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.
A specialist civil engineering firm best known for its expertise in weighbridge pit installation, associated weighbridge infrastructure services and groundwork services.
The business was established and considerably improved by the present owner more than 12 years ago and is being reluctantly sold as the owner wants to take some time out after the demands of the past few years.
LEASEHOLD
This well-regarded and relocatable Consultancy & Investment business has now come to the open market.
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
12
|
Dec
|
Begbies Traynor acquires property auctioneers at 6.5x profits | BUSINESS SALE
Begbies Traynor has continued its acquisitive growth strateg...
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
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.