Friday, January 21, 2022

Prime location secured for student scheme in Nottingham City Centre

Property consultants, Box Property, has secured the strategic purchase of 7 Mansfield Road, Nottingham on behalf of long-term client Megaclose Properties to expand its portfolio and significant ownership within this part of the city centre.

The prominent 21,000 sq ft multi-storey office property, built in the late 1960s, is arranged over six floors and is less than 250 metres from the city centre campus of Nottingham Trent University.

Currently accommodation for multi-let offices, the property has been purchased and planning has been granted for conversion from its former office use into an 88-bed student accommodation scheme with a ground floor retail unit.

Redevelopment works are expected to start imminently.

Frankie Labbate, co-founder and director at Box Property, said: “The Mansfield Road property acquisition fits in perfectly with the client’s existing portfolio and its ethos to provide quality student accommodation within half a mile of Nottingham’s universities.

“As specialists in buying and selling prime city centre sites with a variety of uses, we’ve worked closely with Megaclose since we set up our practice to consistently bring them off-market, prime residential opportunities to help them grow their city centre presence.”

Located in Nottingham city centre on the corner of Mansfield Road and Peachey Street, it is within walking distance to Victoria Centre bus station as well as the leisure and retail facilities nearby including the Corner House and Trinity Square. It is also less than 200m from the proposed Guildhall development which is expected to include a premium hotel and student accommodation.

The news comes on the back of another recent purchase by Box Property of a retail unit on Goosegate in Hockley on behalf of Megaclose. The student accommodation specialist has plans to turn the upper floors into a 27-bed development.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.







Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close