Swindon listed building sold for redevelopment

A fine Grade II listed former care home in Old Town, Swindon, Wiltshire, called ‘Redlands’, has just exchanged to a private buyer for a sum in the region of half a million pounds through Knight Frank. The buyer proposes to redevelop the attractive building into stylish residential homes, subject to gaining the necessary planning consent.

Situated just off the sought-after High Street, Redlands is in a desirable position amongst other listed neighbouring properties of architectural or historical interest. Redlands, in Charlotte Mews, dates from the mid 19th Century and is constructed of Flemish brickwork under a part slate, part tile roof. It is an elegant and attractive property in one of the best parts of Swindon.

Having being formerly used as a Care Home, the property offers substantial accommodation amounting to some 7,109 square feet and currently comprises the main house, along with a smaller adjoining annexe. The building is suitable for continued institutional use, residential, hotel or office uses, subject to the usual consents.

The main house is spread over three floors and a cellar, and is made up of four reception rooms, dining room, hall and office space along with a large kitchen with separate larder on the ground floor. There are 12 bedrooms, four bathrooms, three separate WC’s and a laundry room. The basement comprises four interconnecting rooms, which are currently used for storage, and house the services. The annexe, which is linked via an internal walkway at first floor level, extends to two storeys, has two further reception rooms, kitchen and bathroom at ground floor level, and three bedrooms at first floor level. There is a large garden which is mainly laid to lawn and the site area extends to some 0.345 acres.

Morgan Allen of Knight Frank’s institutional consultancy team, commented: “The sale of Redlands, only a short while after the property came onto the market highlights the fact that certain properties, when priced realistically, are still sought after in the current market. Buyers such as this recognise this might be the only opportunity to invest in a property with such exciting redevelopment prospects.

“The fact it is an attractive building in a prime position with great potential for refurbishment or development has meant that it attracted a lot of attention. Swindon is one of the leading business and commercial centres in the country and the buyer is purchasing one of the more characteristic and elegant buildings in the town.”

Redlands positioning means that it is only about 1½ miles from the mainline station in Swindon with its fast and frequent connections to London Paddington taking about one hour, Reading approximately half an hour and Oxford approximately 40 minutes. The property is also well located for the major road networks via the M4 for the west and east, and various ‘A’ roads for the north and south.

Knight Frank represented the vendor, ‘Together: Working for Wellbeing’.

For details of similar opportunities across the UK, log on to knightfrank.co.uk/residential/institutional/