A residential scheme offering excellent redevelopment potential as letting accommodation, has come on to the market
A residential scheme offering excellent redevelopment potential as letting accommodation, has come on to the market with Bruton Knowles.
Originally built as sheltered housing, Neville Sadler Court in Beeston comprises 28 self-contained one bedroom apartments and is conveniently located close to the University of Nottingham campus.
Associate Sam Spencer at Bruton Knowles’ Nottingham office said: “This scheme is conveniently situated in the sought-after suburb of Beeston, close to the university’s main campus, and also benefits from great road and tram links.
“It is also an easy commute to Nottingham Science Park, the Boots campus, Queen’s Medical Centre and the city centre as well as the attractive Beeston centre with its range of shops and other amenities.
“As it already features one-bedroom apartments, the building lends itself extremely well to conversion into key-worker or student housing.”
Bruton Knowles was instructed by Nottingham City Council to sell the property. It was originally acquired by the council during the tram construction work because part of the site was on the line of the proposed route.
Steve Tough, team leader of NET at Nottingham City Council said: “We formed a strong relationship with Bruton Knowles through the tram development, during which the firm carried out a number of land related activities on our behalf.
“As a result, we approached Bruton Knowles again to help us sell a number of properties in Beeston.
“We were sorry that Neville Sadler Court had to close, but the site represents a great investment, refurbishment or redevelopment opportunity and we expect that given its location, close proximity to the tram system and great potential, this scheme will generate a lot of interest.”
Situated at the eastern end of Fletcher Road where it becomes Lower Road, Neville Sadler Court is close to two NET tram stops, is three miles west of Nottingham city centre and close to the ring road and A52.
Freehold interest in the property is on the market for offers in excess of £800,000.
Bruton Knowles is also currently working with NET to sell two houses, and a development site for two retail units and four flats in Beeston, which were also bought during the tram expansion.