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Former Riverview Lodge Nursing Home, 111 Tay Street, Newport-On-Tay, DD6 8AR

Offers Invited
Christie & Co, Care
SIZE

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SECTOR

Commercial property for sale

Key features

  • Formally registered for 20 in 18 bedrooms
  • Affluent area and stunning vista
  • Potential redevelopment STPP
  • 16 Bedrooms have Ensuite shower facilities
  • 1.1 Acre site
  • EPC Rating G
  • Christie & Co Ref: 5274738

Description

Description

The property occupies a site of circa 1.1 acres and is an imposing late Victorian red sandstone building. The property consists of two main floors plus an attic, with a pitched timber roof structure laid in slate. It features many attractive and decorative architectural and period features. Converted into a care facility in the 1990's, the building has undergone ongoing refurbishment and extensions throughout the years by the current owner.

With an impressive appearance, the main entrance faces onto the driveway down from Tay Street and with large windows on all elevations making the most of the stunning outlook over the River Tay and pleasant wooded garden surroundings.

The facility includes 18 bedrooms - 16 single rooms and an additional two twin rooms. 16 of the rooms have ensuite shower facilities, three of which are full wet room. Previously operating as a care facility, is has recently closed, offering the opportunity for redevelopment to residential use (subject to planning permission), or for reconfigured for specialist care use.

Location

Riverview Lodge is located in the affluent town of Newport-on-Tay, situated in the north-east of Fife. Newport-on-Tay has a population of 4,118 and a short trip over the Tay Bridge to Dundee and 10 miles from St Andrews. The Fife Coastal Path passes through Newport-on-Tay.

The property sits below road level on the eastern outskirts of the town and occupies a large site that stretches right down to the southern shore of the Tay River. The property is surrounded by a quality mix of mostly private residential properties.

The area benefits from local bus services that connect Newport-on-Tay to Dundee. The closest train station is in Dundee, which is 3.3 miles away.

Internal Details

The property comprises of 18 bedrooms spread across two floors. Sixteen of the bedrooms offer ensuite facilities, which include a WC, wash hand basin, and shower. Additionally, three bedrooms are equipped with full wet rooms, while two bedrooms include only a WC and wash hand basin.

The ground floors consist of 12 single bedrooms, a spacious lounge, a dining room, a commercial kitchen with storage, laundry room and treatment room. Storage rooms are conveniently located throughout the ground floor. The first floor comprises of 6 bedrooms, storage room, and a sluice room.

Lift access is provided between floors.

External Details

The Property occupies a broadly regular- shaped, sloping site extending to approximately 1.1 acres. The main entrance looks onto the driveway, where parking is available.

An attractive wooden garden and patio area located at the rear of the property, offering views over the River Tay. The surrounding views also include the Tay Rail and road bridges that cross the River Tay, as well as distant views of the Scottish Highlands.

The Opportunity

Given the location and size of this plot the property would lend itself to conversion back to residential (STPP).

It could be reconfigured for care use but would need to comply to the new building design standards which would likely reduce bedroom numbers further and therefore be better suited for specialist care given smaller unit living.

Business Rates

The Rateable Value as of 1st April 2023 is £25,900. Confirmation of actual rates payable can be obtained from the local Authority.

Energy Performance Certificates

EPC 1

Brochures

Former Riverview Lodge Nursing Home, 111 Tay Street, Newport-On-Tay, DD6 8AR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dundee Station1.5 miles
  • Broughty Ferry Station2.8 miles
  • Balmossie Station4.2 miles

About Christie & Co, Care

6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5274738-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Care. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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