A 12-acre greenfield plot acquired in 2014 for £585,000, the site is located on the edge of the village of Pewsey, a small settlement in Wiltshire which benefits from a mainline rail connection to London.
The site is considered to have long term potential for residential development and is being promoted through the local plan process on that basis. However, we are exploring the possibility of a purpose-built retirement village and have already been approached by a number of care home operators. This option would potentially be a way of unlocking the value in a shorter timeframe.
A pre-app has been submitted and we are awaiting the LPAs response.