Student Housing Development, 73 Monk Street, Derby, DE22 3QE

Opportunity to acquire a prime 0.203 acre PBSA development site fronting the A601 Mercian Way in Derby.

The site is currently subject to a planning application (decision Pending) for the demolition of existing car showroom and erection of a three to six storey block for use as student accommodation (102 rooms in 16 cluster flats).

The new student block is to be constructed as a three to six storey structure, stepped in the direction towards the ring road. The accommodation will be set out across 16 clusters, each comprising of between 3-10 bedrooms, all with en-suites and the high majority also having kitchenettes within the bedroom space.

The site occupiers a prime location fronting the A601 Inner City Ring Road and is within short walking distance of Derby City Centre.

The site benefits from excellent public transport connections, situated close to Derby Railway Station and having several bus routes operating within close proximity, linking to the University of Derby.

The University of Derby was established in 1993 and is a highly popular University with around 22,000 students annually.

The Main campus is situated on Kedleston Road, Derby and easily accessible from the site. There is a real opportunity for the developer to deliver the project as a direct let PBSA block to the University. The University prides itself on modern high quality accommodation having won ‘Best University Housing’ at the 2024 Global Student Living Awards for the third year running.

Unconditional offers in excess of £1m are invited for the freehold interests, subject to contract. It is anticipated that the transaction will be completed by way of a sale of the shares of the SPV.

Interested parties are advised to contact the agents for further information and to seek appropriate advice in respect to the structure of the transaction.

Freehold – held under Titles DY115854, DY588110 and DY211949. The Property is being sold with full vacant possession.

A full suite of supporting documents are available to interested parties and can be issued upon request