Forester House, Derby, DE1 1NW

This site for the conversion of 5 floors of Use Class E premises in Derby city centre is situated in the heart of the Becketwell redevelopment area. The site is the former home of the job centre plus and currently has planning permission in place for a 111 bedroom hotel and a 160 seater restaurant which can be implemented so makes this a zero risk purchase. We can also see a low risk strategy of developing this in 2 phases to create around 70 residential apartments and a variety of commercial space on the ground floor to give additional amenity to residents. Our proposed profit on the scheme is in excess. We anticipate the build element to take around 18 months.