Initial price	£500,000
02/07/25	£450,000
Price Change	-10.00%

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.