Portfolio

Prospect Capital, along with our Joint Venture partner URECO property, are pleased to announce the acquisition of a former private hospital located within the town of Hythe in Kent.

Hythe is a coastal market town situated four miles west of the town of Folkestone, and eighteen miles south of the city of Canterbury.

Planning permission was granted in October 2023 for the demolition of the hospital building and to provide 51 residential units with car parking and landscaping.

High quality specification is a “must” for this type of development, with typical purchasers to be professionals / families looking for a second home, or alternatively, elderly couples looking to relax and retire by the seafront. The modern development is situated within a prominent, popular position with sea views to most floors and a pathway directly opposite to seafront. Each unit benefits from car parking, large terraces offering ample entertaining space.

The development Is due to reach practical completion in 2026.