The Landmark, Phoenix Street, Trade Close, Derby

Description

Significant Consented Residential Development Opportunity

The Property comprises a cleared development and was formerly occupied by the Phoenix Iron Foundry, which was demolished in the 1990s.

More recently the property was used as a car park.

Planning consent is granted for a new build tower-block development comprising 202 no. 1 & 2-bed apartments (see

The site area is 0.72 acre (0.29 hectare).

Location

Derby is a cathedral city and unitary authority area on the River Derwent in Derbyshire, England. Derbyshire is named after Derby, which was its original county town. The population of Derby is 263,490.

By road the city lies 7 miles west of junctions 24 and 25 of the M1 motorway, 130 miles north of London, 50 miles north of Birmingham and 75 miles south of Leeds.

Nearby Derby railway station is operated by East Midlands Railway and served by express services to London (quickest service 1h 25m), the northeast and southwest.

East Midlands Airport is approximately 15 miles from the city centre.

The Property is located on the edge of the city centre, 150 metres to the east of the River Derwent and within the northern limits of the city's ring road.

Executive Summary

The Property comprises a cleared development and was formerly occupied by the Phoenix Iron Foundry, which was demolished in the 1990s.

More recently the property was used as a car park.

Planning consent is granted for a new build tower-block development comprising 202 no. 1 & 2-bed apartments (see The Scheme section in the attached brochure for further information relating to town planning).

The site area is 0.72 acre (0.29 hectare).

Key features

• Situated on the edge of Derby city centre with convenient access to public transport links and local amenities.
• Forming part of the promoted Derby Riverside area. Masterplan currently being developed with frontage onto the River Derwent and new public realm.
• Planning permission in place to develop 202 efficiently designed apartments within Derby's tallest building.
• Resident amenities proposed include a gym, concierge, resident's lounge, guest suite and coffee area.
• 5-minute walk into the heart of Derby's city centre.
• Mix of one- and two-bedroom apartments, catering for a range of residents whilst satisfying the demand for one person households within the catchment.
• Planning consent implemented and documented by the local authority.
• Subject to a short-term licence to occupy with the local authority providing income of £4,500 per calendar month.
• A competitive finance arrangement may be available. Please enquire for more details in relation to potential terms.