BIRCHOVER HOUSE BIRCHOVER HOUSE, CHURCH LANE NORTH, DARLEY ABBEY, DERBY DE22 1EU Residential Investment Opportunity For Sale A rare opportunity to purchase an unbroken freehold residential apartment block of 40 apartments in the East Midlands www.savills.com/birchoverhouse BIRCHOVER HOUSE DARLEY ABBEY, DERBY Birchover House is located in Darley Abbey, a well regarded, proportion of habitants in the Darley Ward are ‘professional affluent village close to Derby city centre in the East Midlands occupiers’ at 32.1% followed by ‘managers, directors and senior region. The property is approximately one and a half miles officials’ at 14.4%. According to the 2011 Census, the Darley from Derby City Centre. Derby railway station has a journey Ward population increased 22.8% over the previous 10 years. time to London of approximately 1 hour 30 minutes. It benefits The village traces its past from medieval times, as the location from easy links to the A38, A50, M6 and Junction 25 of the M1 is of one of England’s largest and most affluent Augustinian only nine miles away. In addition the property has good access monasteries, through to Henry VIII’s Dissolution of 1538. Darley to the Peak District, one of the UK’s major tourist attractions, via Abbey is surrounded by four local recreational parks and the A6. The tourist villages and towns of Ashbourne, Bakewell benefits from excellent connectivity into and around Derby. and Buxton are all within close proximity. Retail Parks at Kingsway, Meteor Centre, Wyvern and Park Farm Shopping Centre are all within easy reach. Derby represents the third largest city in the region. Derby has a broad and diverse economy with most industrial Excellent educational facilities are close at hand to include sectors represented. Significant companies with Head primary schools - Walter Evans in Darley Abbey and St Mary’s Quarters in Derby include Rolls-Royce, Bombardier and Toyota Catholic School and secondary education at St Benedict’s and Manufacturing UK. Investment of £300 million is under way Woodlands in Allestree. Private education is a short distance in Derby to provide a state of the art Sport Arena, Velodrome, away at the Old Vicarage in Darley Abbey. Derby High School hi-tech Business Park (Infinity Derby) and a new out of town and Derby Grammar School are approximately five miles away Retail Park. Derby’s population as per the 2011 Census was in Littleover. approximately 248,700 and 1,543,000 in the wider metro area. Birchover House was purpose built to provide high quality, According to trade union GMB the East Midlands population spacious accommodation to national and international has increased by more than 10%, ranking 2nd after London. corporate clients on long and short term stays. It has won Derby’s population increased by 12.2% between 2001 and 2011. design awards and Derby City has been proud to have this Darley Abbey is one of Derby’s prime, aspirational suburbs. building located on the A38 at the Gateway to Derby. According to the Office for National Statistics the highest Matlock INVESTMENT SUMMARY M1 A61 > Unbroken freehold residential investment A38 A6 Alfreton > 40 Apartments in one block with 20 two bedroom and 20 one bedroom units A515 A523 > Modern development built in 1999 to a high specification Ripley > For sale subject to a single tenancy agreement expiring 28 February 2016 and vacant possession thereafter A52 Belper > ERV on a individually let AST basis of approximately £290,000pa Ashbourne A6 M1 Heanor A610 > Popular owner-occupier location offering a break up A38 opportunity post lease expiry Duield Cheadle Brailsford A52 Little Eaton Ilkeston A515 A52 A50 Uttoxeter Derby DERBY Station A52 Long A5111 A516 Eaton M1 A38 A6 A50 A453 A518 A50 A50 A511 East Midlands International Airport A515 Burton upon Trent A6 M1 A42 A38 A511 2 3 BIRCHOVER HOUSE FIXTURES AND FITTINGS PLANNING BIRCHOVER HOUSE All kitchens have marble tiled walls and fitted wooden wall Below is the planning history of the property: and floor cupboards. The bathrooms are fully tiled with The property comprises a single detached four storey building of 40 apartments built in five cores, with brick elevations Ref. marble and there is a private sauna in each apartment. The incorporating double glazed UPVC casement windows under a pitched tile covered roof. The building comprises 20no. DER/01/97/00067 one bedroom apartments and 20no. two bedroom apartments. Each