A retail unit with prominent positioning in Derby city centre has been snapped up by local barbers, Everyman Barbers.
The property, 21 Sadler Gate, provides excellent positioning on the infamous street alongside various unique brands.
BB&J Commercial advised on the acquisition and letting of this property working alongside Sadler Gate Ltd.
The occupier, Everyman Barbers is not like any barber shop – the brand has traditional and modern twists, suitable for any man looking to feel good and look good.
Oscar Heap, Agency Surveyor and responsible for organising this deal said, “Following the successful purchase of the neighbouring property, this served as a great opportunity for the purchasers to add another prominent property to their portfolio.”
“The deal was slightly different as it was an investment sale with a tenant in occupation. With the help of Graham, we were able to advise on not only the purchase, but the restructuring of the current lease. This gave security to the tenants over a longer period, whilst also giving the purchasers the opportunity to develop the upper floors”
Joe Thomas and Kyle Barratt from Everyman Barbers (pictured in the centre and right) said, “as we start to take on this new journey of taking over the brand of Everyman Derby, we hope to keep the vision and respect of the brand by pushing it over the next 5/10 years to another level.”
“We believe we’re coming to the end of ever going back in to lockdown, which has affected so many businesses and our industry. But Kyle and I believe Everyman has a strong name and brand in the industry and in Derby, as we see the end of restrictions, we can help bring life back to Sadler Gate. As you see shop like 80s Casual Classics and 1NE have brought to the area we believe we can too.”
Carl Tranter, landlord of the property added “Following the purchase of the neighbouring property, when my assistant Ian brought this to my attention it was clear this was a great opportunity not only from an investment perspective, but also to protect our existing asset.”
“As local developer, it is important to us to see Derby flourish, and a big part of this comes through bringing people back in to the city centre and providing opportunities for local businesses. We are currently in the process of converting the upper floors for residential use, and are thrilled to have Everyman Barbers extend their lease on the ground floor commercial space.”
There is one remaining property available on Sadler Gate, if you are interested in occupying this property, please contact BB&J Commercial on 01332 292825 or commercial@bbandj.co.uk.
