Summary - 10 Iron Gate, Derby, Derbyshire, DE1 3FJ DE1 3FJ
1 bed 1 bath Residential Development
City‑centre conversion or re-let opportunity with immediate rental income potential.
- Freehold commercial building in Derby Cathedral Quarter
- Total area approximately 3,530 sq ft across multiple floors
- Part-let: Barber’s shop producing £10,000 pa
- Upper offices vacant with right for residential conversion STP
- Recent works: new roof, new boiler, refurbished windows
- EPC rating C (68); property VAT registered
- Located in very high crime, very deprived neighbourhood
- Small rear courtyard; no off‑street parking
A rare freehold development opportunity in Derby’s Cathedral Quarter, offered with one shop let and vacant upper floors ready for conversion (STP). The property comprises two ground-floor shops and separately accessed self-contained offices above, totalling approximately 3,530 sq ft, with recent capital works including a new roof, new boiler and refurbished windows.
Income currently includes a fitted barber’s shop producing a passing rent of £10,000 pa; the second shop and the upper offices are vacant, providing immediate re-letting or residential conversion potential subject to planning. The upper floors enjoy long views across the Silk Mill and benefit from tall windows and good natural light.
Practical strengths include city-centre high‑street frontage, a small rear courtyard, VAT registration and an EPC rating of C (68). The property is offered at £450,000 freehold — attractive for investors or developers targeting inner‑city regeneration and short supply within the Cathedral Quarter.
Buyers should note material considerations: the building sits in a very high crime, very deprived neighbourhood classification, which may affect tenant demand and insurance costs. Conversion to residential requires planning consent, and parts of the building will need fit-out or refurbishment before occupation. The plot is small and there is no off‑street parking included.
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