Summary - 28, MARKET STREET DE75 7NR
1 bed 1 bath Shop
Rare redevelopment opportunity near major retailers and strong transport links.
Approx. 8,500 sqft across three floors, substantial floorplate
A substantial freehold commercial building occupying a prominent position on Market Street, Heanor. The three‑storey Victorian property extends to approximately 8,500 sqft (789 sqm) with a large ground‑floor retail footprint currently sub‑divided into two connected units and extensive ancillary space above. The building is offered with vacant possession and will be sold at auction (bought as seen).
The upper floors may be suitable for residential conversion subject to planning consent, offering redevelopment upside for an investor or developer. The property benefits from a strong trading position close to other shops and Tesco, good road links to the M1 via the A610, fast broadband and excellent mobile signal.
Material considerations: the building is older (pre‑1900), constructed in solid brick with no confirmed insulation and displays derelict/neglected features requiring renovation. Services include mains gas boiler and radiators but glazing and internal condition are not defined; buyers should expect significant repair and upgrade costs. The area records higher crime levels, which may affect tenant mix and rental values.
Sale terms: the property will be sold at auction on 27 November 2025 under an unconditional sale. A 10% deposit (minimum £5,000) plus a buyers’ fee of 1.2% (minimum £1,500 inc. VAT) applies; refer to the legal pack for any additional fees and special conditions. EPC rating D.
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