Residential conversion For Sale The Waterfall, Railway Terrace, Derby, Derbyshire

This prominent and imposing building lies directly opposite Derby Train Station on Railway Terrace. It is a mixed use location with other nearby occupiers to include a number of hotels, an excellent range of restaurants, pubs and local convenience shops.

Derby City Centre is just a 0.6 miles walk to the west. The site is well located for access to a number of major roads including the A52, A50, M1 and M42.

Large public house with functions rooms, offices and ancillary. PP for conversion to 31x apartments (15x 1-bed and 16x 2-bed) with main bar retained on the ground floor. Scope for variety of alternative uses such as health, educational, professional STP.

Areas are stated on a Gross Internal Area basis. These have been taken from Architect plans and should be confirmed.

By way of a consent referenced 22/01598/FUL, permission has been granted for reduction in scale of existing public house on ground floor and conversion to 31 apartments (Use Class C3) along with partial demolition of toilet block and outbuilding. We are advised there is no affordable requirement and there is a limit of £96,000 in S106 contributions. The current use of the building is Drinking Establishment and Concert / Dance Hall (Sui Generis). The building is situated in the Railway Conservation Area.

All mains services are connected to the property. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

The property is currently listed as a public house and premises on VOA.gov.uk.

Rateable Value: £16,500

Estimated Rates Payable: £8,234

Freehold

Residential conversion for sale freehold. Business unaffected.

£875,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.

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STAFF UNAWARE. Physical viewings with proceedable parties can be arranged on request by contacting the commercial property agent. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.