Summary - Units 1 - 6, East Street, Derby DE1 2AU
1 bed 1 bath Shop
Prominent pedestrian frontage with immediate rental income and redevelopment upside.
Freehold retail parade totalling about 8,405 sq ft
A rare freehold investment in Derby city centre, this mid-terrace retail parade comprises six ground-floor units with substantial upper-floor accommodation. The property totals approximately 8,405 sq ft and currently produces a reported income of £103,000, delivering immediate rental return while offering clear scope for value uplift.
Ground floors benefit from direct frontage onto a busy pedestrianised plaza beside the main bus-station crossing to the Derbion shopping centre, surrounded by national multiples and strong pedestrian footfall. Upper floors are underutilised or boarded and present a clear refurbishment or conversion opportunity for ancillary space, offices or additional lettable floors.
The site is offered as a medium-to-large town-centre redevelopment prospect for an investor or developer seeking active retail income plus asset-management upside. Note material considerations: the local area records very high crime and very high deprivation levels, and upper parts require investment to restore windows and internal finishes. There is no private outdoor amenity.
Practical positives include freehold tenure, low flood risk, excellent mobile signal and fast broadband — relevant to retail, leisure or flexible Class E uses. Potential purchasers should factor refurbishment costs and local commercial market conditions when modelling returns.
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