Investment For Sale 10 Iron Gate, Derby, Derbyshire

Shop to let in Derby Cathedral Quarter, with frontage onto the pedestrianised Iron Gate; one of Derby's prime retail and leisure destinations. Near Slug & Lettuce (Stonegate), Pizza Express, Nando's, The Standing Order (Weatherspoon's), Bear Coffee and a number of high quality niche / independent retailers.

The opportunity is just 0.1 miles north of the Becketwell regeneration area; home to Derby's first purpose built PRS scheme "The Condor" a 269 unit development & the new Becketwell Performance Venue; a 3,500 seat arena.

Close to Derby's refurbished Market Hall, a new city centre market hub with a vibrant food and beverage offering.

Derby bus station is 0.3 miles to the east and ParkSafe Car Park is 0.2 miles to the north.

Two shops and separately accessed self-contained offices. Recent improvement works include new roof, new boiler & refurbished windows. Part-let with scope for conversion STP.

Shop 10A is fitted out as a Barber's shop with offices to the rear & a WC. Currently let to The Dandy Gent Ltd. Passing rent of £10,000 per annum.
Shop 10B provides a predominantly open sales area, with offices to the rear & a WC. Vacant from September 2025. Both shops benefit from a display frontage and are accessed via a shared lobby.

The self contained offices to the upper floors are of a predominantly cellular layout and a right for residential conversion STP. With stunning views of the Silk Mill. Vacant from September 2025.

Externally, there is a small courtyard to the rear of the property.

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

We believe the property has been used under Class E (Commercial, Business and Service) of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be suitable for a range of professional uses STP. All parties should confirm the planning position with the relevant Local Authority. The property is Grade II Listed. List Entry: 1228261.

All mains services with the exception of gas are connected to the property. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

Freehold

Shop for Sale Freehold. Shop 10A is currently let to The Dandy Gent Ltd by way of a 10 year lease expiring December 2025 at £10,000 per annum. Shop 10B and the upper floor offices are let to Horizons Sixth Form at £25,000 per annum. They will be vacating in September 2025.

£450,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT.

C(68)

Please visit the OMEETO website for full details and a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting OMEETO or our joint agents Raybould & Sons. The agents do not take any responsibility for any loss or injury caused whilst carrying out a site visit.