This prime investment opportunity is a Grade II listed building in Derby's main professional and business district, next to the University of Derby's School of Law and just 0.1 miles from the UoD Business School. The property has planning and listed building approvals already granted, offering a well-positioned and ready-to-develop opportunity. The estimated build cost is £285,000, with a projected gross annual income of £84,000. The property will feature a mix of single and double-occupancy studio units, including a double occupancy studio with a kitchen, two double occupancy studios with tea stations, five single occupancy studios with tea stations, and a single occupancy double en-suite room. The total projected gross rental income is £7,375 per calendar month, with a strong return potential in a high-demand rental market. The property includes a range of amenities, including a shared kitchen, dining, and living area, and is within a short walk of Derby Market Place. With all necessary approvals in place and comprehensive documentation included, this opportunity presents a well-positioned and low-risk investment in a sought-after city centre location.