Property Details

Background

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. 

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.

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

The whole building – 24 & 24A Irongate is now for sale freehold

Subject to ground floor let to a firm of solicitors

Upper floors vacant – namely

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

Location

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.  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.

Tenure

Freehold

Important Rights of Way

No.24 Irongate enjoys legal rights of way both over and between the adjoining properties Nos. 23 and 22 Irongate.  Full details on request.

Listed Building Status and Description

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

Accommodation

Measured on a Gross Internal Area (GIA) basis

Ground Floor  1,653 sq ft

First Floor        1,400 sq ft     

Second Floor     900 sq ft

Third Floor         400 sq ft

TOTAL             4,353 SQ FT

Car Park to Rear

Four spaces – two allocated to solicitors on the ground floor – two vacant.

Terms of Lease of the Ground Floor

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. 

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

Town & Country Planning

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.

The four proposed apartments have the following floor areas-

 Apartment One     527 sq ft

 Apartment Two      452 sq ft

 Apartment Three   779 sq ft

 Apartment Four  1,200 sq ft

Derby City Council Planning Approvals

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.

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

Further Negotiations

Further negotiations are required to facilitate the proposed scheme.

Development Potential

Brilliant Views of the Cathedral.

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

Brilliant Location

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.

Brilliant nearby apartment schemes

Capla Developments of Newark.

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

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

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.

The scheme has concierge services and a roof top garden.