MapLand
Under offer
Land
0.21 acre(s)
Features and description
- Existing attractive building split into four self contained flats plus 14 lock up garages currently producing c£33,000 PA
- Indicative scheme drawn up to replace garages with 22 bedrooms of student accommodation.
- Ever popular student area close to the University of Derby
- Offers in Excess of £550,000.
This is a fantastic opportunity to acquire a prominent site which already has an existing building split into four self-contained flats with flats A and C being the most spacious. There is significant potential for further development to provide a student led residential scheme replacing 14 lock-up garages.
Indicative plans have been drawn up for a two and a half storey scheme of 22 student bedrooms of some 557 sqm on a gross internal area basis.
This clearly demonstrates potential for further development on the site which would be appropriate given the significant amount of student accommodation within the area. At this stage no formal discussions or pre-applications advice has been obtained from the LPA.
With the continuing expansion of the University of Derby's City Centre campus and the much-anticipated opening of the Business School we anticipate significant interest in the site.
The building to the rear north west of the car park has a right of fire exit only across the site.
Location
Derby is a major commercial centre within the East Midlands region, situated approximately eight miles to the west of junction 25 of the M1 motorway and 40 miles north east of the city of Birmingham. The city has a resident population of approximately 250,000 and traditionally draws upon a stable industrial employment base, having longstanding historical connections with the railway industry and Rolls-Royce Engineering.
The subject property stands on the busy Ashbourne Road within a short distance of the University of Derby's many buildings and within approximately half a mile of both the expanding City Centre Campus and the Kedleston Road Campus. This is an ever-popular student area which is well served by a wide range of facilities and amenities and excellent public transport links.
Accommodation
The accommodation to the existing building comprises ground floor flat A: hallway, living room, kitchen, bedroom, bathroom. Ground floor flat B: hallway, kitchen/living room, bedroom, bathroom. First floor flat C: hallway, living room, kitchen, bedroom, bathroom. First floor flat D: hallway, living kitchen, bedroom, bathroom.
The main existing building has a Gross Internal Area of 229 sqm / 2,465 sq ft.
Externally the property stands on a level roughly rectangular site extending to 0.21 acres / 0.084 hectares or thereabouts. The site has a large cobbled / tarmacadam parking area and parking space suitable for circa 10 cars and an additional two blocks of lock-up garages of 9 and 5 units.
Planning
Please note that whilst an indicative development scheme has been drawn this has been on the basis of looking at the viability of the site and no formal planning application or pre-application has been made. Any enquiries with regards to future development should be made to Derby City Council. Part of the site falls within the Friar Gate Conservation area.
A further information pack is available including prospective floor plans, copies of assured shorthold tenancies, and virtual tours of flats A and C.
Services
It is understood that all main services are available and connected to the site.
Legal Costs
Each party to be responsible for their own legal costs.
VAT
All figures are quoted exclusive of VAT.
It is our understanding that the property is not registered for VAT.
Viewing
Strictly via the sole agents BB&J Commercial.
Virtual tours of two of the flats are available.
Indicative plans have been drawn up for a two and a half storey scheme of 22 student bedrooms of some 557 sqm on a gross internal area basis.
This clearly demonstrates potential for further development on the site which would be appropriate given the significant amount of student accommodation within the area. At this stage no formal discussions or pre-applications advice has been obtained from the LPA.
With the continuing expansion of the University of Derby's City Centre campus and the much-anticipated opening of the Business School we anticipate significant interest in the site.
The building to the rear north west of the car park has a right of fire exit only across the site.
Location
Derby is a major commercial centre within the East Midlands region, situated approximately eight miles to the west of junction 25 of the M1 motorway and 40 miles north east of the city of Birmingham. The city has a resident population of approximately 250,000 and traditionally draws upon a stable industrial employment base, having longstanding historical connections with the railway industry and Rolls-Royce Engineering.
The subject property stands on the busy Ashbourne Road within a short distance of the University of Derby's many buildings and within approximately half a mile of both the expanding City Centre Campus and the Kedleston Road Campus. This is an ever-popular student area which is well served by a wide range of facilities and amenities and excellent public transport links.
Accommodation
The accommodation to the existing building comprises ground floor flat A: hallway, living room, kitchen, bedroom, bathroom. Ground floor flat B: hallway, kitchen/living room, bedroom, bathroom. First floor flat C: hallway, living room, kitchen, bedroom, bathroom. First floor flat D: hallway, living kitchen, bedroom, bathroom.
The main existing building has a Gross Internal Area of 229 sqm / 2,465 sq ft.
Externally the property stands on a level roughly rectangular site extending to 0.21 acres / 0.084 hectares or thereabouts. The site has a large cobbled / tarmacadam parking area and parking space suitable for circa 10 cars and an additional two blocks of lock-up garages of 9 and 5 units.
Planning
Please note that whilst an indicative development scheme has been drawn this has been on the basis of looking at the viability of the site and no formal planning application or pre-application has been made. Any enquiries with regards to future development should be made to Derby City Council. Part of the site falls within the Friar Gate Conservation area.
A further information pack is available including prospective floor plans, copies of assured shorthold tenancies, and virtual tours of flats A and C.
Services
It is understood that all main services are available and connected to the site.
Legal Costs
Each party to be responsible for their own legal costs.
VAT
All figures are quoted exclusive of VAT.
It is our understanding that the property is not registered for VAT.
Viewing
Strictly via the sole agents BB&J Commercial.
Virtual tours of two of the flats are available.
Property information from this agent
About this agent
Established in 1989, BB&J Commercial are a leading firm of chartered surveyors and commercial property consultants providing expert advice on all types of commercial property and land. Our highly skilled team of surveyors have a reputation for unparalleled professionalism and innovate ideas that deliver the best possible results for our clients.