The Berry Group, a property investment company specialising in HMO’s, R2R’s and commercial conversions, have purchased a prominent city centre site.
The site is a valuable city centre development opportunity with planning consent for nine flats, providing a total of forty-four student bedrooms. The site is located in a highly popular area for students with good transport links.
The property was marketed and let by local agents, BB&J Commercial.
Mark Richardson, Partner at BB&J Commercial stated, “We had really good interest in this site which is not surprising given the strength of the lettings market within the HMO sector generally, and the student market in particular. The planning on this particular scheme is for forty-four student rooms in a scheme offering the kind of facilities students have now come to expect.
Its location, close to the expanding University of Derby city centre campus, will, I am sure, lead to significant tenant demand. We have other sites in the area that we also hope to bring to market in the next few months.”
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