BB&J Commercial has brought to market a prominent four-storey office building at 32 Friar Gate, Derby, offering investors a rare opportunity to acquire a landmark city centre asset with long-term income and redevelopment potential.
Situated within Derby’s historic Friar Gate Conservation Area, the Grade II listed Georgian property occupies a highly visible position adjacent to Friar Gate Bridge and directly opposite the entrance to the Friar Gate Goods Yard redevelopment. The location benefits from close proximity to Derby City Centre, strong transport links and a well-established connection to the University of Derby, with the Law School and Business School campuses nearby.
The property extends to approximately 4,333 sq ft (403 sq m NIA) over four storeys and is currently arranged as a serviced office building, providing sixteen individual office suites alongside shared meeting space, kitchen and WC facilities, storage areas and a basement. A two-storey rear extension provides additional accommodation, complementing the building’s traditional Georgian frontage.
Offered freehold subject to the existing tenancy, the property is let to DE01 EXE LTD on a 10-year FRI lease from September 2016 at a passing rent of £20,000 per annum, providing an immediate income stream for investors.
In addition to its current use, the property presents potential for alternative uses or residential conversion, subject to the necessary consents. Its listed status, prominent setting and proximity to major regeneration activity make it particularly attractive to investors seeking value-add opportunities within Derby’s evolving city centre.
The property is being marketed at £465,000, reflecting both its income-producing characteristics and longer-term redevelopment potential.
BB&J Commercial continues to see strong demand for well-located city centre investments, particularly those offering flexibility and future growth opportunities.
For further information or to discuss the opportunity, please contact Cameron Godfrey or Tom O’Halloran at BB&J Commercial. Alternatively, you can find out more here.
Call: 01332 292825
Email: commercial@bbandj.co.uk
