Prominent potential development site available freehold with vacant possession.
This is a rare opportunity to purchase a prominent 0.22 acre site situated close to Derby city centre at the junction of Lara Croft Way and Abbey Street.
A formal pre-application has been made to Derby City Council in respect of developing a 21 bedroom scheme of apartments in an area where there is strong demand for rented accommodation, though the site is potentially suitable for a range of residential or commercial uses subject to planning.
Mark Richardson, partner at BB&J Commercial commented “We have had significant success selling a number of city centre sites over recent years and this is the latest in a long line that we expect to attract a significant demand. As recently highlighted by Marketing Derby, city centre, living is essential to bring new life into Derby. This site offers the potential for an attractive residential scheme which would suit both professionals and potential students looking to live close to Derby City Centre. Alternatively, a commercial use on site taking advantage of its prominent inner ring road location may appeal to potential developer or occupiers.
The site currently trades as a car sales and repairs business and will be available freehold with vacant possession. The sale price is £645,000.