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450 Nottingham Road, NG6 0FU

Offers in Region of
£850,000

Business rates & charges may apply

HEB Property Consultants, Nottingham
SECTOR
Residential development for sale
USE CLASS
Use class orders: C3 Dwelling Houses
C3

Key features

  • Substantial Nottingham city development site with full planning consent for 32 residential units, plus retail unit.
  • No Section 106 or affordable housing obligations.
  • Superb location close to Nottingham's ring road.
  • Close to Basford NET (tram) station.
  • Stunning contemporary design.
  • Desirable development mix.
  • Significant redevelopment & regeneration proposed for the immediate surrounding area.

Property description

Tenure: Freehold

LOCATION:
The property is located within the city of Nottingham in the suburb of Old Basford, approximately 2 miles northwest of the city centre.

The location is close to Nottingham ring road (Western Boulevard, A6514), and adjacent to the Basford NET (tram) station.

The location offers convenient access to the city centre and is close to Nottingham City Hospital and a good variety of local amenities.

The main campus of Nottingham University is approximately 1.8 miles to the south.

The immediate surrounding area is subject to a number of major planning applications which are likely to further improve the locality.

DESCRIPTION:
The site is currently occupied by a commercial building, detached residence and former bank premises.

The site is level and benefits from full planning consent for the creation of 32 residential units.

The plans allow for a sympathetic refurbishment of the bank premises to create 2 x three storey "tri-plex" apartments and a large 3 bedroomed penthouse.

The stunning design is then arranged to provide a very saleable mixture of 1 and 2 bed apartments over four floors.

In addition, there will be a new commercial / retail unit (80.5 sq m) with frontage to Lincoln Street. There is ample provision for residents' parking on site.

Part of the former bank premises is currently subject to an assured shorthold tenancy. Further details upon request.

In total the site extends to approximately 0.51 acres.

TERMS:
The property is immediately available to purchase with the benefit of the full planning consent.

TENURE:
Freehold.

A number of separate titles constitute the site as a whole. A solicitor's title report has been commissioned and is available to interested parties upon request.

PRICE:
The property is available to purchase and offers are invited in the region of:-

£850,000

PLANNING:
The property has the benefit of full planning consent. Full details of the consent and plans can be viewed on the Nottingham City Council's website - Application No: 18/01382/PFUL3.

Alternatively, plans can be made available from this office upon request.

By way of an amendment to the original consent, there is no requirement for the provision of affordable housing (on-site or by off-site contribution), nor are any payments required under Section 106 provisions.

VAT:
Vat is not applicable to the purchase price.

EPC:
Not applicable - development sale

CLICK LINK BELOW FOR BROCHURE

Brochures

450 Nottingham Road, NG6 0FU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Basford Tram Stop0.1 miles
  • David Lane Tram Stop0.2 miles
  • Highbury Vale Tram Stop0.7 miles

About HEB Property Consultants, Nottingham

Apex Business Park Wilford, Nottingham, NG11 7DD

heb Property Consultants are one of the region’s leading practices of Chartered Surveyors that specialise in all aspects of commercial property. We are a multi-discipline consultancy and our clients range from corporate companies and pension funds to small property trusts and individuals, we also provide various services to local authorities and charities.

Our ethos is based around core principles of strong communication with our clients, partner led services and a commitment to both cr

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Notes

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Disclaimer - Property reference 450-Nottm-Road. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by HEB Property Consultants, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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