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Town Centre Development Opportunity, Land, Stuart Street, Derby, DE1 2ER

0.69 acres / Land / Vacant Site

For Sale - £1,500,000.00

Under Offer - Last updated: 21 September 2021

Description

Exciting town centre development opportunity STP.

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.

Accommodation

The site has been measured from OS mapping.

Tenure Comments

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

Brochure Header

Development site
( Agency Pilot Software Ref: 64 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £1,500,000.00 NA

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Chris Wright

Omeeto

01332 916235



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