1/4
Investment

Investment For Sale Derby

PROPERTY ID: 129394

PROPERTY TYPE

Investment

STATUS

Available

SIZE

4,353 sq.ft

Key Features

• Substantial four storey property located in the award winning Cathedral Quarter
• Ground floor let and income producing
• Planning consent for apartment scheme to upper floors
• Rear car parking

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.

About the Agent

Raybould and Sons

See Agent's Other Properties

Investment /Development

POA

24 Irongate, Derby, DE1 3GP
Investment - Available
4,353 sq ft
404 sqm
Show phone number

Enquiry Form

Boxpod will only use your details to send an enquiry to the advertiser and prompt a response. By clicking the Send Enquiry button, you agree to Boxpod's Privacy Policy Please wait for a response. It may take several seconds.

Similar to this property

To Buy
POA

Derby, DE1 3GP

Investment

To Buy
£2500000 Freehold

Derby, DE1 1EX

Investment

To Buy
£1000000 Freehold

Derby, DE1 2HR

Investment

To Buy
£775000 Freehold

Derby, DE1 1FT

Investment

To Buy
£1500000 Freehold

Derby, DE1 1FR

Investment

To Buy
£250000 Freehold

Derby, DE22 3AA

Investment

To Buy
£550000 Freehold

Derby, DE21 4SZ

Investment

To Buy
£230000 Freehold

Derby, DE24 8UU

Investment

To Buy
£2000000 Freehold

Derby, DE22 4NB

Investment

To Buy
£355000 Freehold

Derby, DE24 8QN

Investment

To Buy
POA

Derby, DE21 7JP

Investment

To Buy
£400000 Freehold

Derby, DE24 9EG

Investment

To Buy
£550000 Freehold

Belper, DE56 4EH

Investment

To Buy
£600000 Freehold

Smalley, DE7 6EF

Investment

To Buy
£600000 Freehold

Ilkeston, DE7 6EF

Investment

To Let
£1100000 Freehold

Heanor, DE75 7QL

Investment

To Buy
£250000 Freehold

Heanor, DE75 7AQ

Investment

To Buy
£360000 Freehold

Ripley, DE5 3AG

Investment

To Buy
£440000 Freehold

Ripley, DE5 3AL

Investment

To Buy
£300000 Freehold

Ripley, DE5 3AL

Investment

To Buy
£225000 Freehold

Derby, DE74 2ED

Investment

To Buy
£165000 Freehold

Burton-on-Trent, DE14 1BN

Investment

To Buy
POA

Nottingham, NG15 0ED

Investment

To Buy
£1900000 Freehold

Nottingham, NG15 0HT

Investment

To Buy
POA

Nottingham, NG1 7AQ

Investment

To Buy
£335000 Freehold

Coalville, LE67 1UE

Investment

To Buy
£4500000 Freehold

Coalville, LE67 1PG

Investment

To Buy
£340000 Freehold

Leicester, LE67 9PN

Investment

To Buy
£2750000 Freehold

Syston, LE7 1GD

Investment

To Buy
£3750000 Freehold

Leicester, LE3 1TT

Investment

To Buy
£225000 Freehold

Leicester, LE3 5QG

Investment

To Buy
£850000 Freehold

Leicester, LE1 5GX

Investment

To Buy
£1400000 Freehold

Leicester, LE1 5RB

Investment

To Buy
£350000 Freehold

Leicester, LE5 3TB

Investment

To Buy
£750000 Freehold

Leicester, LE2 0QS

Investment

To Buy
£1275000 Freehold

Leicester, LE19 1SX

Investment

To Buy
£4750000 Freehold

Leicester, LE2 6DJ

Investment

To Buy
£200000 Freehold

Hinckley, LE10 1DD

Investment

To Buy
£210000 Freehold

Wigston, LE18 1AD

Investment

To Buy
£210000 Freehold

Wigston, LE18 1AD

Investment

To Buy
£1000000 Freehold

Buxton, SK17 7DJ

Investment

To Buy
£1100000 Freehold

Sheffield, S2 4UR

Investment

To Buy
£3300000 Freehold

Sheffield, S1 4QF

Investment

To Buy
£1850000 Freehold

Sheffield, S3 8NB

Investment

To Buy
£750000 Freehold

Sheffield, S3 8NR

Investment

To Buy
£365000 Freehold

Leicester, LE8 0HS

Investment

To Buy
£600000 Freehold

Lutterworth, LE17 4PN

Investment