‘Prime’ development opportunity in Cathedral Quarter

A building which was previously used as offices in Derby city centre is up for sale.

Situated at the bottom of St Marys Gate, standing on a prominent corner within Derby’s Cathedral Quarter, BB&J Commercial is selling the two-story building.

The agents said the unusual semi-circular design provides several potential options for redevelopment plans, including redevelopment of the ground floor as a business space and conversion of the first floor into individual apartments/studios. There is also potential for further redevelopment of the attic areas.

Mark Richardson, partner at BB&J Commercial, said: “This is a fantastic opportunity to acquire a prime redevelopment opportunity in a very prominent building located in Derby’s busy Cathedral Quarter. The building was formerly used as offices though plans have been drawn up for a scheme to provide open plan business and meeting space to the ground floor self-contained unit, with separate access to residential apartments above.

“Other potential schemes are also possible subject to planning and an alternative that has been looked at is redevelopment of the whole site to include twelve residential units over ground floor business space. Certainly, the demand for residential use in the area is strong, driven not least by the expansion of the nearby University of Derby City Centre campus.

“We expect to get a good level of interest in the building as development opportunities such as this remain scarce.”