Agent Details

Mark Richardson

BB&J Commercial

Former Theatre, Nottingham Road, Somercotes Alfreton, Derbyshire

6845 SqFt

Freehold


Freehold £425,000

Description

This is a fantastic opportunity to purchase a development site with detailed planning consent granted by Amber Valley Borough Council (AVA/2020/0842) for part demolition of a former theatre building and erection of 21 apartments.

The scheme which is over three storeys will retain the historic former frontage to the Premier Electric Theatre with the remainder of the building to be demolished and rebuilt to provide 21 self-contained one and two bedroom apartments with a total of 14 outdoor parking spaces and 6 garages for a total of 20 parking spaces together with an outdoor gym.


A particular benefit of the scheme is that full consent has been granted and as such the site is "ready to go" and situated within an area of significant redevelopment.

Further details relating to the existing consent and scheme are available via a Data Room upon applicants registering with our office.

Location

Alfreton is a medium-sized former mining town situated in the administrative region of Amber Valley, lying adjacent to the A38 dual carriageway, approximately 13 miles to the North of Derby, and a similar distance North West of Nottingham. The town has developed a broader employment base through the development of large industrial estates adjacent to the A38. Road communications are good, with the A38 linking with junction 28 of the M1 approximately 2miles to the north.

The site itself is situated prominently on the corner of Nottingham Road and Victoria Street in the centre of Somercotes. This is an established area with there being a surrounding mix of residential, retail and other business uses only a short distance from the busy market town of Alfreton. The area is well served by public transport links and has good access via the nearby A38 to Derby to the south (approximately 15 miles) and the M1 junction 28 to the east (approximately 3 miles).

Planning

Planning consent is granted by Amber Valley Borough Council under reference AVA/2020/0842.

Services

We understand all main services are available to the site.

Legal Costs

Each party to pay their legal costs in connection with the transaction.

VAT

It is our understanding that VAT is not applicable on the property.

Viewing

Strictly by arrangement with the sole selling agents BB&J Commercial.


Key features

  • Valuable Residential Development Opportunity.
  • Consent granted for part demolition of former theatre and construction of 21 Apartments with vehicular access, parking and amenity space.
  • Detailed consent granted, no section 106 contribution.
  • Offers in the region of £425,000.

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