Leisure/hospitality for sale in Wells Road, Malvern WR14

Former squash courts with planning permission to provide 4No. 2 bedroom holiday apartments with ancillary amenities, benefitting from magnificent views over Worcestershire.

Property
The existing detached squash courts building, believed to have been built c.1950's, comprises two full-size squash courts. These are each flanked by a changing room and there are stairs leading to the first-floor viewing gallery. The building is set within a generous plot on the slopes of the Malvern Hills, with views reaching out over Worcestershire.

The site also includes part of the lower ground floor of the adjacent Hornyold Court, historically used as further changing rooms and shower facilities. Currently steps leads from this part of the property down towards the main squash court building.

We are advised by the vendor that the squash court building is connected to mains water and electricity, whilst the part of the site within the lower ground floor of Hornyold Court includes mains water, electricity and gas.

The Development
Planning permission dated 21 September 2022 (ref: 21/01872/ful) has been granted for a change of use, providing 4No. 2 bedroom holiday apartments. The development will include new vehicular and pedestrian access to the apartments, leading around the building to a new green-roofed car port. Each of the four apartments will benefit from their own separate balcony, with views over the spectacular countryside. The part of the site comprised within the lower ground floor of Hornyold Court is to be converted to a laundry room, cleaners store and bin store.

Once developed, the properties could be collectively managed and let or could be individually sold as holiday apartments.

Tenancies & Tenure
The property is being sold with vacant possession. The detached squash courts is understood to be available on a freehold basis, whilst the part of the site comprised within the lower ground floor of Hornyold Court is understood to be available on a long leasehold basis with a nominal ground rent.

Guide Price
£269,950

Subject to terms, the vendor may consider alternative sale structures, including contractual joint venture arrangements.

Planning
The Buyer should rely on its own enquiries of the local planning authority. However, the planning permission for the proposed development is 21/01872/ful.

Value Added Tax
It is understood that value added tax is not chargeable in respect of the sale of this property.

Energy Performance
The current energy performance of the building in its current use is understood to be rated D81.

Business Rates / Council Tax
Buyer to rely on its own enquiries of the voa and/or local authority.

Costs
Each party to bear their own legal costs.

Viewing
All viewings strictly by prior arrangement with the agent.