Beeston in Nottingham is set to benefit from a new mixed-use development which will bring 132 new homes, a cinema and food and drink outlets to the East Midlands town.
A two-acre site is now being offered for sale as a freehold development and it is anticipated that it could reach offers in excess of £1.5 million.
Broxtowe Borough Council – which is acting as the lead developer – is in advanced negotiations with a national cinema operator after unanimously securing full consent and outline planning consent for 79,182 square foot residential and 6,225 square foot of commercial space.
Councillor Richard Jackson, Leader of the Council for Broxtowe Borough Council said: “Beeston presents an exciting development opportunity for those who are looking to capitalise on an up-and-coming area of Nottingham, which is fast becoming a destination of choice for many businesses.
“This scheme gives the town space to grow further by offering modern and flexible spaces for restaurants, bars and cafes alongside flexible lease commercial opportunities in an already thriving area. We’re working to revitalise Beeston’s night-time economy by driving increased footfall to the town from the local and surrounding communities.”
The scheme forms the second phase of a £50 million development which involved the refurbishment of the shopping precinct, new and improved public transport connecting the town to the NET tram network, more retailers, cafes and a gym.
Work is expected to start next year and will consist of two buildings with surrounding landscaping and additional outdoor space for people to enjoy. For more information on the scheme and to view the designs click here.