Summary - THE FRIARY, 104, FRIAR GATE DE1 1FG
1 bed 1 bath Hotel
Large central conversion or leisure investment near university catchment.
Grade II listed Georgian building, constructed 1730, strong historic character
Extensive site: 0.64 acres with beer patio and ~10 off-street parking spaces
Large mixed-use layout: pub, nightclub, catering kitchen, offices and hotel block
Former hotel block: 23 ensuite rooms in poor, semi-derelict condition, water ingress
Requires substantial renovation and listed-building consent for most changes
Close to Derby University — strong student and professional catchment
Area challenges: very high crime and very deprived locality; medium flood risk
VAT payable; offers invited over £850,000 plus VAT
A substantial Grade II listed building dating from 1730, offered as a vacant freehold extending to 0.64 acres. The site combines a large ground-floor public house, a separate nightclub/club room with catering kitchen and cellar, first- and second-floor offices, staff and limited living accommodation plus a T-shaped former hotel block to the rear. The property includes an enclosed beer patio for around 80 covers and off-street parking for approximately ten vehicles. Offers are invited over £850,000 plus VAT.
The building has strong asset fundamentals for the right buyer: historic character and high ceilings in the original Georgian/Victorian areas, prominent A52 city-centre frontage, and immediate proximity to Derby University and a large student/professional catchment. The site’s mixed-use layout suits leisure operators, conversion to residential or student accommodation, or redevelopment subject to listed-building and conservation-area constraints.
Material issues are significant and are stated plainly. The property is Grade II listed and lies in a conservation area, which will restrict alterations and increase consenting costs. The former hotel block is in poor, semi-derelict condition with evidence of water ingress and stripped fittings; the whole building requires renovation. VAT is payable and the area records very high crime levels and above-average deprivation, factors that will influence operating costs and lettability. Flood risk is medium.
This lot will suit an investor or developer prepared for substantial repair, listed-building negotiations and active asset management. The price reflects the site size and central location but budget realistically for refurbishment, specialist conservation works, insurance and licensing compliance. Vacant possession is offered, enabling immediate project planning once purchase completes.
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