Prime development site available to purchase east of Nottingham city centre

15 December 2017

On behalf of Midlands Land Portfolio Ltd, Savills, jointly with Cheetham & Mortimer, has brought to market a prime commercial development opportunity on Teal Close in Nottingham. The freehold is available by way of informal tender.

The opportunity provides flexible roadside plots ranging in size from 1 to 4.4 acres (0.40 – 1.78 hectares), which can accommodate a number of retail and leisure uses of up to 30,000 sq ft (2,800 sq m). A further 16.8 acres (6.8 hectares) of employment land is also available which, subject to planning, is suitable for other potential ancillary uses including a primary school, local centre, care home, hotel and public open space.

Situated just five miles east of Nottingham city centre, the site benefits from close proximity to Victoria Retail Park, where tenants include an Argos, B&M, Frankie and Benny’s and an M&S Food Hall.

Victor Ktori, head of office at Savills Nottingham, comments: “This is a rare opportunity to purchase a sizeable plot of land in a well-connected part of Nottingham. Located adjacent to a residential development of up to 830 homes, the commercial element of the scheme will generate significant footfall as a result. For this reason we expect to receive a number of enquiries from interested parties looking to take advantage of the sites considerable potential.”

 
 

General Enquiries

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Key Contacts

Victor Ktori

Victor Ktori

Head of Office
Commercial

Nottingham

+44 (0) 115 934 8050