Mill Street, DERBY

This property presents a compelling investment opportunity in the heart of Derby, comprising 23 self-contained units that cater primarily to the student rental market. With a current gross income exceeding £221,000 for the upcoming academic year, this asset demonstrates strong revenue potential. Originally converted in 2019 under approved planning reference DER/08/18/01227, each unit is equipped with its own kitchen and bathroom facilities, ensuring independence for tenants. The location is advantageous, situated within walking distance to the University of Derby and various local amenities. While the property is fully operational and generating immediate cash flow, there remains significant room for value enhancement through targeted renovations or upgrades. These could include cosmetic improvements to modernize interiors or enhancements to communal areas. The gated parking facility adds an extra layer of appeal. With Derby's expanding student population continuing to drive rental demand, this multi-unit property offers investors not only secure income but also promising long-term capital growth prospects.