On 15 June, a rare student development opportunity was marketed by BB&J Commercial. Within two days, a deal was agreed.
A prominent city-centre site had a deal agreed within two days of the development opportunity going to market. With Mark Richardson, Partner at BB&J Commercial taking lead on the disposal of this exciting opportunity, it was bound to sell with speed.
The site is situated just on the western outskirts of Derby city centre, close to Ashbourne Road and has prominent frontage onto Slack Lane, Uttoxeter Road and Etwall Street. The location is perfect for students who want to be in close range to university campus and local amnesties such as retail and leisure.
The site benefits from planning consent for the new student development, which compromises 44 rooms split into 9 apartments over 3 floors.
Mark Richardson commented “the market for development land is currently fiercely competitive. Additionally, this is a ready to go scheme with full planning consent right in Derby’s student heartland, and as such was a rare opportunity. As an agency we are very active in the land market, so we were able to put this to a number of developers, and we were very pleased to get something agreed so quickly.”
At BB&J Commercial, we take pride in our abilities to provide expert advice on all types of commercial property and land. We are led by professionalism and innovation and are always looking for the next new way to deliver the best possible results for our clients.
If you are looking to purchase or sell a commercial property or land, please contact us today on:
Tel: 01332 292825