Rare opportunity to acquire this 102 bedroom purpose built student accommodation (PBSA) development site in Derby City Centre.
Summary
- Planning permission for 102 Bedroom PBSA (decision pending)
- 0.203 Acres or thereabouts
- Prime site front the A601 Inner City Ring Road
- Derby City Centre
- Potential to be direct let to University of Derby
- Offers invited in Excess of £1m.
Location
The site occupiers a prime location fronting the A601 Inner City Ring Road and is within short walking distance of Derby City Centre.
The site benefits from excellent public transport connections, situated close to Derby Railway Station and having several bus routes operating within close proximity, linking to the University of Derby.
Get directions from Google Maps
Mainline Stations
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Derby17 mins
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Peartree30 mins
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Spondon60 mins
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Duffield93 mins
Underground Station
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Chesham1769 mins
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Amersham1808 mins
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Chalfont and Latimer1831 mins
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Chorleywood1862 mins
Further Information
Price Offers in excess of £1,000,000
Description
Opportunity to acquire a prime 0.203 acre PBSA development site fronting the A601 Mercian Way in Derby.
The site is currently subject to a planning application (decision Pending) for the demolition of existing car showroom and erection of a three to six storey block for use as student accommodation (102 rooms in 16 cluster flats).
The new student block is to be constructed as a three to six storey structure, stepped in the direction towards the ring road. The accommodation will be set out across 16 clusters, each comprising of between 3-10 bedrooms, all with en-suites and the high majority also having kitchenettes within the bedroom space.
University of Derby
The University of Derby was established in 1993 and is a highly popular University with around 22,000 students annually.
The Main campus is situated on Kedleston Road, Derby and easily accessible from the site. There is a real opportunity for the developer to deliver the project as a direct let PBSA block to the University. The University prides itself on modern high quality accommodation having won ‘Best University Housing’ at the 2024 Global Student Living Awards for the third year running.
The Proposal
Unconditional offers in excess of £1m are invited for the freehold interests, subject to contract. It is anticipated that the transaction will be completed by way of a sale of the shares of the SPV.
Interested parties are advised to contact the agents for further information and to seek appropriate advice in respect to the structure of the transaction.
Tenure
Freehold – held under Titles DY115854, DY588110 and DY211949. The Property is being sold with full vacant possession.
Further Information
A full suite of supporting documents are available to interested parties and can be issued upon request
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