Property giant to sell prime city centre residential site
The UK’s biggest privately-owned real estate firm, Telereal Trillium, is selling a piece of land which has planning permission for a residential scheme.
Harris Lamb has been instructed to sell the plot on Cowan Street, which has outline consent for 42 apartments or 91 student flats. The site is currently being used as a car park.
James Willcock, of the Harris Lamb’s residential land team, said: “Surrounded by characterful residential and commercial buildings, this is a well-positioned site, with the city centre being within easy reach on foot.
“It is located less than a mile of Nottingham Trent University and three miles away from the University of Nottingham, and has a prominent location next to the entrance to Victoria Park, a short walk to the city’s Lace Market, and with the city having such a high student population, it lends itself very well to student accommodation as well as to larger apartments.
“The site is also central to key routes through the city, with the A60 Huntingdon Street running to the south of the land and St Ann’s Well Road becoming Beck Street at the roundabout adjacent to the parcel.
“We are confident that there will be significant interest in this opportunity from developers keen to capitalise on the demand for accommodation within the city, be it to meet the needs of university students or those wanting quality new homes in the area.”
Telereal Trillium is on of the UK’s largest property companies, owning and managing over 8,000 properties, valued in excess of £6bn.