Former care home on the market for £595,000

A Nottingham care home which closed in June is to go up for auction this month, with an application for planning consent to convert the building to residential accommodation currently pending.

The Ryland Residential Care Home on Meadow Road in Beeston will be included in SDL Property Auctions’ next online sale on 22 August and has been given a guide price of £595,000.

The three-storey former residential home, which accommodated 17 elderly residents until June, is situated on a large site and includes 15 bedrooms as well as multiple communal areas such as a dining room, lounges, offices and kitchen.

If planning consent is granted, the property could be redeveloped as six apartments with 24 rooms to let.

Andrew Parker, auctioneer and managing director at SDL Property Auctions, said: “Subject to the planning application getting the go ahead, this is a great opportunity for an investor or a developer to buy a property in the vibrant area of Beeston, which is extremely popular with students. Accommodation for students and other young people is always in short supply so it is the ideal location to develop a new rental apartments scheme.”

He added: “As a location, Beeston also benefits from excellent transport links, being on the tram line to Nottingham city centre, connected to London via the railway and a stone’s throw from the M1 motorway.”