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73 Monk St 1,819 SF Retail Building Derby DE22 3QA $862,558 ($474.19/SF)
INVESTMENT HIGHLIGHTS
- Prominent location close to city centre
- Excellent public transport
- Great potential
EXECUTIVE SUMMARY
The property comprises an L-shaped site in a prominent location currently used for car sales. It is entirely hard surfaced with a two-storey car repair / office building at 1,896 sq ft. The Land as a whole is 0.22 acres.
A positive pre-application was received in 2021 for potential redevelopment of the site offering a scheme of two residential blocks containing a total of 21 apartments.
As the site is situated within an area that is so popular for lettings we anticipate a good level of interest. We have recently dealt with the sale of several sites and properties within the area for such redevelopment schemes due to strong demand in the locality from professionals, care workers and students alike due to the proximity of nearby employers such as Rolls Royce, Toyota and also the University of Derby City Centre Campus.
A positive pre-application was received in 2021 for potential redevelopment of the site offering a scheme of two residential blocks containing a total of 21 apartments.
As the site is situated within an area that is so popular for lettings we anticipate a good level of interest. We have recently dealt with the sale of several sites and properties within the area for such redevelopment schemes due to strong demand in the locality from professionals, care workers and students alike due to the proximity of nearby employers such as Rolls Royce, Toyota and also the University of Derby City Centre Campus.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
1,819 SF
Building Class
B
Year Built
1980
Price
$862,558
Price Per SF
$474.19
Tenancy
Single
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.12 AC
Frontage
80’ on Monk St
AMENITIES
- Bus Line
1 1
NEARBY MAJOR RETAILERS
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73 Monk St
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