6 Mill Street, Derby, DE1 1DY

Overview

Description

Location

The property comprises a substantial two-storey Victorian building of solid brick construction, featuring attractive period detailing with large timber sliding sash windows beneath a traditional pitched slate roof. The building follows an 'L'- shaped configuration, with car parking to the front and a small landscaped garden to the rear, creating a pleasant and practical environment for residents.

Internally, the accommodation has been thoughtfully refurbished and presented to a high quality standard throughout. Ceilings and walls are plaster-finished, while floors are a mix of solid concrete and suspended timber construction. The property combines the charm of its original Victorian character with the benefit of modern fit- out and layout.

The building has recently undergone a comprehensive conversion to create 23 high-quality, self-contained one- bedroom apartments, each providing open-plan living and kitchen space, bedroom and en-suite shower room with WC.

Several apartments incorporate mezzanine areas to maximise space and functionality.

The overall standard of presentation is excellent, reflecting recent refurbishment works.

Overall, the property represents a well-presented, modern conversion within a distinctive period building, offering high-quality, purpose-designed accommodation ideally suited to the student rental market.

Summary

Key points

Highly prominent multi-let student investment opportunity located within the heart of Derby's student district.
Property is fully tenanted for the 2025/26 student academic year with a combined gross annual income of £221,460 per annum.
The property is arranged over two levels extending to 10,072 sq ft (958.8 sq m).
23 x high quality 1 bedroom student apartments across 2 blocks.
Secure off-street parking along with a communal garden included.
We are instructed to seek offers at £2,675,000, subject to contract and exclusive of VAT, which reflects a net initial yield of 7.09% based on the average running costs for the property.