Summary - THE FRIARY, 104, FRIAR GATE DE1 1FG
1 bed 1 bath Retail Property (high street)
Large central site with leisure fit‑out and redevelopment potential close to university.
Grade II listed Georgian building, c.1730, significant period features
A substantial Grade II listed high‑street property occupying 0.64 acres on Friar Gate, offered with vacant possession. The building includes long‑established ground‑floor trading areas (public house and nightclub), extensive first‑ and second‑floor offices, rear former hotel block and staff accommodation — a rare city‑centre development plot with scope for alternative commercial or residential uses (subject to consents).
The site is well located on the A52 close to Derby city centre and the university, benefitting from a premises licence, excellent mobile and fast broadband, and retained period features such as high ceilings, decorative plasterwork and sash windows. The property’s large footprint and external beer patio, plus limited rear parking, offer clear operational value for leisure operators or potential for redevelopment or refurbishment.
Material constraints are significant and stated plainly. The building is Grade II listed and within a conservation area, which will restrict external alterations and require specialist consent and likely higher repair costs. The former hotel block is in poor, semi‑derelict condition with evidence of water ingress and stripped fittings; some areas require extensive repair or rebuilding. There is medium flood risk locally, a very high crime score for the area, and the Rateable Value is noted at £120,000. VAT is applicable and purchasers must factor in restoration, statutory consents and licensing changes where relevant.
This opportunity suits a purchaser able to manage listed building obligations and deliver a complex refurbishment or change of use — including leisure operators seeking a prominent city venue, developers exploring conversion schemes (subject to planning/listed building consent), or investors targeting long‑term regeneration potential close to the university and city amenities.
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