The site is just a stones throw from the Intu Centre, so it is no surprise that the race is on to make a purchase.
Regeneration is one of many interested parties and is expected to purchase a large proportion of the 18.4-acre expanse of land. Planning permission has been outlined for the construction of 400 homes and a supermarket.
However, due to the fact that the land is owned by the public sector, Derby Hospitals NHS Trust is required ask for bids for the site to ensure the best price.
In summer, a £3.8 million Government loan was secured by the city’s hospitals trust to clear the land and make it more attractive to potential buyers. Work is currently under way to ready the site for demolition and clearance and it is expected to be available for new development from September 2015.
Bids for the land must be received on or before Friday, November 7, this year.
Outline planning consent already approved for the site includes a range of commercial uses as well as the 400 homes and sheltered accommodation for the elderly. Supermarket giant Morrisons had previously been linked with the site but pulled out in May after a reported fall in sales.
st of the former DRI site was left vacant after the majority of healthcare staff and services moved to the Royal Derby Hospital in 2009.
Russell Rigby, managing director of Rigby & Co, said: “The formal promotion of this site has been timed to coincide with the site demolition works.
“Compendium Living’s adjoining Castleward Urban Village is selling and letting well which underpins our belief that we are timing the release of this site at absolutely the right time.”
Land formerly occupied by the DRI is split into two parts, the 18.4-acre site for which bids are being invited and the London Road Community Hospital, made up of six wards. We look forward to seeing the as it happens and even hope to have an active role in ensuring that the right guys are on site to get the job done!
Let us know your thoughts on what you would like to see on the former DRI site!
Posted 20th August 2015