Development site

Land, Stuart Street, Derby, Derbyshire, DE1 2ER

£1,500,000 for the Freehold

0.69 Acres

Key Features

  • Expressions of interest invited
  • City Centre regeneration site
  • Adjacent the Landmark - 202 apartments proposed
  • Within Phase II of OCOR (Our City Our River)
  • Preferred flood defence alignment established STP

Full description

Exciting town centre development opportunity being offered on a STP basis. The site comprises a cleared, level, roughly rectangular parcel of land formally used as a pay and display car park. There were once 66 apartments on this site, these were demolished some time ago however the site is surrounded number of quality high rise residential blocks.

Location

The site lies to the north east of the City Centre, south of the A601 inner city ring road. It is a mixed use location with nearby occupiers to include Premier Inn (Derby City Centre), Derby City Council Offices, Derby Market Place and a number of high rise residential blocks. Immediately to the north is the "Landmark" site where there are proposals for a 17 storey PRS block of 202 apartments. An excellent range of city centre amenities are within 0.5 miles to include the Intu Centre and Derby Bus Station.

Planning

The site lies within the North Riverside Regeneration Area and is within the Our City Our River (OCOR) programme. OCOR aims to create significant opportunities for new development along the river corridor by providing appropriate levels of flood protection whilst enhancing the leisure, tourism, ecological and sustainable transport value of the River Derwent and its tributaries. Phase I of OCOR has been completed and this site forms part of Phase II. Derby City Council are in the process of procuring consultancy support to progress a detailed planning application for Phase II. A plan showing the preferred flood defence alignment is available from the agent. This is an update from the plan within the 2015 Outline Consent and if approved will see flood defences constructed along the southeast site boundary with Stuart street. Hence there is a developer opportunity to engage with the LPA about the prospect of incorporating a development on this site with the flood defence works.

VAT

All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

Business Rates

Tenure

Freehold

The land is being offered freehold with vacant possession. The price advertised is a guide and offers STP are invited.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Particulars Updated

12 Apr 2021

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

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