Foresters Way - Former Cinema Car Park & Restaurant 5.25 Acres of Commercial Land Offered at $4,404,809 in Derby DE23 8BR
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.
- Planning Application submitted on the remainder of the former cinema site for a care home alongside Starbucks, Burger King and Greggs.
- Part of the popular Foresters Park Centre, formerly in use as a multiplex car park.
- A Lidl supermarket, Premier Inn, ‘Oast House' pub / restaurant and an Armadillo self-storage are also on the estate.
- 650+ marked car parking spaces.
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.
Full information is provided in our attached sales brochure.
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.
Full information is provided in our attached sales brochure.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $4,404,809 |
| Price Per AC | $839,011.20 |
| Lot Size | 5.25 AC |
An open storage or redevelopment opportunity previously used as a car park for the former cinema complex(situated immediately to the north of Foresters Way) along with a former pizza restaurant.
DESCRIPTION
A former cinema car park (surfaced) on 5.25 acres situated within a mixed use environment and within 2.5 miles of Derby City Centre. Includes a former restaurant building of c3,200 sq ft. There are an estimated 658 marked spaces on site.
