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Coronation Rd - The Spa Baths

11,316 SF Retail Condo Unit Offered at $987,301 in Woodhall Spa LN10 6PZ

Investment Highlights

  • This project offers a unique development opportunity within the popular resort village of Woodhall Spa, which lies approximately 15 miles to the east
  • Great transport links
  • The property represents an opportunity to re-develop the majority of the original Spa building, an area around which the vibrant village of Woodhall

Executive Summary

The main building on the site is laid out over ground, first and second floors and provides the following total gross internal area: 922.02 sq m (9,925 sq ft) The separate former hydrotherapy centre buildings extends to a further 129.80 sq m (1,397 sq ft) Therefore the total GIA of the buildings on site extend to 1,051.32 sq m (11,316 sq ft) The current site boundaries are shown edged in red on the Ordnance Survey extract included later within these details. The total site area is circa 0.864 hectares (2.13 acres).

Property Facts Sale Pending

Price $987,301
Unit Size 11,316 SF
No. Units 1
Total Building Size 49,658 SF
Property Type Sports & Entertainment (Condo)
Property Subtype Sports & Entertainment
Sale Type Investment
Building Class B
Floors 2
Typical Floor Size 24,829 SF
Year Built 1834
Lot Size 2.13 AC
Parking Ratio 0.2/1,000 SF

1 Unit Available

Unit A

Unit Size 11,316 SF
Price $987,301
Price Per SF $87.25
Condo Use Retail
Sale Type Investment
Tenure Freehold
Description

The main building on the site is laid out over ground, first and second
floors and provides the following total gross internal area:
922.02 sq m (9,925 sq ft)
The separate former hydrotherapy centre buildings extends to a
further 129.80 sq m (1,397 sq ft)
Therefore the total GIA of the buildings on site extend to
1,051.32 sq m (11,316 sq ft)

Sale Notes

The site is being offered freehold with vacant possession on completion.
The sale will be completed subject to an overage under which, in the event
that the Purchasers or their successors in title are able to secure planning
permission for private residential development on any undeveloped part of
the site, the Vendors will be entitled to a 50% share of any uplift in value of
the site, over the current site value at that time, under the existing planning
permission of car parking

4_Former_Spa_Woodhall_Spa_IMG_2696_-_28de80_-_3c6732947bf6b1533b662e0aa2cb827a672f76c5
6_Former_Spa_Woodhall_Spa_IMG_2694_-_28de80_-_74e0353178f50d3a0a183640e0e0f209198861f9
2_Former_Spa_Woodhall_Spa_IMG_2692_-_28de80_-_7d52ba95343708d5775e7e14f9aa585e943f5f85
View Photo 4_Former_Spa_Woodhall_Spa_IMG_2696_-_28de80_-_3c6732947bf6b1533b662e0aa2cb827a672f76c5
View Photo 6_Former_Spa_Woodhall_Spa_IMG_2694_-_28de80_-_74e0353178f50d3a0a183640e0e0f209198861f9
View Photo 2_Former_Spa_Woodhall_Spa_IMG_2692_-_28de80_-_7d52ba95343708d5775e7e14f9aa585e943f5f85
  • Listing ID: 32461531

  • Date on Market: 7/15/2024

  • Last Updated:

  • Address: Coronation Rd, Woodhall Spa LN10 6PZ

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