Audley retirement granted permission to develop first satellite site

Audley Retirement receives permission to develop its first satellite site to existing village in Royal Leamington Spa.

Audley, the luxury retirement village operator, has secured planning permission to begin work on the former site of residential care home, Homewood in Leamington Spa.

The site, which is within walking distance from the town centre and adjacent to Audley’s existing village Audley Binswood, will be converted into additional accommodation for over 55s.

The site has a 100% success rate in achieving planning permission, with 24 luxury apartments and two cottages given the go ahead. These will add to the 89 properties already at Audley Binswood.

A public exhibition was held in August 2016, which gave members of the community the opportunity to preview plans submitted for the proposed development. The feedback was positive, showing strong local support.

Audley Binswood is centred around Binswood Hall, a magnificent Grade II* listed Victorian Gothic mansion, which houses the Audley Club, offering luxury facilities including a library, swimming pool and restaurant, open to both owners and the local community.

Nick Sanderson, CEO of Audley said: “Since welcoming its first owners back in 2013, Audley Binswood has become a key part of the local area, and we are looking forward to growing the village further with the addition of extra properties. Our exemplary record in securing planning permission comes from our commitment to working closely with the local community and stakeholders, and we intend to continue with this approach as construction begins.

“The growth and continued success of sites such as Binswood is a reflection of the increasing demand for high quality retirement living with care provision, in part due to an ageing UK population seeking aspirational property to downsize to.”

In total, Audley owns 15 villages and manages two more providing over 1,000 properties. It intends to double this number over the next five years by completing current projects as well as new site acquisitions.

The villages enable owners to live an independent and healthy retirement in their own properties and enjoy full access to the Audley Club and its range of facilities with flexible care and support available should it become necessary. Owners buy their house or apartment from Audley and own it on a 125 year lease. Properties are available on a 125 year lease and prices range from approximately £350,000 to £800,000, to be confirmed at a later date.

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