In one of Margate’s largest land sales in recent years, the former site of the UK’s oldest deaf school, the Royal School for Deaf Children which dates back to 1876, has been placed on the market.
The 14.7 acre campus, on Victoria Road and Park Crescent Road, close to Margate town centre, is being marketed by property consultant Eddisons on the instruction of the school’s trustees. The site features around 120,000 sq ft of school buildings, including various residential properties that once accommodated students, and a recently constructed hydrotherapy pool and gym.
The land and buildings, in the rapidly gentrifying coastal resort, are expected to generate high levels of interest among property investors and developers, with recent local land sales achieving upwards of £700,000 per acre.
“We are marketing the site on either a conditional basis, where we will work with a buyer to bring forward their vision for the site, or on a more straightforward unconditional basis,” said Eddisons director James Liddiment. “While there are a number of potential options and uses for the land, all of which will be explored, including an ongoing educational use, we suspect the strongest demand will emanate from residential developers, especially given the shortage of housing stock generally.”
The Royal School for Deaf Children site, which is available for sale as one site or potentially split into separate lots, includes a variety of buildings associated with the school. Among them is the main secondary school complex, which is made up of a vast mix of interconnecting single-storey buildings, and a separate primary school building.
There are also ten residential buildings on the site, all of which have been adapted or constructed for supported living or residential care, and the campus also includes recreational facilities such as sports fields, sensory garden and playgrounds.
James joined Eddisons in 2007 and is a well-respected Director. Originally based in the Leeds office, he moved to the London office in 2009 to establish the firm’s southern Banking and Property Valuation teams. He principally advises secured lenders, property companies and charities in respect of commercial and residential real estate.
James has been responsible for some of the firm’s most notable instructions, including the asset management and divestment of a mixed-use portfolio comprising 187 properties, to advising the lender and facilitating the sale of a central London portfolio for £52m and, most recently, advising the owners of a 2,000-acre estate with complicated planning, occupancy and building repair issues.
As a graduate of Loughborough University, James is also a member of the Royal Institution of Chartered Surveyors, a RICS Registered Valuer and a Fellow of NARA. In 2014, James spent several months seconded to a major client of the firm.