The former Heart FM radio station has been acquired in a £3.5 million property deal.
The former radio station will be repurposed into a new state of the art care home facility.
LNT Care Developments bought 13,570 sq ft property, The Filberts, in a deal brokered by property consultancy Vail Williams.
The land and buildings situated in The Chase, off the A4 Bath Road, is to be repurposed as an upmarket 66-bedroom care home.
It was formerly the broadcast base of Heart FM owner, Global Radio Services Ltd.
Vail Williams acted for the vendors, commercial property portfolio specialists Lewis Investment.
Portsmouth and Southampton based Vail Williams LLP of the largest independent providers of commercial and residential property advice in the UK.
Vail Williams Thames Valley region Partner Guy Parkes, based at The Thames Valley office, said: “This is a well-known property, just three miles from town, and is steeped in local radio history.
“Now it is to get a new lease of life as LNT Care Developments transforms the site into a 66-bedroom, three-storey care home offering 16 sq m bedrooms with fully en-suite wet room facilities.
“The premium specification for the home includes a cinema room, hairdressing salon, garden room, library and coffee shop – all to be set within landscaped gardens with approved parking facilities.”
The current two-storey building, built in 2000 and sitting on a 1.43-acre site with ample car parking, is located within a primarily residential area with retail facilities nearby and easy access to the M4 and mainline rail services.
Alastair Warwick-Smith, Director of Lewis Property Services who day-to-day asset manages the expanding Lewis Property Portfolio, said: “We are delighted with Vail Williams for securing this important property disposal which will benefit our valued clients.”
Vail Williams’ full-service property advice includes property valuation, planning and lease advice, investment and development expertise, property asset management and occupier consultancy.
Read more - New furniture store opens in Slough