Summary - 73, MONK STREET DE22 3QE
1 bed 1 bath Flat
High-yield PBSA site near University with vacant possession and strong transport links.
- Freehold town-centre site of c.0.203 acres
- Planning application submitted for 102-bed PBSA (decision pending)
- Potential for direct-let to University of Derby
- Vacant possession; sale may be via SPV share sale
- Large total floorspace potential commercially deliverable
- Small footprint; limited on-site parking shown
- Busy ring road frontage; traffic noise and access constraints
- Very high local crime and deprived area profile
A rare town-centre freehold development plot extending to approximately 0.203 acres, promoted for a 102-bedroom purpose-built student accommodation (PBSA) scheme. The site fronts the A601 inner city ring road and sits within easy walking distance of Derby city centre, public transport links and the University of Derby, presenting strong occupational demand for high-quality student housing.
Planning permission is currently pending for demolition of an existing car showroom and erection of a three- to six-storey PBSA block arranged as 16 clusters with en-suite rooms. The site is being offered with vacant possession and freehold title, with offers invited in excess of £1,000,000. There is scope for a direct-let arrangement to the University of Derby, supporting a deliverable income-led development option.
Buyers should factor design and viability constraints into their appraisal: the plot is compact with limited on-site parking, immediate neighbouring buildings and busy road frontage which will influence massing, access and acoustic treatment. The surrounding area scores as deprived with very high crime levels, and traffic noise from the ring road is a material consideration for residential amenity.
This opportunity will suit specialist PBSA developers or investors able to manage town-centre, high-density construction and deliver mitigation for noise, security and streetscape impact. A full data room and supporting documents are available for serious parties to assess scheme economics, build costs and planning risk.
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