Nottingham river fronted development site sold

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Acting on behalf of Gilbert & Hall, the luxury family house builders, David Hargreaves of FHP Property Consultants has completed the sale of a prime site at Riverside Way next to the Wilford Toll Bridge overlooking the River Trent.

Paul Tewson and Chris Hall of Gilbert & Hall had worked with Steve Rayner of Rayner Davies to secure Planning Consent for the redevelopment of the old industrial units and have secured planning consent for a 42 unit – 30,000 sq ft – apartment scheme including 24 Duplex Apartments.

Paul Tewson said: “We work really well with FHP Living and FHP and had instructed them back in February last year, but when the magnitude of the Pandemic started to be realised, David advised us to put the launch on hold until market sentiment improved, which we did.

“However, in November David had an enquiry from Unitech Plus, to whom he had sold 3 other sites, looking for a further site to buy and within 2 weeks he had agreed terms for the sale of the site at circa £40,000 per unit in an off market transaction at our target price.”

Hargreaves said: “Gilbert & Hall are great to deal with as

 link source - East Midlands Business Link - Property

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