Former Cinema Car Park & Restaurant Foresters Way 3,208 SF Retail Building Derby DE23 8AG $4,311,603 ($1,344.02/SF)

INVESTMENT HIGHLIGHTS

  • Highly accessible surfaced car park with significant development potential, offered as a whole
  • Situated adjacent to Costa and KFC drive thrus and Tenpin Bowling alley
  • 650+ marked car parking spaces
  • Part of the popular Foresters Park Centre, formerly in use as a multiplex car park
  • Planning Application submitted on the remainder of the former cinema site for a care home alongside Starbucks, Burger King and Greggs
  • Derby City Centre is approximately 2.5 miles to the north.

EXECUTIVE SUMMARY

An irregular shaped site that previously accommodated the car park for the cinema complex (situated immediately to the north of Foresters Way) along with a former pizza restaurant. The latter remains on site; whilst it is capable of being occupied, it will require refurbishment having been vandalised internally. We understand (by reference to the EPC Register) that it extends to approximately 298 sq m (3,208 sq ft). The site is surfaced throughout; we estimate there to be 658 marked spaces in total. There are two access/egress points – one to the northern boundary from Foresters Way along with separate ‘in’ and ‘out’ points to the eastern boundary, adjacent to the TenPin Bowling unit.
The site slopes down towards the southeastern corner. There are pockets of landscaping throughout and mature trees and bushes to the boundaries.
The site (along with the plot to the north) was granted planning permission (Application No. 21/00844/FUL) granted in October 2021 for the “Demolition of existing Cinema and separate restaurant buildings. Erection of building for motor dealership, including MOT Testing facility and external area for storage and display of vehicles.”
The property is available freehold with vacant possession upon completion. Upon application. Unconditional bids are preferred but well-informed subject-to-planning proposals will also be considered.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
3,208 SF
Building Class
B
Year Built
1999
Price
$4,311,603
Price Per SF
$1,344.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
5.25 AC
Frontage
63’ on Foresters Leisure Park

AMENITIES

  • Security System
  • Storage Space
  • Air Conditioning

NEARBY MAJOR RETAILERS

Sainsbury's
Lidl
Table Table
The YMCA
JD Gyms
Lloyds TSB
Heron Foods
Starbucks
National Westminster Bank Plc
Chicken Cottage
  • Listing ID: 35328488

  • Date on Market: 4/1/2025

  • Last Updated:

  • Address: Foresters Way, Derby DE23 8AG