This Grade II listed building in Derby's main professional and business district is a prime investment opportunity, with planning and listed building approvals already granted. The property is located near the University of Derby's School of Law and Business School, and within a short walk of Derby Market Place. The estimated build cost is £285,000, with a projected gross annual income of £84,000. The proposed rental structure includes a mix of single and double-occupancy studio units, with a total projected gross rental income of £7,375 per calendar month. The property includes a range of amenities, including a shared kitchen, dining, and living area, as well as individual studio rooms with en-suite facilities and tea stations. With all necessary approvals in place and comprehensive documentation included, this opportunity presents a well-positioned and low-risk investment in a high-demand rental market.