Beeston 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 is expected to 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 development offers four commercial units available to lease on flexible lease terms for retail and food and drink tenants.
Jackson added: “We’re confident that we will secure a cinema tenant with up to six screens in the coming months and we’re looking forward to taking this project forward. It’s only right that we ensure Beeston takes advantage of the growth opportunities taking place in Nottingham and the wider East Midlands.”
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.
The scheme has been developed by Nottingham-based Leonard Design Architects and is being marketed by agents JLL and HEB.