Property Description

A former Methodist Chapel with planning permission pending to convert into 13 Self contained apartments. A rare opportunity to redevelop this charming period property into a superb range of 1 and 2 bedroom apartment over 3 floors. Planning permission pending Ref- AVA/2023/0493. Further information and drawings are available on Amber Valley Council Website. The site will comprise 11x One bedroom flats, 2x Two bedroom flats along with amenity/ garden space, bin store and bike racks. Well placed in the popular village of Kilburn which gives excellent access to the A38 and therefore Derby, Belper and Duffield are all close by. An ideal build to rent with estimated rental income circa £90,000 per annum once converted. Although the approved planning for 13 apartments does include a S106 contribution, this may be appealed to reduce or remove the obligation. Alternatively, amending the scheme to 9 apartments could remove it entirely. Buyers should conduct their own due diligence and seek independent legal and planning advice.

Tenure

Freehold

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