Summary - 10 Iron Gate, Derby, Derbyshire, DE1 3FJ DE1 3FJ
1 bed 1 bath Residential Development
Victorian mixed-use building with income and conversion potential in Derby Cathedral Quarter.
Part-let; Shop 10A produces £10,000 per annum
A prominent Victorian mixed-use building in Derby’s Cathedral Quarter, 10 Iron Gate offers immediate rental income and clear redevelopment upside. The property is part-let (Shop 10A producing £10,000 pa) with vacant retail and upper office accommodation from September 2025, allowing a purchaser to re-let or pursue residential conversion subject to planning (STP). Recent capital works — new roof, new boiler and refurbished windows — reduce short-term maintenance expenditure and make the building more deliverable for conversion or continued commercial use.
The upper-floor offices are self-contained with cellular layouts and tall windows that provide attractive natural light and views towards the Silk Mill, supporting residential conversion potential (STP) or creative workspace reuse. The overall footprint is substantial at approximately 3,530 sqft, and the freehold sale includes a small rear courtyard and a prominent display frontage on a high street location that benefits from strong mobile signal and fast broadband.
Buyers should weigh clear advantages against local challenges. The area is classified as very deprived with very high recorded crime rates; these factors may affect rental values, insurance and lettability. The property is VAT registered and has an EPC rating of C (68). Vacant units in autumn 2025 mean short-term voids for a purchaser who wishes to re-let immediately.
This lot will suit investors seeking a city-centre income plus refurbishment or conversion play, and developers targeting central residential or mixed-use schemes (subject to planning). The hands-on buyer can capitalise on the building’s character, high-street presence and recent repairs to add value through reconfiguration or change of use.
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