Bridgford Point, Lady Bay Bridge, West Bridgford, Nottingham NG2 5GA High Profile Apartment Development Opportunity
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Bridgford Point, Lady Bay Bridge, West Bridgford, Nottingham NG2 5GA High profile apartment development opportunity Illustrative CGI of the scheme Bridgford Point, Lady Bay Bridge, West Bridgford, Nottingham NG2 5GA 3BB Summary This site offers the opportunity to build a high profile and accessible development in the desirable and high value area of West Bridgford, Nottingham. The site benefits from consent for a four storey apartment complex comprising x32 two bed apartments and x16 one bed apartments plus secure and surface car parking. The scheme comprises 100% private units and there are no S106 contributions. Location The site is located approximately 1.5 miles (2.4 km) south east of Nottingham City Centre, on the corner of Lady Bay Bridge and Scarrington Road. This prominent position provides efficient access into the City Centre, as well as out of the City via the A52 Ring Road and A60, which in turn lead to a number of surrounding Illustrative CGIS of the development opportunity suburbs including West Bridgford, Edwalton, Colwick, Southwell and Bingham. Nottingham Railway Station and a wide range of public transport, retail and leisure amenities are on offer in the City within close proximity to the site. In addition the highly desirable and sought after West Bridgford Town Centre is within 1 mile (1.6 km) of the development site. West Bridgford is often identified in national surveys as being one of the most sought-after residential areas in the country boasting a range of quality niche retailers as well as a variety of national bars and restaurants including Pizza Express, Carluccios’s, Gusto, Mud Crab, Costa Coffee and Caffè Nero. Lady Bay Retail Park is within 0.5 miles (0.8 km) with occupiers including The Range, Hobbycraft, Subway and Burger King. Also within 1 mile (1.6 km) is Eastpoint Retail Park where tenants include Aldi, Poundland, Smyths Toys, Just For Pets and Costa Coffee. Bridgford Point, Lady Bay Bridge, West Bridgford, Nottingham NG2 5GA Situation Accommodation schedule: The site holds a prominent position on the corner of Lady Bay Bridge and Scarrington Road, Floor Total Floor Area in sqft (GIA) Total Floor Area in sqm (GIA) benefiting from main road frontage and offering stunning views over The River Trent. Also within close proximity are well recognised sporting facilities including Nottingham Rugby Ground 10,323 sqft 959 sqm Club, Trent Bridge Cricket Ground, Nottingham Forest Football Stadium, Notts County Football First 9,731 sqft 904sqm Stadium, Holme Pierrepont Country Park and National Water Sports Centre. Immediately adjacent to the site is the established Bridgford Point retail and residential Second 10,290 sqft 956 sqm development, comprising three floors of apartments above retail , with occupiers including Bathstore, Laithwaite Wine, Feather & Black and Clarke Home Interiors. Third 10,290 sqft 956 sqm Site Area Basement 8,202 sqft 762 sqm Total 48,836 sqft 4,537sqm This is a 100% private unit scheme with no S106 contributions payable. Alternative Uses The Seller will consider alternative uses such as roadside, retail and leisure on site, subject to confirmation of the level of due diligence undertaken and timelines for delivery. Method of Sale The site will be sold by way of Informal Tender. Offers are invited on a conditional or ideally unconditional basis by noon on Monday 1 October 2018. Offers should be made in writing, should not relate to any other offer and should include the following as a minimum: This image is not to scale NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office.© Crown copyright licence number 100022432 Savills (UK) Ltd. • Nature of use and due diligence undertaken NOTE:- Published for the purposes of identification only and although believed to be correct Indicative sale plan accuracy is not guaranteed. • Any conditions relating to your offer Site Area Approximately 0.37 acres (0.15 ha) • Proposed timescales for exchange and completion Tenure • Solicitor’s details Freehold with Vacant Possession upon completion. • Confirmation of proof of funds for the purchase price • Brief background to the company Planning Offers should be addressed to: Victor Ktori/Ann Taylor, Planning consent has been granted for the development of a four storey apartment building Savills (UK) Ltd, Enfield Chambers, 18 Low Pavement, Nottingham, NG1 7DG with semi-basement and surface car park. Planning Reference - 16/01118/FUL Offers may be submitted via email to: [email protected] / [email protected] Rushcliffe Borough Council, www.rushcliffe.gov.uk Please note that the Vendor will not be obliged to accept the highest or indeed any other offer. Bridgford Point, Lady Bay Bridge, West Bridgford, Nottingham NG2 5GA High profile development opportunity Guide Price Upon Application. VAT To be confirmed by the Seller’s solicitors. Services We understand that Mains Water, Electricity, Gas and Drainage are available in the vicinity. However, prospective purchasers should satisfy their own enquiries to the relevant Authority as to the suitability, capacity, connectivity and exact location of services. Legal Costs Each party are to bear their own legal costs in connection with this transaction. Further Information Please contact: Victor Ktori Ann Taylor Ryan McGrath [email protected] [email protected] [email protected] Savills Nottingham Office: +44 (0) 115 934 8000 Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other Illustrative CGI of the development consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. 180706AT P01 18.08.2016 First issue SS Project: Lady Bay Drawing Title: Proposed Visual scale: NTS by: SS P02 23.08.2016 Elevations revised SS New Apartments P03 24.08.2016 Signage removed SS date: 18.08.2016 status: Ful-App drawing number: 4609-A-5012 revision: P03 NOTE: This drawing is indicative only reproduction subject to copyright original sheet size A3.