12th August 2020
Happy hour for Derby pub as auction offers it a new lease of life
A former Derby pub with planning permission to be converted into homes is to go under the hammer with SDL Auctions this month.
After closing more than a year ago, the Dunkirk Tavern on King Alfred Street has full planning permission to be converted into two student flats in multiple occupation and three self-contained flats, by extending the first floor and installing dormer windows in the loft space to create further accommodation.
The property is due to be sold by SDL Auctions in its national property auction on Thursday 27th August, with a *guide price of £275,000+.
Plans for the Victorian property feature a self-contained flat, five en-suite bedrooms and a common room with shared kitchen on the ground floor. The first floor features six further en-suite bedrooms and a second common room with kitchen, while the new loft conversion will accommodate the other two self-contained flats.
Commercial valuer Chris Theocharides said: “There is a constant demand for accommodation of this type in Derby and this property has the potential to provide flats and bedsits of a high standard, in a prime location within walking distance of the city centre.”
The property, which sits on the corner of King Alfred Street and Bakewell Street with on-street parking, is just a few minutes’ walk to the main Intu Centre and city centre shops, around a 20-minute walk from the University of Derby’s Markeaton Street campus and just a short bus journey to the Royal Derby Hospital. The railway station is also within easy reach.
The pub currently features a main bar with lounge area, WCs, kitchen facilities and storage on the ground floor, with a beer garden and outbuildings. A large cellar could be used within the development as a mini gym for residents, or storage.
Upstairs are a landing, bathroom, kitchen, lounge, WC and four double bedrooms, one with an en-suite.
Chris added: “The approved plans are detailed and allow for several bedsits and flats, but we believe there is potential to create further accommodation up to 16 units if the plans were amended and subsequently approved.”
Dunkirk Tavern is to be sold in this month’s national property auction held by SDL Auctions, which has grown to become the UK’s most successful live-streamed auctioneer** by broadcasting monthly auctions from its head office auction studio. Since lockdown began in March, SDL Auctions has sold more than 590 lots and raised more than £75 million for sellers via its national property auctions and daily single-lot online auctions.
The auction takes place on Thursday 27th August, with bidding by telephone, over the internet or by proxy. To find out more about the former pub, or to request a free, no-obligation auction valuation of your own property, click here or call the team on 01332 242 880.