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450 Nottingham Road, Old Basford, Nottingham NG6 0FU

For sale: £850,000.00|0.51 Acres|Residential, Retail, House, Residential Land, General Retail, Retail - Out of Town

Property details

FOR SALE£850,000.00
SIZE0.51 Acres
ADDRESS450 Nottingham Road, Old Basford, Nottingham NG6 0FU
TYPEResidential, Retail, House, Residential Land, General Retail, Retail - Out of Town
TENUREDevelopment Opportunity, Under Offer, For Sale Freehold
POSTED ON19th October 2021

Description

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

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

Location

marker
Location: 450 Nottingham Road, Old Basford, Nottingham NG6 0FU

Bulwell (1.4 miles)

Nottingham (2.8 miles)

Hucknall (3.9 miles)

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