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.
Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.
FREEHOLD
One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...
Food Service Businesses: Fish & Chip Shops. Established, high turnover traditional Fish and Chip and hot food takeaway operating from busy parade location, Bath. Offers invited.
LEASEHOLD
|
24
|
|
Jan
|
Yorkshire engineering firm completes MBO deal | MBO/MBI
A West Yorkshire engineering group has been taken over by th...
|
22
|
|
Jan
|
Jewellery retailer enters administration | ADMINISTRATION
A Nottingham-based jewellery and watches company has fallen ...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
Sign up to receive our acquisition alert emails to get your FREE guide
|
13
|
|
Apr
|
The first NHS hospital is being marketed for sale | BUSINESS SALE
The first NHS hospital has placed itself on the market after...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources