Property Description
Summary: HIGH QUALITY FORMER CARE HOME • Prominently located opposite public park • Close Proximity to amenities on Kingsley Park Terrace • Asset management opportunities • Potential for alternative uses (STP) • Ample On site car parking • Recently refurbished Location: The property is located on Kingsley Road, close to it's junction with St Matthews Parade. Kingsley Road forms part of the A5095, connecting with the A508 Harborough Road approximately one mile to the north-west lying a similar distance from the A4500 Wellingborough Road to the south-east. Accordingly, this is a heavily trafficked local route providing important links through the town. This section of Kingsley Road fronts directly to the Racecourse public park and therefore benefits from a pleasant outlook over the same. There are ample local retail amenities upon Kingsley Park Terrace. Accommodation: The subject property comprises a three storey contiguous mid-terrace block, formally operated as a care home, providing 27 en-suite bedrooms with consent for supported living accommodation for the homeless (refer to planning application Ref: 2025/3655/S73 for further details). The building dates from the late Victorian period and is of solid red brick construction, with contrasting buff brick dentil detailing and stone dressings to the bay windows. The property has been extended to the rear and benefits from external grounds comprising a mix of paved and landscaped areas, together with a car park for approximately 6-8 vehicles, accessed via a private shared roadway from Oliver Street. Internally, each bedroom includes an en-suite bathroom. The original kitchen has been recently refurbished, and a communal living area interconnects with the administrative offices at ground-floor level. There are two basement areas, which are currently utilised as dry stores. In connection with the previous use an extensive CCTV system is installed, with a passenger lift also installed within the property. A former garage within the rear grounds has been substantially refurbished to provide a high-quality office/meeting space, with bi-fold doors opening directly onto the gardens. Floor Areas: Ground 4,454 Sq Ft 413.78 Sq M First 3,464 Sq Ft 321.81 Sq M Second 350 Sq Ft 32.52 Sq M Basement 683 Sq Ft 63.45 Sq M Total Area 8,951 Sq Ft 831.57 Sq M Terms: We are instructed to seek offers for the Freehold Interest in the region of £1,750,000 exclusive of VAT, and £200,000 per annum exclusive for the leasehold interest. Legal Costs: Each party is to be responsible for their own legal costs. VAT: We understand that the property has not been elected for VAT. Services: We understand that all mains services including water, gas, drainage, and electricity are connected to the property. It should be noted that none of the services have been tested and it is up to prospective occupiers to ensure that the facilities are installed and working to their own satisfaction. Service Charges: Energy Performance Certificate Rating: C - (55) expiring 7th November 2030 Other Information: Viewing: To view and for further details please contact: Ravi Varambhia Email: rv@underwoods.co.uk Telephone: 01604 404060 Direct Dial: 01604 774149 Rob Keeves Email: rk@underwoods.co.uk Telephone: 01604 404060 Direct Dial: 01604 774143