What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
GDV£4,200,000
Profit£717,187
ROCE109%
Purchase £ £40,000
Property description
Strategy: Development
Off-Market JV/ Development Opportunity in Nottingham
Furze Gardens, St Ann’s, Nottingham, NG3
Vacant ex-NHS Care Home on approx. 1.1-acre site
Executive summary: A rare opportunity to acquire or joint venture on a substantial vacant former NHS care home in Nottingham City, sitting on a large enclosed site of approx. 48,000 sq ft (c. 1.1 acres).
The asset is dilapidated and requires full refurbishment or redevelopment, making it ideal for a developer-led scheme across residential, care, or mixed-use sectors (STPP).
The vendor is open to either an outright sale or a Joint Venture structure with a credible developer.
Location:
• Address: 33 Furze Gardens, St Ann’s, Nottingham, NG3 4QH
• Established residential neighbourhood
• Close to Nottingham city centre, amenities & transport links
• Surrounded by housing, community facilities & healthcare uses
• Large, secure plot with redevelopment flexibility
The Asset:
• Former NHS Care Home
• 45+ rooms
• Multiple wings with courtyards
• Vacant possession
• Condition: Poor / dilapidated – full redevelopment required
This is being marketed as land with an obsolete building, not an operational care business.
Development Potential (STPP)
Concepts already explored (drawings available):
• Residential: c. 19 x 4-bed townhouses
• Apartments: c. 23 / 26 / 35 apartments (1 & 2 beds) or more
• Mixed-use: Combination of houses & flats
• Care/Specialist living: 45 / 56 / up to 79-bed care home (Senior living, assisted living, supported or social care)
• Sports complex/storage facility: The local authority has shown a positive stance towards redevelopment, subject to a good quality scheme.
Planning:
• Sold without planning
• Incoming developer retains full control of planning strategy
• Flexibility to optimise GDV and exit strategy
Commercials:
• Guide Price: Offers around £1.2m (STP)
• Structure:
- Company sale (SPV holds asset)
- Potential SDLT efficiency on share purchase (buyer DD required)
• JV Option: Vendor open to profit-share / planning uplift JV
• Sourcing fee: 2% payable by buyer on exchange
Why this works
• Large urban site in Nottingham City
• Multiple viable end uses
• Council supportive of regeneration
• Clear redevelopment angle
• Flexible exit routes (sale, BTL, PRS, care operator, Sports Complex, Storage Facility exit)
Sourced reference: 335328988815679
Due diligence
No information supplied.
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
GDV£4,200,000
Profit£717,187
ROCE109%
Purchase £ £40,000
Sales Agent
Mush Fazel
MJF Property Ltd
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network