A prime, 102-bedroom student development opportunity has hit the market in Derby for offers in excess of £1m.
Set for the 0.203-acre site of a former car showroom at 73 Monk Street, fronting the A601 Mercian Way, the scheme is set to benefit from excellent proximity to the University of Derby’s main campus, providing a real opportunity for a developer to deliver the project as a direct let PBSA block to the University.
The site is subject to a live planning application for the demolition of the existing structures and new development of a three to six storey block for use as student accommodation.
The scheme proposes providing 102 rooms in 16 cluster flats. The flats would offer between 3-10 bedrooms, all with en-suites and the high majority also having kitchenettes within the bedroom space.
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, Wood Moore & Co at enquiries@woodmoore.co.uk for further information.
