Opportunity to acquire a prime 0.203 acre PBSA development site fronting the A601 Mercian Way in Derby.
The site is currently subject to a planning application (decision Pending) for the demolition of existing car showroom and erection of a three to six storey block for use as student accommodation (102 rooms in 16 cluster flats).
The new student block is to be constructed as a three to six storey structure, stepped in the direction towards the ring road. The accommodation will be set out across 16 clusters, each comprising of between 3-10 bedrooms, all with en-suites and the high majority also having kitchenettes within the bedroom space.
University of DerbyThe University of Derby was established in 1993 and is a highly popular University with around 22,000 students annually.
The Main campus is situated on Kedleston Road, Derby and easily accessible from the site.
The ProposalUnconditional offers in excess of £1m are invited for the freehold interests, subject to contract. It is anticipated that the transaction will be completed by way of a sale of the shares of the SPV.
Interested parties are advised to contact the agents for further information and to seek appropriate advice in respect to the structure of the transaction.
TenureFreehold – held under Titles DY115854, DY588110 and DY211949. The Property is being sold with full vacant possession.
Further InformationA full suite of supporting documents are available to interested parties and can be issued upon request
