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17-18 Vernon St - Audrey House

6,671 SF Health Care Building Offered at $981,000 in Derby DE1 1FT

Investment Highlights

  • Popular professional sector and university location
  • Approved planning consent for conversion of 13 residential apartments
  • Proximity to the city centre and major Becketwell redevelopment

Executive Summary

The premises comprise of two three-storey Grade II Listed buildings of masonry construction with rendered finish with pitched tiled roof and sash windows, the building is of traditional Georgian Style. The premises have been converted into one large building and previously existed as a medical/mental health facility. Although some alterations have commenced but not completed, the property is being offered in shell condition. There is a large garden to the rear.
There have been various planning applications submitted for the premises with some pending decision, these relate to works to the dilapidated front of the building, under planning applications 23/01605/DISC and 23/01405/DISCLB. Full planning consent was granted on 21 May 2019 under Planning Application 19/00735/DISC for the alterations including change of use from Mental Health Unit to 13 residential apartments (Use Class C3), due to work having commenced, the planning is still valid. Although a new planning application was made on 22 Nov 2023 under 23/01605/DISC with a Discharge of conditions 3 (highways) and 4 (cycle parking) of previously approved application and currently has a status of pending consideration. The proposed scheme is over three storeys and provides 13 residential apartments ranging in size from 21 to 69 sq m. Works in accordance with the previously granted planning as detailed above have already commenced although the building is being offered in shell condition with works partially undertaken in various rooms.

Attachments

Brochure

Property Facts

Price $981,000
Price Per Bed $75,462
Sale Type Investment
Sale Conditions Redevelopment Project
Tenure Freehold
Property Type Health Care
Building Class B
Building Size 6,671 SF
No. Beds 13
No. Stories 3
Year Built 1845
  • Listing ID: 33294239

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 17-18 Vernon St, Derby DE1 1FT

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