Plans have been granted for the development of a restaurant and bar at the site of a former Lloyds TSB bank in Mapperley. The proposals for the old bank in Plains Road will also see the creation of four apartments, four offices and retail space.
The bank was shut down during the pandemic. Hillcrest Properties, a third-generation family property company based in Nottingham, successfully secured planning consent for the site.
Work is set to start on the £2.25million scheme over the coming weeks and the units will be available to rent later this year. Landa Associates has been instructed to find an operator for the new restaurant, as well as tenants for the accompanying first-floor offices and ground-floor retail space.
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Developers said they have been "inundated" with interest from major operators. Sunny Landa, director at Landa Associates, said: "This scheme is yet to hit the market, but we are already being inundated with interest from major operators.
"Demand for these sorts of properties located in affluent areas is at an all-time high. This development will help satisfy that by bringing new high-quality space to this part of Nottingham.
"We are confident that the prestigious location coupled with the ambitious plans our client has for the development will stimulate economic growth and job creation. On behalf of Hillcrest, I would like to thank the planning committee at Gedling Borough Council for granting permission for this fantastic new addition to Mapperley."
EDGE is providing cost and project management services for the scheme. Elliot Holloway, from EDGE, said: "‘We are proud to be a part of this development and I look forward to seeing the project complete. The plans are of the highest quality and the nature of the accommodation will be superb."
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