Summary - 503-507 Walsgrave Road,Coventry,CV2 4AG CV2 4AG
1 bed 1 bath Land
1.21-acre freehold site with lapsed consent — strong redevelopment potential for investors..
- Freehold development site of approximately 1.21 acres (very large plot)
- Existing buildings total c.23,146 sqft (offices, warehouse, workshop)
- Lapsed outline consent for 32 retirement apartments (OUT/2020/606)
- Offers in excess of £1.2m; preference for unconditional-on-planning bids
- Adjacent to Walsgrave Park; close to city centre and major motorway links
- No flood risk; excellent mobile signal and fast broadband
- Local area classified as deprived; viability may need mitigation
- Existing structures will require assessment for reuse or demolition
A substantial 1.21-acre freehold development site on Walsgrave Road, offering clear redevelopment scope on a favoured eastern fringe of Coventry. The plot includes existing offices, warehouse and workshop buildings totalling about 23,146 sqft and sits immediately adjacent to Walsgrave Park with good local amenities and strong transport links to the city centre and nearby motorways.
Outline planning (Ref: OUT/2020/606) previously granted for 32 retirement apartments in three blocks — the consent has lapsed and will require reprovision or fresh planning. The site is therefore offered with flexibility: redevelopment for retirement housing, alternative residential schemes, continued commercial use or a residential/care-home proposal (all subject to planning). Bids that are unconditional on planning are preferred.
Practical positives include freehold tenure, no flood risk, excellent mobile reception and fast broadband. The existing buildings provide immediate footprint and servicing for developers but will need assessment for reuse or demolition. Note the local area records higher deprivation and the lapsed outline consent — both factors to weigh in feasibility and viability appraisals.
This is most suitable for developers and investors targeting medium-term brownfield redevelopment in Coventry, especially those experienced with retirement, care-home or mixed residential schemes. It offers scale and location benefits, but deliverability will depend on a fresh planning strategy and any works to existing structures.
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