Lot 003 - 1178 London Road, Alvaston, Derby, Derbyshire, DE24 8QG

  • Unconditional Online Auction Sale
  • Guide Price* : £110,000.00

Plot of land , previously a two story building. Ideal for 18 apartments, 2 detached homes or Commercial unit, with apartments above

Description

Versatile Development Opportunity - Land with Huge Potential
Formerly the site of a carpet shop (now demolished), this cleared plot of land presents a fantastic opportunity for developers and investors alike. Planning was previously refused due to overlooking rear properties due to its design. This was back in 2019 for 18 apartments, but planning policy has evolved significantly since then. Prospective purchasers are encouraged to consult with the local planning authority to explore the site's full potential.


A rare and exciting opportunity to acquire a generous plot of land with flexible development potential in a prime, accessible location. The site may be suitable (STPP) for a range of schemes, including two executive detached homes, a block of up to 18 stylish apartments, or a mixed-use building such as a convenience store (Tesco Extra-style) with residential units above, doctors/dentists. There's strong local demand for both residential and commercial property, this plot offers the chance to create a high-yield development in a thriving area. Early interest is expected-enquire now to explore the full potential.

CGI images are of potential builds

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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