Summary - 59-61 St. Peters Street, Derby, Derbyshire, DE1 2AB DE1 2AB
1 bed 1 bath Retail Property (high street)
Substantial five‑floor building with redevelopment potential near major retailers.
Prominent frontage on Derby's main shopping street adjacent to Derbion Centre
A rare, large-scale city-centre retail opportunity on Derby’s primary shopping street, immediately adjoining the Derbion Centre. The building extends over five floors with a prominent street-facing frontage and a stated gross area of approximately 4,919 sq.m (52,965 sq.ft), creating scope for multi-floor retail, leisure or mixed-use reconfiguration. Vacant at sale, the property suits owner-occupiers or investors seeking immediate asset-management or redevelopment potential in a high-footfall location.
Material considerations are clear and should be factored into purchase plans: the lot is sold at auction (30 October 2025) with VAT applicable, a nominal ground rent and a 999-year virtual freehold. There is an electricity substation within the legal boundary and a contribution liability toward shared Crown Walk facilities — specific details are in the legal pack and will affect refurbishment or redevelopment timelines and costs.
The surrounding retail mix supports strong daytime footfall (national cafés, bookstores, convenience retail and leisure operators nearby). However, the local area is classified as very deprived with a very high recorded crime rate; these socio-economic factors may influence tenanting strategy, insurance and security costs. An EPC will be available in the legal pack; purchasers should review it and factor in potential investment required to bring services, access and compliance to modern retail standards.
Practical sale terms include a six-week completion period option and auction sale mechanics. For investors targeting repositioning or comprehensive refurbishment, the building’s size and central position deliver notable upside — provided the buyer allows for planning, service constraints and the items flagged in the legal pack.
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