wide

*Trade Enquiries Only*. A leading UK designer, manufacturer and global distributor of critical components in specified compression fittings with a crucial safety function. Offers invited.

Asking Price: Offers Invited
Turnover: £1,900,000

Manufacturer of Nets
South West, UK

Manufacturer of Nets for everything except fishing. More than 130 years of continuous trading. The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfull...

Asking Price: £450,000
Turnover: £522,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
13
 
Apr
 

The first NHS hospital is being marketed for sale | BUSINESS SALE

The first NHS hospital has placed itself on the market after...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources