Muller Property Group are excited to present a rare opportunity to acquire a care home development site located in a prime, central part of Peterborough.
This site benefits from excellent roadside frontage and is strategically positioned within a well-populated area, making it an ideal location for a much-needed care home facility.
Key Highlights of the Opportunity:
- Prime Location with Strong Micro-Market: The site is located on the A605 (Oundle Road), offering prominent roadside frontage and excellent accessibility. It sits just 0.5 miles from Peterborough’s city center, in a well-populated area, providing easy transport links for staff, residents, and visitors alike.
- Site Overview: This former pub premises offers a regular-shaped plot extending to approximately 1.0 acre (0.40 hectares), providing ample space for a care home development. Proposed plans include the construction of a modern facility with 80 bedrooms, catering to the increasing demand for elderly care.
- Freehold and Vacant Possession: The property is available on a freehold basis with vacant possession, giving developers full control to design and execute a purpose-built care home that meets modern standards.
- Growing Elderly Population: Peterborough’s elderly population is significant, with around 26,000 individuals currently living within a 3-mile radius of the site. This demographic is projected to grow by 12% by 2033, reaching approximately 28,900 people, further reinforcing the need for new care home facilities.
- Undersupply of Care Home Beds: By 2028, there is expected to be an undersupply of 322 market-standard wet room beds in the area, highlighting the critical need for additional care facilities.
- High Availability of Local Staff: In addition to the growing demand for elderly care, the area boasts a high concentration of potential staff, which is crucial for the successful operation of the care home.
With the increasing elderly population and an undersupply of care home beds, this site presents a strategic investment in a growing market. The combination of its central location, strong demographic demand, and flexible development options makes it an excellent opportunity for developers and investors looking to meet the long-term needs of the community.
With multiple care home development site across the UK, Muller Property Group have instructed Knight Frank on the sale of the site. Interested parties can view further details via the dedicated website page.