Nottingham build to rent scheme on the market for £23m
Monk Estates’ Lace Market Point build to rent (BTR) scheme is up for sale with a price tag of £23m.
Knight Frank is marketing the scheme, which stands between four and nine storeys high and comprises 91 apartments including 57 one-bedroom and 34 two-bedroom units.
Residents have access to a gym and yoga room; large, landscaped courtyard and roof terrace; EV charging points and a communal electric car; and onsite bar and café. Ground floor commercial space spanning around 2,755 sq ft completes the scheme.
Harrison Collins, partner in the residential investment team at Knight Frank, said: “Lace Market Point provides investors with an unparalleled opportunity to acquire one of Nottingham’s first stabilised Build to Rent schemes. The asset is exceptionally well-located in a vibrant city centre district with excellent transport, retail and leisure amenities all on the development’s doorstep.
“With Nottingham seeing some of the highest rental growth of anywhere in the country, we are expecting extremely strong investor interest upon launching to market.”