Colliers International is seeking offers in excess of £23,000,000 for the 200,000 sq ft scheme, comprising two hotels trading as Holiday Inn and Hampton by Hilton, Genting Club casino, five restaurant units and a convenience store. The five-storey scheme also includes Derby City’s Bus Station, let to Derby City Council on a 150 year lease and serving 12 million passengers per annum.
Tim Meakes, Director at Colliers International, said, “Derby was ranked second out of all UK cities for employment growth, making it one of the UK’s prime economic hotspots. The scheme is a modern mixed use gateway development which will also benefit from Derby’s new leisure hub, which is to be constructed adjacent to an Olympic size swimming pool as part of the Council’s £50m leisure strategy.”
Colliers’ Licensed and Leisure team is also acting as joint letting agents the two remaining vacant units within the scheme, available on a new 15 year lease.
Derby Riverlights, which completed in 2010, is located adjacent to Westfield Derby shopping centre, the River Derwent, and the recently rejuvenated Riverside Gardens, as well as Derby’s council offices employing 3,000 staff. It is famously the home to the UK headquarters of Rolls-Royce with over 11,000 employees based in the city. The £100 million redevelopment of the City’s Castleward is also underway in the City to create 800 new homes and 34,500 sq ft of commercial space on a 30 acre site.