core has eight apartments, with two apartments on property is to be sold inclusive of these fixtures and fittings each floor, a two bedroom and a one bedroom apartment, accessed by a passenger lift. and a schedule of what is to be included in the sale will be Description available in the online dataroom. Erection of 40 Apartments In addition to the apartments there is a management office, communal laundry room, plant room and store room. Outcome The property was purpose built and completed in 1999 to a high specification. SERVICES PLANT AND Granted 20/06/1997 Birchover House faces a central landscaped car parking area with 46no. tarmacadam spaces. The total site area is It is understood that the property is not subject to any outstanding approximately 0.456 hectares (1.125 acres). EQUIPMENT planning conditions and there are no plans in the proximity which would adversely affect the property. The property is not listed or The property is served by mains water, electricity, gas located within a Conservation Area. Interested parties are advised and drainage. All the Apartments are linked to a central to undertake their own investigations of the Derby City Council. Average air conditioning system (currently decommissioned) and ACCOMMODATION Type Number En-suite Parking Unit Size central heating system. The building is equipped with a building management system allowing independent control Each of the apartments has a similar COUNCIL TAX 1 Bedroom 59 sq m of the building management functions via a computer link. layout which includes lounge/kitchen/ 20 1 Apartment (639 sq ft) Smoke detectors are in every apartment and the communal dining area, double bedroom with Apartment areas. en-suite shower room with sauna and 2 Bedroom 81 sq m Nos. 31 to 70 (all the subject apartments) 20 2 second double bedroom with en- Apartment (877 sq ft) Each of the 5 communal cores has a staircase and suite bathroom in the case of the two passenger lift. There is CCTV to external areas of the site. Band bedroom apartments. Summary of the 2,817 sq m A Totals 40 46 accommodation: (30,324 sq ft) Payable 2015/2016 TENURE £955.00 The property is held freehold and is unbroken, with none of the flats having being sold out of the title. VAT The property is elected for VAT. The vendor maybe willing to TENANCY proceed with a sale by way of a TOGC. The property is let in its entirety to Birchover Residences Limited. The lease is due to expire on 28 February 2016 EPC and is outside of the security of tenure provisions of the Landlord and Tenant Act (1954). It is on a full repairing basis, The property has the following Energy Performance Certificate subject to a schedule of condition. Rating: E 4 5 THE UK PRIVATE ONLINE DATAROOM RENTED SECTOR AND VIEWING The rising demand for rented housing Further information, to include the over the past decade and lack of new below, is available in the online housing supply has driven the price of dataroom at: www.savills.com/ housing beyond the reach of a large birchoverhouse segment of the population. Please register to gain access. Strong population growth over the next 10 years coupled with a tightening > Floor plans mortgage market for both first time > Tenancy buyers and buy to let landlords, means that there is significant opportunity for > Additional photography large scale investors to meet the rising > Schedule of Accommodation demand for rented property. Savills expectation is that the Private > Title plan Rented Sector (PRS) will continue to > Energy Performance Certificate expand for the remainder of the decade, to 6.6m households in the UK by 2019, > Schedule of contents to be included which is around 250,000 new PRS with the sale households per annum. CONTACT PROPOSAL To discuss the Property and to arrange a viewing please contact the joint sole Offers are invited for the unbroken agents: freehold interest subject to occupational lease and on the Michael Donaghy Rachel V. Walton anticipation of vacant possession being Savills BB&J provided from 28 February 2016. +44 (0) 115 934 8030 +44 (0) 1332 292 825 [email protected] [email protected] Piers de Winton Savills +44 (0) 20 7016 3816 [email protected] Important Notice Savills, BB&J and their clients give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills, BB&J, their clients and any joint agents have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing in conjunction with BB&J: 020 7499 8644 July 2015.