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Land for sale
Ortzen Street, Nottingham
£1,000,000
Ortzen Street, Nottingham
£1,000,000
Our Summary
- SUMMARYOpportunity to acquire a freehold development site in Radford, Nottingham, less than 1 mile from Nottingham City Centre, with planning permission granted for construction of a three-storey, 35-bed purpose-built student accommodation building
- DESCRIPTIONA freehold development opportunity, with full planning permission granted to for demolition of the existing unit and construction of a three-storey, 35-bed student accommodation building, located in Radford, Nottingham, less than a mile from Nottingham City Centre and Nottingham Trent University, and less than 2 miles from the University of Nottingham
- Planning Permission Full planning permission was granted under 23/00711/PFUL3 by Nottingham City Council on 10th October 2024 for demolition of existing building and construction of a three-storey, 35-bed purpose-built student accommodation building
- Full planning permission granted for demolition of the existing unit and construction of a three-storey, 35-bed student accommodation building
- Full planning permission was granted under 23/00711/PFUL3 by Nottingham City Council on 10th October 2024
Description
This is a rare opportunity to acquire a freehold development site in Radford, Nottingham, just a mile from the city center and close to Nottingham Trent University and the University of Nottingham. The site currently has a unit that can be demolished and replaced with a three-storey, 35-bed purpose-built student accommodation building, with full planning permission already granted. Each unit will have an en-suite shower room and two communal kitchens per floor. The business currently operating on-site has a license to operate until January 2026, so no development can begin before then. The property is being sold freehold, with a retained buyer's fee of 1.75% + VAT payable upon successful sale.