Key Information
- Total site area: 1.2 ha (2.97 acres)
- For existing use or potential redevelopment
- Close to the Botanical Gardens
- Further information available upon request
- This is a rare opportunity to acquire a landmark site for development in an exclusive part of Leicester. Offers will be invited by way of an informal tender on both a conditional and unconditional basis. Information on the tender process is available from the Agents upon request.
The Meadowcourt site presently accommodates a purpose built student residential complex lying adjacent to Digby House. The current buildings comprise a series of interconnected blocks of accommodation, all of which are two-storey in design. The site has a strong landscaped character, with mature trees befitting a location within the heart of the Conservation Area. This existing accommodation has an approximate area of 41,000 sq ft (3,809 sq m). Measurements are quoted on a gross internal basis in accordance with the RICS Property Measurement Second Edition.
Location
Meadowcourt Halls of Residence are situated on Meadowcourt Road, 3 miles southeast of Leicester City Centre in Oadby, and directly off the A6 London Road at its junction with Stoughton Drive South. This part of Oadby is characterised by large detached residencies, owned privately or, on many occasions, by the University of Leicester. The renowned Botanical Gardens lies close by. The location allows swift access to extensive retailing in Oadby Town Centre and Leicester City Centre via the A6, and to the M1 / M69 motorway interchange at Fosse Retail Park via the outer ring road at the racecourse nearby.
VAT
VAT will not be applicable to the purchase price.
Services
Interested parties are advised to make direct enquiries with the utility companies in relation to the services that are available on site, their location and future requirements.
EPC
A current EPC is available upon request
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
The Meadowcourt Halls of Residence lie within the Oadby Hill Top and Meadowcourt Conservation Area within an area that is predominantly residential in nature. Planning advice, that is available on request, has been sought from Oadby and Wigston Borough Council, who have confirmed that in principle, in view of the size of the overall Digby / Meadowcourt site, that its subdivision into its constituent parts can be achieved satisfactorily to enable the redevelopment of Meadowcourt. In our opinion, a number of alternative uses are potentially possible, that includes care and new residential development. Interested parties wishing to consider these and other uses are advised to speak with Oadby and Wigston Borough Council on 0116 288 8961.
Viewing
Viewings are by appointment with sole agents Innes England