Summary - 503-507 Walsgrave Road,Coventry,CV2 4AG CV2 4AG
1 bed 1 bath Land
Rare 1.21-acre plot near city centre with lapsed consent for care apartments.
1. Freehold development plot of approximately 1.21 acres (very large).
An unusually large 1.21-acre freehold plot on Walsgrave Road offering clear development potential on the eastern fringe of Coventry. The site previously held outline consent (OUT/2020/606) for 32 retirement apartments in three blocks; that consent has lapsed, so a purchaser should expect to reapply or agree a new scheme with the local planning authority. Existing on-site buildings include offices, warehousing and workshops totalling about 23,146 sqft and will require assessment for reuse or demolition.
The location is practical for development: Walsgrave Park and local amenities are immediately adjacent, Coventry city centre is about two miles away and the M6/M69 interchange is within easy reach. Broadband and mobile signal are strong, and the site’s scale offers flexibility for retirement, residential, care-home or commercial-led schemes (subject to planning).
Material points to note: the area is described as relatively deprived and the outline consent is lapsed, so there is planning risk and likely costs for new applications and any demolition or refurbishment of existing structures. Offers have been sought in excess of £1.2m previously, with preference historically given to unconditional bids on planning. This opportunity suits an investor or developer prepared to manage planning, site clearance and scheme delivery in an urban fringe location.
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