25-33 Babington Lane, Derby, DE1 1SX

The property is prominently situated on Babington Lane within close proximity to the Westfield Centre which has recently opened following a £XXX million redevelopment anchored by Marks & Spencer and Debenhams. A 12 screen Showcase Cinema de Lux also forms part of the development. 25-33 Babington Lane has an excellent visual profile onto this busy street and the proposed new ring road for Derby will pass at the top of Babington Lane with a new roundabout being created as shown.

The property comprises a range of accommodation split over four floors. 15 dedicated private parking spaces are located to the rear of the property. The existing basement storage area was previously used for retailing and we consider that on redevelopment this useful area may be utilised for car parking or ancillary purposes. There is a large surface car park in separate ownership located to the rear.

Offers are invited for the freehold interest for the whole building. The vendor still trades from the building and is able to take a flexible attitude with regard to specific purchaser requirements.

In our opinion the property would lend itself to a wholesale redevelopment with the total site area being 0.158 Ha (0.39 Acres). The site is identified within the Derby Cityscape Master Plan as a potential redevelopment site. The site would be suitable for a number of alternative uses and interested parties are advised to speak to Derby City Council on 01332 293111 or Derby Cityscape on 01332 204194. The Master Plan for Derby City Centre may be accessed via www.derbycityscape.com.