FHP appointed on £2 million mixed use development

Residential Land News

Midlands Property Advisor of the Year, Fisher Hargreaves Proctor (FHP) have been appointed to market a mixed use retail and residential development site within Nottingham’s Eastside Regeneration Area.

The site, which fronts Lower Parliament Street, is adjacent to the hugely successful BioCity, the head office for East Midlands Development Agency (emda) and the £900 million development project known as EastsideCity.

The site, which has been marketed at “offers over £2 million” has planning consent for 40 car parking spaces, four ground floor retail units totalling 6,385ft² and 42 two bed apartments over five floors.

Commenting on this investment opportunity, FHP partner David Hargreaves, said: “This is an exciting development opportunity in one of Nottingham’s major growth areas. This site will be one of the first areas of Nottingham’s Eastside Regeneration Zone to be redeveloped.”

Adjacent to the site are two additional pieces of land which could also be acquired to create an island development opportunity which could provide for up to 130,000ft² of accommodation, subject to planning.

Stuart Horne of FHP, said: “Over the past few years we have seen heavy investment in mixed used developments in the city, including the likes of Waterfront Plaza which is close to this site, One Fletchergate and The Glasshouse on Huntingdon Street. Mixed use development is the way forward and we expect significant interest in the site from residential developers, but also those looking at the larger opportunity of combining two sites.”

David Hargreaves added: “If all three sites are put together, the location is appropriate for not only residential, but also offices, a hotel, educational use and student accommodation.”

For further information please call David Hargreaves or Stuart Horne on 0115 950 7577 or visit www.fhp.co.uk

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For further information please contact Catherine Keep at Willoughby PR on 0115 924 7132/ 07791 027 070 or email catherinek@willoughby-pr.co.uk

Notes to editors

Fisher Hargreaves Proctor was established in 1990 and is now one of the leading firms of property consultants in the Midlands.   Fisher Hargreaves Proctor was ranked number 59 in the Estates Gazette Top UK Agents table and holds the title of Midlands Property Advisor of the Year.

The company operates from offices in Nottingham, Derby and Newark and specialises in development, agency, investment and professional services work across the retail, leisure, office, industrial, warehouse and residential sectors.  The three Partners of the firm are John Proctor, David Hargreaves and Andrew Chapman.