Prime Cathedral Quarter pitch for investor or owner-operator.
Freehold three-storey shop, total 1,861 sq ft
A rare freehold retail opportunity in the heart of Derby’s pedestrianised Sadler Gate, arranged over three floors with a total of 1,861 sq ft. The property offers substantial ground-floor sales space plus two upper floors suitable for storage, additional sales, or conversion (Class E). Its prime position in the Cathedral Quarter benefits from heavy footfall and a mix of independent and national occupiers.
Offered for sale by public auction with a guide price of £175,000+, this building is suited to investors or an owner-operator seeking a city-centre base with clear rental or trading potential. Broadband speeds are fast and mobile signal is excellent, supporting modern retail and service uses. Flood risk is low and the property is freehold, simplifying acquisition for entrepreneurial buyers.
Important considerations: the immediate area is classified as very deprived and has a very high crime rate, which may affect tenant demand, insurance costs and operating hours. The building will require refurbishment to modern retail standards; buyers should budget for repair and fit-out. The small plot size means no rear yard or on-site parking.
This is a value-led proposition for purchasers comfortable with an auction purchase, refurbishment works and active asset management. The mix of nearby amenities, strong pedestrian position and Class E planning create options for retail, leisure or service-led uses once updated.
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