Summary - 106, UPPER PARLIAMENT STREET NG1 6LF
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Size**: Approximately 13,075 sq ft corner retail building
- **Income**: Currently generating £60,500 annually from commercial units
- **Planning Permission**: Approved for 26 student studios on upper floors
- **Location**: Just a 4-minute walk from Nottingham Trent University and Old Market Square
- **Accessibility**: High foot traffic for commercial viability with excellent mobile signal
**Concerns:**
- **Local Area Crime**: High crime rates noted in the vicinity
- **Broadband Speed**: Reported to be very slow which may affect business operations
This prominently located high street retail property on Upper Parliament Street in Nottingham is a lucrative opportunity, boasting a large footprint perfect for substantial investment. Spanning over 13,000 sq ft, the building contains multiple retail and restaurant spaces currently generating a yearly income of £60,500. Its upper floors come with granted planning permission for conversion into 26 student studios, making it an ideal choice for investors looking to tap into the thriving student rental market.
Positioned within close proximity to key amenities and institutions like Nottingham Trent University and Old Market Square, this property ideal offers both commercial and residential potential. While the local area’s high crime rate and slow broadband speed might raise concerns, the site’s historical architectural charm and prime retail location can still command significant interest. This unique offering combines classic Victorian elements with modern redevelopment potential—an exclusive chance not to miss in Nottingham’s evolving landscape!
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