Deal Done on City Centre Investment and Development Opportunity

Another potential development site snapped up close to University.

We are delighted to announce we have exchanged contracts on the sale of this highly sought after city centre investment/development opportunity.

Comprising a block of 4 apartments and 14 lock up garages on a large site the property demonstrated clear development potential for a student accommodation scheme, whilst currently generating a valuable income stream of £33,000 per annum exclusive across the site.

Cameron Godfrey, Surveyor and agent managing the sale said, “As was expected, we received a good amount of interest for the site due to the current lack of development opportunities within Derby. Given that the demand for student accommodation is particularly strong and the property is located close to the University’s expanding city centre campus, it is no surprise that we received interest from local developers based on the indicative 22-bedroom student apartment scheme the owners had instructed architects to prepare. Following on the back of recent sales of development opportunities and land with planning for student schemes we went to a round of best and final bids to achieve the maximum price for our clients.”

Do you need assistance with the disposal of your commercial property? Get in touch with our agents today on 01332 292 825 alternatively email⁠


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