City centre property deal sealed

The parent company of house-builder Chevin Homes has completed a deal to buy a stunning property in Derby from Rolls-Royce.

Chevin Group Holdings has bought the magnificent Litchurch Villa, on the corner of Osmaston Road and Bateman Street, from the engineering giant for an undisclosed sum.

Known as the Foreman’s Club, the Grade II-listed regency villa extends to circa 5,000 sq ft and sits on a 0.74-acre site, which includes a bowling green.

The property is not far from the Nightingale Quarter regeneration site, where hundreds of new homes are being built by Wavensmere Homes on land formerly occupied by Derbyshire Royal Infirmary.

Following the deal with Chevin, Rolls-Royce will continue to occupy the property under licence.

Chevin Group has a significant and varied commercial property portfolio.

The company offers a sale and leaseback proposition to companies seeking to raise capital from the disposal of their freehold offices / shops/ hospitality venues, while remaining in occupation.