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Former care home in Arnold to be turned into flats following six-figure deal

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A former 32-bed care home in Arnold is set to be turned into flats after a developer completed a six-figure deal to buy the building.

Nottingham-based property development company, Hockley Developments bought Millbeck House on Oakdale Road with plans to convert the building into 23 self-contained apartments.

Situated in the Killisick Estate, the 7,895 sq ft property attracted interest from a variety of sources for both continued and different uses, with several entering the initial bid process.

Craig Straw, director at Innes England who acted as agent on the deal, said: “The confidence in the location made this a highly sought-after site. Following a competitive bidding process, in which we received a number of credible offers, we are delighted to have successfully sold this asset to Hockley Developments who have an excellent track record of converting these assets into much-needed homes.

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PICTURED: Millbeck House

“The sheer volume of bids and enquiries demonstrates the on-going confidence in the Nottingham market.”

Hockley Developments Sales Manager Jo Callaway said: “We have been keen on this property for a number of months, and are delighted to have completed this purchase, and to be able to deliver new housing in an area that has a real shortage of one and two-bed properties.

“We have already seen strong demand from locals and expect a good number of off-plan reservations.”

Work on the site is expected to start shortly, with the first homes expected to be completed by May 2021.

Find out more at https://www.innes-england.com or join the conversation at @InnesEngland.  

Spotted something? Got a story? Email our newsdesk news@gedlingeye.co.uk

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