TYPERetail, General Retail, Mixed Use, Other, Other Property Types & Opportunities
TENUREDevelopment Opportunity, For Tender, Under Offer, For Sale Freehold
POSTED ON1st October 2018
Major town centre development opportunity • GF retail totalling 6,225 sq ft with 132 upper floor apartments totalling 79,172 sq ft • Offers invited by informal tender - freehold with vacant possession
Location The site is located at a prominent highway intersection and forms a gateway into the High Road from Station Road, Middle Street and Styring Street.
Site Area Approximately 0.89 acres (0.36 ha).
Planning An outline planning application has been submitted for the development of the site to provide a net sales area of 7,355 sq m (79,172 sq ft) in one block with the benefit of 57 car parking spaces.
The scheme, subject to planning, will provide a total of 132 private apartments over eight floors comprising of: • 46 no. 1 bedroom apartments • 86 no. 2 bedroom apartments
The development also provides for a ground floor commercial unit of 570 sq m (6,225 sq ft) (GIA) with frontage to the proposed cinema and leisure scheme to the north west of the site.
Planning reference: - The planning authority is Broxtowe Borough Council and the planning reference is:- 18/00360/FUL
In total, if consented, the development will provide 7,355 sq m (79,172 sq ft) of net sales area with a ground floor commercial unit of 570 sq m (6,225 sq ft).
Data Room All available site information is held on our dedicated data room, including the relevant planning documentation and surveys. Please contact us for access.
Services Interested parties are to undertake their own enquiries as to the capability and capacity of services to the development site.
Tenure Freehold with vacant possession.
Method of Sale Offers will be invited by informal tender. The tender timeline will be shared with parties who have expressed an interest.
Price Price upon application.
VAT We are advised that the site has been elected for VAT.
Legal Costs Each party are to bear their own legal costs in connection with this transaction.