Property description
RESIDENTIAL DEVELOPMENT IN TOWN CENTRE LOCATION WITH GROUND FLOOR RETAIL UNIT. Fantastic development opportunity with full planning granted for 29 self-contained flats and a large retail unit to the ground floor. See application number for full planning P/15/1769/2This is a very rare offering to the market. Would suit an experienced investor/developer. Viable investment opportunity with potential gross development value in excess of 3 million pounds with potential for further development. A predicted yearly income from the development if fully occupied could be in the region of £200,000. For further information, contact Marco Carrelli Director of Nicholas Bonfield for more information 07590821557The site is situated on the South-west side of Nottingham Road at its junction with Cradock Street in an area of mixed commercial and residential uses lying on the north-east periphery of Loughborough town centre. The predominant building on the site is The Royal George former Public House.The 29 apartments are arranged on four floors and are a combination of one and two bedroom units all floors have lift access. In terms of design and appearance the building has been designed with a pier and panel construction to reflect the design of neighbouring properties. It is proposed to construct the building with a stone finished blockwork on the ground floor and a red brick finish to the upper floors. The roof would be a tiled pitched roof with parapet finish to eaves level.The proposal includes provision for a large ground floor retail/commercial unit to provide for street presence along The Coneries. There is also access from both sides of the building with proposed cycle and parking spaces along with a service yard off Cradock Street.Loughborough is a thriving university town and has a high demand for quality accommodation.With close proximity to Loughborough train station, within 500 yards of town centre, good access to Loughborough University, and offering excellent communications to industry centres within the East Midlands Region.NB: Artist Impression
Property Features :
- Excellent location close proximity to Loughborough train station and town centre.
- Rare to market High yield investment
- No 106 contributions
- Full planning granted for 6 Two beds and 23 one beds
- Would suit experienced developer/investor