Freehold 0.93-acre site with consented apartment scheme near campus and city links.
Outline planning consent for up to 89 apartments (granted 26 April 2024)
A rare freehold redevelopment site of 0.93 acres in Derby’s University Quarter, with outline planning consent granted (26 April 2024) for up to 89 apartments. The site currently comprises three office buildings totalling 21,207 sq ft and extensive paved areas with vehicular access and off-street parking. The consented scheme is indicative of 40 one-bed and 49 two-bed flats and allows demolition of the existing offices to enable new-build residential delivery.
This parcel will suit a residential developer or investor targeting students and young professionals close to university facilities and city transport links. Practical positives include fast broadband and excellent mobile signal, freehold tenure, no flood risk, and a sizeable footprint that supports a moderately dense apartment scheme within an urban context. Existing buildings generate a clear redevelopment envelope and on-site space for construction staging.
Buyers should note constraints plainly: consent is outline (application 22/00342/OUT) so reserved matters and detailed design remain to be approved. The indicative parking provision is 38 spaces for 89 units, which may require further negotiation with planners or a change to tenure mix. The site sits in a deprived area with relatively high recorded crime rates; these local factors will influence rental levels, management costs and marketing strategy. Demolition works and full conversion to residential will require capital for clearance, remediation, and full new-build delivery.
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