Fri, 28 Oct 2016 | COMMERCIAL PROPERTY
A Margate site that was formerly home to the oldest deaf school in the UK has been placed on the market in one of the biggest land deals in the seaside town for years.
The Royal School for Deaf Children, which dates back to 1876, closed about a year ago after the trust which ran the school went into administration.
The 14.7 acre site, close to Margate’s Victoria Road and Park Crescent Road, houses around 120,000 square foot of school buildings, ten residential properties that once accommodated students, a recently constructed hydrotherapy pool and gym, sports fields, a sensory garden and playgrounds.
Property consultancy Eddisons, which is managing the sale on behalf of the school’s trustees, said the land and buildings should generate “high levels of interest” among property investors and developers. Recent land sales in Margate, described as a “rapidly gentrifying coastal resort”, have gone for upwards of £700,000 per acre, the firm said.
Eddisons director James Liddiment said: “We are marketing the site on either a conditional basis, where we will work with a buyer to bring forward their vision for the site, or on a more straightforward unconditional basis.
“While there are a number of potential options and uses for the land, all of which will be explored, including an ongoing educational use, we suspect the strongest demand will emanate from residential developers, especially given the shortage of housing stock generally.”
The Royal School for Deaf Children site is available for sale as one site or could be potentially split into separate lots, Eddisons said.
Take a look at our buying a business page for more information on buying and selling businesses.
Supplies uPVC windows and doors to home and small business owners in the UK. Operates from freehold premises. Excellent potential for continued growth. Our client is offering the business for sale to facilitate their retirement. Offers invited.
FREEHOLD
Offers are required by 5pm on Friday 24th April 2020. Long established personalised print company with UK wide educational sector clients. Over 30 years in the marketplace. Supply of personalised printed items/merchandise to UK educational organisati...
LEASEHOLD
Interested parties should be in a position to submit initial expressions of interest no later than 5pm on 17 April 2020. A unique opportunity to acquire a well-established designer and manufacturer of bespoke carpentry and joinery components.
LEASEHOLD
|
07
|
|
Apr
|
Treasury plan to save medium-sized businesses by taking emergency stakes | BUSINESS NEWS
The Treasury is understood to be considering user taxpayer m...
|
07
|
|
Apr
|
Clarks makes store closures and explores financing opportunities | COMMERCIAL PROPERTY
Footwear retailer Clarks has confirmed that it will close a ...
|
06
|
|
Apr
|
Cath Kidston set to enter administration | ADMINISTRATION
Clothing, accessories and homeware retailer Cath Kidston has...
Sign up to receive our acquisition alert emails to get your FREE guide
|
04
|
|
Jul
|
Commercial property remains popular | COMMERCIAL PROPERTY
Commercial property is still popular with buyers in the nort...
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