Summary -
Apartment 11,37-38 Iron Gate,DERBY,DE1 3GA
DE1 3GA
6 bed 6 bath Block of Apartments
City-centre studios delivering strong rental returns and operational scale.
Six studio flats sold as one lot, tenants in place and producing income
Annual gross income £50,136, immediate revenue for purchaser
Leasehold tenure with 245 years remaining on the leases
Represents 50% of block — potential right-to-manage advantage
Allocated off-street parking and communal utility area included
Cash purchase only — no mortgage funding accepted by seller
Very high local crime rate; increased management/security needs likely
Very slow broadband and high area deprivation may deter some tenants
This offer is a ready-made investment: six studio flats in Iron Gate Studios, Derby, currently producing a gross annual income of £50,136. Units are tenanted and in good condition, with allocated off-street parking and a communal utility area. The block represents 50% ownership of the building, giving a practical right-to-manage opportunity for a single purchaser.
Important drawbacks are clear and factual. The properties are leasehold (245 years remaining) and the seller will accept cash offers only. The wider location shows very high crime levels, very slow broadband speeds and significant area deprivation—factors that will affect tenant profiles, management needs and long-term capital growth.
For an active investor comfortable with city-centre rental markets, this portfolio offers immediate cash flow and operational scale. Buyers should budget for hands-on management given the local crime context and consider broadband upgrades to improve tenant desirability. Legal and survey checks are recommended to confirm building-wide service charges and the specifics of the right-to-manage position.
6 bedroom serviced apartment for sale in 6 self-contained studios, DE1 — £325,000 • 6 bed • 6 bath
1 bedroom flat for sale in Iron Gate, Derby City Centre, DE1 — £65,000 • 1 bed • 1 bath
1 bedroom apartment for sale in Iron Gate, Derby, DE1 — £65,000 • 1 bed • 1 bath
1 bedroom flat for sale in Drewry Court, Uttoxeter New Road, Derby, Derbyshire, DE22 — £90,000 • 1 bed • 1 bath • 463 ft²
1 bedroom flat for sale in Market Place, Derby, Derbyshire, DE1 — £75,000 • 1 bed • 1 bath • 350 ft²
1 bedroom apartment for sale in Colyear Street, Derby, DE1 — £136,500 • 1 bed • 1 bath
