Property Details

The site is situated in a prominent location at the junction with Lara Croft Way and Abbey Street approximately half a mile due south of Derby city centre. Surrounding land use is a mix of residential and commercial and the site is on a route with excellent public transport facilities into Derby city centre. The area is popular for residential lettings both to the professional and student markets and is also increasingly sought after by those working at Derby Hospital which is a short distance away on the nearby Uttoxeter Road. Derby is a major commercial centre within the East Midlands region, situated approximately eight miles to the west of junction 25 of the M1 motorway and 40 miles north east of the city of Birmingham. The city has a resident population of approximately 250,000 and traditionally draws upon a stable industrial employment base, having longstanding historical connections with the railway industry and Rolls-Royce Engineering.

The Property Comprises An L-shaped Site In A Prominent Location Currently Used For Car Sales. It Is Entirely Hard Surfaced With A Two-storey Car Repair / Office Building. A Positive Pre-application Was Received In 2021 For Potential Redevelopment Of The Site Offering A Scheme Of Two Residential Blocks Containing A Total Of 21 Apartments. As The Site Is Situated Within An Area That Is So Popular For Lettings We Anticipate A Good Level Of Interest. We Have Recently Dealt With The Sale Of Several Sites And Properties Within The Area For Such Redevelopment Schemes Due To Strong Demand In The Locality From Professionals, Care Workers And Students Alike Due To The Proximity Of Nearby Employers Such As Rolls Royce, Toyota And Also The University Of Derby City Centre Campus.