_Lace Market Point: £23m stabilised BTR block hits the market in Nottingham

Knight Frank is seeking offers of £23 million for the asset, Lace Market Point, which is one of Nottingham’s first stabilised Build to Rent (BTR) schemes to go on sale.

A purpose-built scheme standing at 4 and 9 storeys in height, Lace Market Point comprises 91 apartments including 57 one-bedroom and 34 two-bedroom units.

Residents have access to a fully equipped gym and yoga room; large, landscaped courtyard and roof terrace; EV charging points and a communal electric car; and onsite bar and café. Ground floor commercial space spanning c.2,755 sq ft completes the offering.

The property is exceptionally well located in Nottingham city centre’s vibrant Lace Market district. This area of Nottingham is a hub for business, innovation and creativity, and was once the epicentre of Europe’s lace production. It's now a sought-after area of the city centre known for its independent eateries, bars and boutiques.

Nottingham is receiving a huge amount of inward investment, with the Southern Gateway redevelopment and Island Quarter regeneration both set to create thousands of jobs and deliver hundreds of new homes, alongside major office, retail, leisure, F&B, transport and public realm improvements. Lace Market Point is a 6 minute walk from both projects.

Harrison Collins, a Partner in the Residential Investment team at Knight Frank said:

“Lace Market Point provides investors with an unparalleled opportunity to acquire one of Nottingham’s first stabilised Build to Rent schemes. The asset is exceptionally well-located in a vibrant city centre district with excellent transport, retail and leisure amenities all on the development’s doorstep. With Nottingham seeing some of the highest rental growth of anywhere in the country, we are expecting extremely strong investor interest upon launching to market.”