Development opportunity Stuart Street Phoenix Street Derby DerbyshireDE1 2ER

Size

Site Area: 0.69 acres/0.28 hectares

Property Description

Description Exciting town centre development opportunity being offered on a STP basis. The site comprises a cleared, level, roughly rectangular parcel of land formally used as a pay and display car park. There were once 66 apartments on this site, these were demolished some time ago however the site is surrounded number of quality high rise residential blocks. Location The site lies to the north east of the City Centre, south of the A601 inner city ring road. It is a mixed use location with nearby occupiers to include Premier Inn (Derby City Centre), Derby City Council Offices, Derby Market Place and a number of high rise residential blocks. Immediately to the north is the "Landmark" site where there are proposals for a 17 storey PRS block of 202 apartments. An excellent range of city centre amenities are within 0.5 miles to include the Intu Centre and Derby Bus Station. Planning The site lies within the North Riverside Regeneration Area and is within the Our City Our River (OCOR) programme. OCOR aims to create significant opportunities for new development along the river corridor by providing appropriate levels of flood protection whilst enhancing the leisure, tourism, ecological and sustainable transport value of the River Derwent and its tributaries. Phase I of OCOR has been completed and this site forms part of Phase II. Derby City Council are in the process of procuring consultancy support to progress a detailed planning application for P

Planning and Development information:

The site lies within the North Riverside Regeneration Area and is within the Our City Our River (OCOR) programme. OCOR aims to create significant opportunities for new development along the river corridor by providing appropriate levels of flood protection whilst enhancing the leisure, tourism, ecological and sustainable transport value of the River Derwent and its tributaries. Phase I of OCOR has been completed and this site forms part of Phase II. Derby City Council are in the process of procuring consultancy support to progress a detailed planning application for Phase II. A plan showing the preferred flood defence alignment is available from the agent. This is an update from the plan within the 2015 Outline Consent and if approved will see flood defences constructed along the southeast site boundary with Stuart street. Hence there is a developer opportunity to engage with the LPA about the prospect of incorporating a development on this site with the flood defence works.

Terms

For Sale: £1,500,000 equating to £2,173,913 per acre
Prices are subject to VAT unless otherwise stated
Sale is subject to contract

Agent's Disclaimer

IMPORTANT NOTICE 1) Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing. 2) These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts. 3) All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise. 4) Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

There are no plans available to view for this property. Contact the agent for further information

Property Location

The site lies to the north east of the City Centre, south of the A601 inner city ring road. It is a mixed use location with nearby occupiers to include Premier Inn (Derby City Centre), Derby City Council Offices, Derby Market Place and a number of high rise residential blocks. Immediately to the north is the "Landmark" site where there are proposals for a 17 storey PRS block of 202 apartments. An excellent range of city centre amenities are within 0.5 miles to include the Intu Centre and Derby Bus Station.

Name:	Chris Wright
Company:	Omeeto
Address:	19 St Christophers Way Pride Park Derby Derbyshire DE24 8JY
Email:	Email the agent
Direct Dial:	(01332) 840328
Mobile:	07471 072799

Land Available in Derby