Historic hospital building acquired by residential developer

A historic 19th-century hospital building in Derbyshire has been acquired by a residential developer.

Originally established as a workhouse in 1841, Newholme Hospital in Bakewell is now being decommissioned by the NHS and has been sold by property consultancy Fisher German to an undisclosed residential developer.

Representing NHS property services, Fisher German marketed Newholme Hospital after it became surplus to requirements due to the construction of a new £11m NHS integrated health hub adjacent to the site, set to open later this year.

Anticipated to shut down upon the relocation of current health services to the new integrated health hub, Newholme Hospital was promoted as a development opportunity with potential for residential transformation, including its Grade II listed structures.

Rupert Collis, of Fisher German, said: “We are extremely pleased to complete the sale of Newholme Hospital on behalf of NHS Property Services Ltd. We worked closely with NHS Property Services throughout the process, as well as with its planning
consultants Planning and Design Group, who produced an in-depth development brief which provides guidance to support the redevelopment of Newholme Hospital and was in-turn endorsed by the Peak District National Park Authority.

“This was a particularly challenging site due to the restrictions around the development of Grade II-listed buildings, but we were able to secure a purchaser with a strong reputation in the industry. The deal also highlights the returning buyer confidence in the commercial development market now that interest rates have stabilised.

“The developer has not yet revealed its plans for the site, but we are confident that any proposed scheme will be highly positive for Bakewell. It would also sit alongside what will be a modern new NHS facility for those living in Bakewell and the surrounding area.”

The developer is set to unveil their proposed plans for the site in the coming months.