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Investment

Investment For Sale Derby

PROPERTY ID: 147781

PROPERTY TYPE

Investment

STATUS

Available

SIZE

10,072 sq.ft

Key Features

Highly prominent multi-let student investment opportunity located within the heart of Derby's student district.
Property is fully tenanted for the 2025/26 student academic year with a combined gross annual income of £221,460 per annum.
The property is arranged over two levels extending to 10,072 sq ft (958.8 sq m).
23 x high quality 1 bedroom student apartments across 2 blocks.
Secure off-street parking along with a communal garden included.
We are instructed to seek offers at £2,675,000, subject to contract and exclusive of VAT, which reflects a net initial yield of 7.09% based on the average running costs for the property.

Property Details

The building occupies a highly convenient position on Mill Street, just half a mile west of Derby City Centre, running parallel with the A52 Friar Gate/Ashbourne Road. Mill Street itself is an attractive and established location featuring a diverse mix of property types including modern apartment schemes, stylish residential conversions and a range of commercial buildings.

The property is exceptionally well placed, benefitting from its close proximity to the surrounding University of Derby Campus's, including the recently completed Cavendish building located on the adjacent Agard Street, with other key infrastructure such as the University of Derby's Law Building nearby.

The University of Derby has approximately 34,000 students enrolled, with a diverse student body comprising undergraduate, postgraduate and international students.

This concentration of academic, student and professional activity has created a vibrant environment, making the location particularly appealing to investors within this market.

Mill Street itself enjoys excellent transport links, with the A52 Friar Gate/Ashbourne Road providing quick access to the inner city ring road and wider networks such as the A38, A50 and M1 Motorway.

Derby Railway Station and Riverlights Bus Station are also within easy reach, offering direct connections to London, Birmingham and other major UK cities.

The Property Comprises A Substantial Two-storey Victorian Building Of Solid Brick Construction, Featuring Attractive Period Detailing With Large Timber Sliding Sash Windows Beneath A Traditional Pitched Slate Roof. The Building Follows An 'l'- Shaped Configuration, With Car Parking To The Front And A Small Landscaped Garden To The Rear, Creating A Pleasant And Practical Environment For Residents.

Internally, The Accommodation Has Been Thoughtfully Refurbished And Presented To A High Quality Standard Throughout. Ceilings And Walls Are Plaster-finished, While Floors Are A Mix Of Solid Concrete And Suspended Timber Construction. The Property Combines The Charm Of Its Original Victorian Character With The Benefit Of Modern Fit- Out And Layout.

The Building Has Recently Undergone A Comprehensive Conversion To Create 23 High-quality, Self-contained One- Bedroom Apartments, Each Providing Open-plan Living And Kitchen Space, Bedroom And En-suite Shower Room With Wc.

Several Apartments Incorporate Mezzanine Areas To Maximise Space And Functionality.

The Overall Standard Of Presentation Is Excellent, Reflecting Recent Refurbishment Works.

Overall, The Property Represents A Well-presented, Modern Conversion Within A Distinctive Period Building, Offering High-quality, Purpose-designed Accommodation Ideally Suited To The Student Rental Market.

About the Agent

Investment Unit

£2,675,000 Freehold

6 Mill Street, Derby, DE1 1DY
Investment - Available
10,072 sq ft
936 sqm
Show phone number

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