Summary - 28A, SADLER GATE DE1 3NL
1 bed 1 bath Commercial Property
Period retail investment with immediate income and central pedestrian frontage.
Freehold mixed-use building in Derby Cathedral Quarter
Total area 1,198 sq ft (111.3 sq m) across three storeys
Income-producing: £18,300 per annum from existing tenancies
Asking price £250,000 (income implies ~7.3% gross return)
Ground-floor retail fitted to a good standard with large display windows
Upper floors accessed separately; currently treatment rooms and storage
Very high local crime and very deprived area — lettability risk
Small plot with limited private external space; conversion may need works
This freehold, mixed-use property occupies a prominent position in Derby’s historic Cathedral Quarter, with a well-fitted ground-floor retail unit and upper floors in use as beauty/aesthetics treatment rooms. The building benefits from large display windows, pedestrian high-street frontage and separate upper-floor access via a small courtyard — features that support continued retail or ancillary commercial use.
The property is offered income-producing, generating £18,300 per annum from existing tenancies, and is sold freehold. Size is 1,198 sq ft (111.3 sq m) across three storeys, suitable for investors seeking a compact city-centre retail asset with immediate rental income; the asking price is £250,000 (current income implies a gross return of about 7.3%).
Buyers should note material negatives plainly: the location records very high crime and sits within a very deprived area, which can affect tenant risk and lettability. The plot is small with limited private external space, and upper floors are configured for specialist use (treatment/storage), so conversion to other uses may require alteration and consent.
Overall, this is a straightforward, centrally located investment in a period building with visible shopfront and existing rents. It will suit an investor or owner-occupier willing to manage tenant turnover and local market risks, or a buyer planning modest refurbishment to increase rental value.
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