BB&J Commercial is delighted to bring to the market 6 Mill Street, an exceptional freehold investment opportunity located in the heart of Derby’s student district.
This prominent two-storey Victorian property has been sympathetically converted to create 23 high-quality, self-contained one-bedroom apartments, arranged across two blocks and extending to 10,072 sq. ft. (935.8 sq. m).
The site, which totals 0.25 acres (0.10 hectares), benefits from secure off-street parking and a landscaped communal garden, offering a comfortable and modern living environment for residents.
Fully let for the 2025/26 academic year, the property generates a gross annual income of approximately £221,460, presenting investors with a strong and immediate return.
The building’s location within Derby’s thriving student hub makes it particularly attractive to investors. Positioned just half a mile from Derby City Centre, Mill Street sits parallel to Friar Gate and Ashbourne Road, offering convenient access to the University of Derby campuses, including the nearby Cavendish and Law Buildings and the city’s key transport links.
Internally, each apartment has been refurbished to a high specification, blending the character of its Victorian architecture with modern design and functionality. Several apartments feature mezzanine levels to enhance space and versatility, while all benefit from contemporary fixtures and fittings.
BB&J Commercial is instructed to seek offers in the region of £2,675,000, reflecting a net initial yield of 7.09%, subject to contract and exclusive of VAT.
For further details or to request the full information pack, contact Mark Richardson or Cameron Godfrey from the BB&J Commercial team:
