>
Land for sale
Mount Street, Derby, Derbyshire, DE1
£450,000
Mount Street, Derby, Derbyshire, DE1
£450,000
Our Summary
- ** ATTENTION DEVELOPERS / INVESTORS / BUILDERS ** AUCTION IS NOW LIVE **
- A fantastic development opportunity in Derby's City Centre to be sold by Modern Method of Auction
- There was FULL PLANNING CONSENT (REF: 03/14/00427) granted in 2016 for the construction of 3-Storey mixed residential and commercial unit with parking space for 10 cars
- FULL PLANNING PERMISSION IN PLACE
- The approved plans are available online at the Derby Planning Portal (REF 24/00914/FUL)
- This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
- FULL PLANNING PERMISSION GRANTED MAY 2025
- Investment / Development Opportunity
- Modern Method of Auction - NOW LIVE
Description
A rare development opportunity in Derby's city center is now available for sale by auction. The site, formerly home to two plots and a block of garages, has been cleared and offers a chance to build a 3-story mixed-use development with retail space on the ground floor and residential units above. The project has already received full planning consent, allowing for the construction of 12 apartments and a commercial unit with parking for 10 cars. The estimated gross development value is £2.4-2.5 million, with substantial rental yields expected from the completed units. The property is situated in a prime location, close to the city center, university, and transport links, making it an attractive opportunity for investors and developers.