Derby city centre mixed-use scheme sold for £1.7m

Mark Richardson

A Derby city centre property has changed hands in a £1.7m deal brokered by BB&J Commercial.

The multi-let mixed-use scheme of over 30 flats together with a pay and display carpark on Stafford Street has been snapped up by a mystery investor.

BB&J partner Mark Richardson, who acted for the seller, said: “Whilst the commercial property market may seem low on stock, demand for good quality investments remains strong. This was a large property primarily used for housing provision and is a good example of more investors considering this sector as a viable investment on a larger scale.”

He added: “It fits in with the strong appetite for investment sales, which in 2021 exceeded an incredible £50bn nationally. It’s also worth noting that this type of investment within the city centre is yet another example of Derby being seen as a city of both sustainability and growth. Alongside investment and construction schemes such as the nearby Becketwell redevelopment, Nightingale Quarter and those in areas such as Agard Street it is one more piece of the property jigsaw being put together to ensure the vibrant future of Derby.”