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Freehold of former residential care home for sale

Aug 25, 2017

Barker Storey Matthews is under instruction to market the freehold sale of a former local authority residential care home in Ipswich.

Freehold of former residential care home for sale

On a 0.76 acre site, 214 Sidegate Lane, off Colchester Road, is two and half miles north east of Ipswich town centre in a predominantly residential area, near to Northgate High School and a sports centre.

Measuring a total of 1,948 sq m (20,968 sq ft), the two storey premises are in three main sections spurring off a central communal area.  There are 30 en-suite bedrooms as well as ancillary facilities such as kitchen, servery and dining area.  There is parking on site for 20 vehicles but the agent advises there is scope to increase parking facilities if the new owners wish to continue with residential care home or other community institutional use.

This is the latest in a number of property instructions in which Barker Storey Matthews is acting on behalf of Suffolk County Council in the local authority’s planned property disposals programme.  Other properties in the county on which the agent has acted recently, or is acting, currently, include Ixworth, Stowmarket and Haverhill.

Steven Mudd of the property agency’s Bury St Edmunds office, believes that 214 Sidegate Lane will attract attention from private healthcare providers and private residential developers, alike, given the size and location of the property.

He said, “Some former care homes do appeal to private residential developers, particularly in town or edge-of-town centres.  Equally, purchaser interest from private providers already operational in the care and health sectors can be strong given the established use of the property and scope to upgrade to meet modern care standards.”

The freehold of 214 Sidegate Lane, Ipswich has a guide price of £1.5 million and is offered for sale with vacant possession upon completion.

Viewing is strictly by appointment through Barker Storey Matthews.  For more information, contact the Bury St Edmunds office, tel 01284 702655 or see www.bsm.uk.com. (for website version only - www.bsm.uk.com/property/commercial-land-ipswich/15628


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