Lace Market apartments released for rental as part of £5m investment

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Perrymead Estates has released for rental the first eight apartments in its ongoing £5 million renovation of buildings around St Mary’s Church in the heart of Nottingham’s Creative Quarter.

The Nottingham based developer purchased 3 to 4 Kayes Walk in 2015 and has spent 18 months converting the Grade 2 listed Georgian townhouse into luxury residences.

The building shares an elegant courtyard with the former Lizard Lounge nightclub at 41 to 43 St Mary’s Gate, which the company acquired at the same time, and is converting to eight office studios called The Garage Studios.

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The third phase of the areas regeneration is Sutton Place, the six-storey former lace workshop overlooking St Mary’s Church at 49 Stoney Street, where Perrymead has applied for the creation of a further 21 Luxury apartments, also for rent.

In recent years, the Lacemarket area and Creative Quarter has changed in character, as some nightclub operators have moved out, and creative businesses have moved in, attracted by the quality of the built environment, and proximity to the thriving cultural and entertainment venues of Hockley.

For Perrymead, the creation of high end apartments in the area seemed a natural fit.

Oliver Wheatcroft, director of Perrymead Estates, said: “Nottingham’s crown jewels are its Lacemarket buildings, and the area is now a tranquil oasis in the middle of the city.”

At Kayes Walk, Perrymead has created unusually large two-bedroom, two-bathroom apartments. One apartment covers a huge 1,065 square feet over two floors, with the other seven large one-level flats covering 675 or 965 sq ft.

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Sutton Place, Stoney Street

“The specification of the apartments is something rarely seen outside of London, and very personal attention has been paid to the specification, whether it be the tiles sourced directly from Valencia, or the bespoke kitchens from Nottingham specialist Town & Country joinery,” added Oliver.

“It doesn’t get more personal that all the furniture being imported from Square Roots – my brother’s award-winning company in Vietnam.”
In terms of technology, the apartments are about as “smart” as one can get, with Hive app controlled heating, digital access control, and optic fibre internet connections allowing high internet speeds.

Management of all the properties will be done by Perrymead’s in house team, which it believes will add level of responsiveness more difficult to achieve via third party agents.

Dan Wright property manager at Perrymead said: “It’s our building, and we are so close by, we can hopefully respond to any tenant needs.”

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Viewings are now taking place, and the company has an open evening on Thursday 30 March from 5pm. Rents start from £1,200 pcm. All enquiries can be made through the website www.kayeswalkresidences.co.uk

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