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Waterway House, Waterway Street, Nottingham NG2 3DY

Offers in Excess of

£74.05 per sq. ft.

Business rates & charges may apply

Nottingham Property Plus, Nottingham
27,007 sq. ft.
(2,509 sq. m.)
Commercial development for sale

Key features

  • 0.61 acres or thereabouts development opportunity within Nottingham's Southside
  • Suitable for high density residential/office development SUBJECT TO PLANNING
  • Approximately 756 sqm (8,135 sq ft) of accommodation over 2 storeys currently on site
  • Within an area attracting high levels of investment in office and residential development
  • Conditional or unconditional offers sought for the Freehold
  • Excellent public transport links being 4 minute walk from Nottingham Station and the tram (NET) interchange
  • Closing Date 12pm 28th February 2022
  • Sale by Tender - Offers in excess of £2m

Property description

A level almost square island site of approximately 0.62 acres with access from the adopted highway to the North, East and South. To the southern half of the site remains an existing two storey 1970s purpose built office building known as Waterway House. 
Constructed of brick with a flat roof and with accommodation measuring approximately, 400 sqm (4,304 sq ft) to the ground floor and 356 sqm (3,830 sq ft) to the first floor. It is in a poor state of internal repair.

The site is situated immediately to the south of Nottingham train station. 
To the North is Crocus Street, East is Newthorpe Street and south is Waterway Street. To the West is a fenced boundary abutting public realm which creates an open space buffer to the NET2 tram route. There has been considerable redevelopment in the area around the train station over the last 5-10 years, including commercial and residential developments.

The Saffron Court residential development on Crocus Street was completed in 2019 and comprises 350 apartments specifically designed for the rental market. The Laceworks development (completed 2019) is situated on the corner of Queens Road and Summer Leys Lane and comprises over 200 student studio apartments. Between Queensbridge Road and the train line Phase 1 of the Unity Square development is under construction. Phase 1 comprises a 275,000 square foot regional base for HMRC which is due to open in early 2022.

The property is not opted to tax.

All EPCs are available in the Document Vault.

Currently E with ancillary on site parking.

The property is being offered on a Freehold basis Details of which are provided in the Document Vault.

Rateable value
Currently £37,000 per annum.

In addition to the purchase price an additional charge of 2% of the sale price will be charged on completion by the vendors to cover the costs incurred in the selling of the property.

Initial external viewings can be made to site. Accompanied viewings to see the interior accommodation can be arranged by contacting:

Method of sale
The property is to be sold by Informal Tender. Your offer and supporting information should be presented in the following format by;
12 noon on Monday 28 February 2022


Offers must include the following information:

*Offers should not relate to any other offer and should include:
*Details of the proposed use which will be incorporated into the contract
*Name and address of the purchaser, with a summary of track record
*Proof of funds available for the purchase and any proposed redevelopment
*Proposed timescales for the development which will be incorporated into the contract
*Solicitors details
Note: The Council is not bound to accept the highest or any offer.

Energy Performance Certificates



Waterway House, Waterway Street, Nottingham NG2 3DY


Distances are straight line measurements from the centre of the postcode
  • Nottingham Station0.1 miles
  • Station St Tram Stop0.2 miles
  • Lace Market Tram Stop0.6 miles

About Nottingham Property Plus, Nottingham

Loxley House, Station Street, Nottingham, NG2 3NG

Property Plus is the trading name for Nottingham City Council’s Strategic Assets and Property Directorate. Property Plus manage and let the Council’s largest commercial portfolio and sell and let surplus operational property assets - a vast variety of property types! If you’re looking to rent or buy in Nottingham, Property Plus should always be your first port of call”

More properties from Nottingham Property Plus, Nottingham


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Disclaimer - Property reference WaterwayHouse. The information displayed about this property comprises a property advertisement. 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 Nottingham Property Plus, 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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