Grand Property Assets – Real Estate – Business – Management

Crompton Street, Derby

Ownership

Acquired

Asset class

Land

Project Area

7,579.44 Sq. Ft.

Acquired

28 Jun, 2016

Price Range

£800k to £1M

Project description

We are thrilled to announce another strategic acquisition, further cementing our commitment to investing in high-potential locations: the Crompton Street car park in Derby City Centre.

This purchase represents a significant addition to our portfolio, securing a parcel of land in a truly prime urban location. Crompton Street sits right within the bustling heart of Derby, an area benefitting from proximity to key commercial districts, transport links, and increasingly, residential zones.

Location is Key

The Crompton Street site is currently known and utilised as a convenient city centre car park. Its location offers superb accessibility, placing it within easy reach of Derby’s core amenities, including shopping areas, businesses, and potentially the nearby Cathedral Quarter and Derbion centre. Acquiring land in such a central position is a rare and valuable opportunity. The immediate vicinity shows a dynamic mix of uses, reflecting the evolving nature of modern city centres.

A Blank Canvas with Exciting Potential

While currently serving a practical purpose for parking, the real excitement lies in the site’s future potential. Owning land in a location like Crompton Street provides a unique opportunity to contribute positively to the ongoing regeneration and development of Derby City Centre.

We are currently evaluating the possibilities this site holds. Its prime location lends itself to a variety of potential future uses that could significantly enhance the urban fabric. Could it support much-needed city living through residential development? Offer new commercial or retail space? Or perhaps a thoughtful mixed-use scheme combining elements to best serve the community?

Exploring these options allows us to consider how this site can best contribute to Derby’s future growth, vitality, and appeal as a place to live, work, and visit.

Our Vision

This acquisition aligns perfectly with our vision of identifying and securing assets in strategic locations with strong underlying value and development potential. We believe in the long-term growth prospects of Derby and are excited to play a part in its future development landscape.

We look forward to carefully considering the next steps for the Crompton Street site and exploring how we can unlock its full potential to deliver a high-quality development that benefits Derby City Centre.

Stay tuned for future updates as our plans progress!

Key Details