BB&J Commercial are delighted to have completed the sale of a retail unit at 43 Sadler Gate, Derby. The investment was sold to a local developer with the confidence to put their money into a city centre heritage building that represents a great investment opportunity for the future.
Purchaser Ryan Slater, of the Sadler Gate Company has long wanted to buy a prominent building within Derby’s independent retail sector in the Cathedral Quarter.
Ryan said: “Along with my business partner Mitchell Shore we have been wanting to invest in the city. We have a strong belief that the independent retail sector will bounce back, and Sadler Gate has long been the heart of that essential part of Derby’s city centre experience. We plan to use the building as a mix of both residential use and a business offering, so it will have the added bonus of bringing employment opportunities.”
The property premises is situated on the award-winning Sadler Gate, positioned among high end fashion and boutique retail outlets including Dr. Martens and Joules, in addition to a multitude of local retailers, bars, restaurants and cafes.
BB&J Commercial partner Mark Richardson who agreed the deal added: “It’s been a pleasure to deal with Ryan and Mitch and exciting to see their plans for one of the most prominent buildings on Sadler Gate. Their purchase comes at what I think is a pivotal time for the city. Whilst it has undoubtedly been a difficult period particularly for larger retailers, the independent sector often finds a way to reinvent itself. Against a background of increased city centre living in Castleward and the Nightingale Quarter, and the nearby redevelopment of Becketwell in addition to the Market Hall, Sadler Gate is perfectly placed to capitalise on the increased footfall that will follow from this city centre resurgence.”
Do you have a commercial property you would like to market? Here at BB&J Commercial we have a dedicated team of property professionals who can assist with the marketing and disposal of your property, in a quick and professional manner.
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Tel: 01332 292825