Mixed-Use Under Offer The Island, Queen Street, Derby, Derbyshire

The building is superbly positioned at the busy Cathedral Road/Queen Street/Full Street junction, within the Cathedral Quarter of Derby City Centre.

All city centre amenities are within easy reach; including Derbion shopping centre, the Market Place and Derby Bus Station which are within a 0.5 mile walk. Nearby occupiers include Derby Cathedral, South Derbyshire Magistrates Court, Derby Museum along with a range of town centre shops, restaurants, cafes and professional services.

2x shops and offices tenanted @ £58,000 pa + £44,000 pa car park revenue (2025). Car park on monthly management agreement, income is 75% profit share.

Vacant restaurant, 5x bed apartment & second floor storage. Second floor with scope for conversion.

In 0.8 acre city centre site with development potential. NOT ON PORTALS ALL ENQUIRIES STRICTLY TO THE AGENT. VIEWINGS BY SECRET SHOP.

The accommodation has been measured on a Net Internal Area basis (NIA), in accordance with the RICS Code of Measuring Practice. Areas have been provided by the client and should be confirmed.

The commercial units have been used under Class E and the Apartment under C3 (Residential). All parties should confirm the planning position with the relevant Local Authority.

The tenanted space is occupied by way effective FRI leases. The occupying tenants pay a service charge to cover the cost of maintenance and up keep of the block. Each unit is separately supplied for utilities.

Car Park £22,500 Ratable Vaue.
Shop and premises at Cathederal Road £13,750 Ratable Value.
Shop and premises at 47 Queen St £25,000 Ratable Value.
Office and premises at 47a Queen St £16,500 Ratable Value.
Bar on Queen St £18,500 Ratable Value

Freehold

1 Queen St, first floor apartment at 2 Cathedral Rd & Second floor storage VACANT.

47 Queen St rented to I Said Yes Bridal Ltd at £24,000 pa. A new lease has been agreed for 6 years with two yearly tenant breaks.

47a Queen St rented to Bourne and Co at £23,500 pa. to 01 Sep 2033. There is a tenant break & RR due Aug 2028. The second floor storage is vacant & offers potential for future conversion to residential STP.

Johns Framing Service rent the corner retail unit at £10,500 pa. to 13 Jan 2027.

8 of the car parking spaces are demised to the tenants. 50 spaces are managed by Atlas Enforcement who operate Pay and Display.

£1,375,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.

1 Queen Street: E (111). 47 Queen Street C(73). 47a Queen Street C(69). Johns Framing C(75).

Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.
Please contact us or visit www.omeeto.co.uk for full details

An information pack is available from the agents providing plans and a tenancy schedule.