Property Details

<p><strong>Background</strong></p>

<p>24 & 24A Irongate, a Listed Grade 2 building situated opposite the beautiful Derby Cathedral was occupied until recently in its entirety by a national firm of estate agents and surveyors.&nbsp</p>

<p>On becoming vacant in 2021 a planning application and Listed Building application was obtained to enable FLG Solicitors to move into a renovated and modernised ground floor office suite, leaving the upper floors, with a separate entrance to the front, vacant.</p>

<p>Those upper floors now have the benefit of a planning approval and a Listed Building consent for conversion to four residential apartments.</p>

<p>The whole building – 24 & 24A Irongate is now for sale freehold</p>

<p>Subject to ground floor let to a firm of solicitors</p>

<p>Upper floors vacant – namely</p>

<p>First, Second and Third Floors vacant with the benefit of a current planning approval and Listed building consent for conversion from office use to Four Apartments</p>

<p><strong>Location</strong></p>

<p>Situated in a Conservation area and set in the shadow of Derby Cathedral‘s famous tower, in the heart of the Cathedral Quarter, a major regeneration area.&nbsp Following on from the successful restoration of so many Georgian offices in St. Mary‘s Gate back into gracious living accommodation, the attention is now focused on adjoining Irongate to meet the demand for quality residential apartments.</p>

<p><strong>Tenure</strong></p>

<p>Freehold</p>

<p><strong>Important Rights of Way</strong></p>

<p>No.24 Irongate enjoys legal rights of way both over and between the adjoining properties Nos. 23 and 22 Irongate.&nbsp Full details on request.</p>

<p><strong>Listed Building Status and Description</strong></p>

<p>24 Irongate is a Grade 2 Listed Building.&nbsp Late C18 with C19 and late C20 alterations.&nbsp Built as premises for the business founded by John Whitehurst, Derby‘s famous clockmaker. Later occupied by Photographer, Richard Keene.</p>

<p><strong>Accommodation</strong></p>

<p>Measured on a Gross Internal Area (GIA) basis</p>

<p>Ground Floor&nbsp&nbsp1,653 sq ft</p>

<p>First Floor&nbsp &nbsp &nbsp &nbsp 1,400 sq ft&nbsp &nbsp &nbsp</p>

<p>Second Floor&nbsp &nbsp &nbsp900 sq ft</p>

<p>Third Floor&nbsp &nbsp &nbsp &nbsp &nbsp400 sq ft</p>

<p>TOTAL&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp4,353 SQ FT</p>

<p><strong>Car Park to Rear</strong></p>

<p>Four spaces – two allocated to solicitors on the ground floor – two vacant.</p>

<p><strong>Terms of Lease of the Ground Floor</strong></p>

<p>The ground floor is let to the Family Law Group by way of a 9 year term from 15th December 2021 with the tenant having break options.&nbsp</p>

<p>Current rent passing is £25,000 pa, rising to £27,500 pa on an internal repairing basis – includes two car parking spaces to rear.</p>

<p><strong>Town & Country Planning</strong></p>

<p>Paul Stanton of Guy Taylor Associates has obtained the necessary approvals for the conversion of vacant office accommodation over three upper floors into four apartments.</p>

<p>The four proposed apartments have the following floor areas-</p>

<p>&nbspApartment One&nbsp &nbsp &nbsp527 sq ft</p>

<p>&nbspApartment Two&nbsp &nbsp &nbsp 452 sq ft</p>

<p>&nbspApartment Three&nbsp &nbsp779 sq ft</p>

<p>&nbspApartment Four&nbsp&nbsp1,200 sq ft</p>

<p><strong>Derby City Council Planning Approvals</strong></p>

<p>Listed Building Application No 22/01176/LBA – conversion of upper floors to four apartments (including alterations at ground floor, staircase and entrances) – 19/10/2023.</p>

<p>Planning Approval Application No 21/00597/FUL – change of use to office space at ground floor level and four apartments – 19/10/2023</p>

<p><strong>Further Negotiations</strong></p>

<p>Further negotiations are required to facilitate the proposed scheme.</p>

<p><strong>Development Potential</strong></p>

<p>Brilliant Views of the Cathedral.</p>

<p>The residents of 24 Irongate will enjoy from all three upper floor front windows these magnificent views.</p>

<p>Brilliant Location</p>

<p>Nearby attractions for those living at 24 Irongate include the Cathedral Green running down to the banks of the River Derwent and the recently opened and much acclaimed Museum of Making.</p>

<p>Brilliant nearby apartment schemes</p>

<p>Capla Developments of Newark.</p>

<p>An exclusive development of 8 apartments and houses converted out of Simpson‘s House ,St Mary‘s Gate all sold and demand exceeded supply .</p>

<p>City and Country Properties of Nottingham have almost completed 77 luxury apartments to rent converted out of Middleton House ,St Mary‘s Gate.</p>

<p>Grainger UK Ltd have completed a new scheme of 259 apartments, Condor House on Victoria St and within months of release most of the apartments have been let on a furnished basis.</p>

<p>The scheme has concierge services and a roof top garden.</p>