Indoor market and student flats scheme revealed for prime city retail site

Previous plans showed an indoor food market

A major Nottingham city centre retail unit that was up for sale for around £4.1m is under offer, with new images released of what it could look like if it changes use into student accommodation.

191-195 Lower Parliament Street, which is currently let to Peacocks-owned Bon Marche and Poundland, was originally built as part of the intu Victoria Shopping Centre. It stretches to almost 28,000 sq ft over basement, ground and first floors and brings in rent of over £450,000 a year.

TheBusinessDesk.com reported back in July that the unit was set to be sold an auction, through agent Allsop, after an unnamed vendor undertook some pre-planning advice which examined the potential for turning it into 81 student studio apartments.

How the building looks now

New drawings of the redevelopment plans show that the lower ground floor of the building could be used as a year-round covered market.

Marketing material outlining the plans reads: “The property has the potential to be a prime development site within the heart of Nottingham city centre subject to all necessary consents.

“Given the property’s location in relation to the city’s retail provisions and Nottingham Trent University’s main campus, a mixed use scheme seems viable.”

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