8 Clinton Terrace, on Derby Road, just north of Nottingham City Centre, has been sold in a deal brokered by FHP Property Consultants to Clinton View Ltd.
The property which extends to just under 3,000ft2, provides modern office accommodation over three floors with substantial car parking to the rear.
Thomas Szymkiw, of FHP’s Office Department who agreed the sale, said: “8 Clinton Terrace is a great building, in a fantastic location bordering the desirable Park Estate and in an area that has seen some fantastic developments in recent years including both private and student residential schemes.
“The property provided a perfect opportunity for either an office owner occupier or developer and we had high interest in the property on both fronts – resulting in a competitive bidding process that ended up with a fantastic result for our clients.
“The purchaser is looking to undertake substantial redevelopment of the building for residential use and I am very excited to see how their ambitious plans evolve over the coming months.”