BB&J Commercial is pleased to bring to market a rare investment opportunity located on Derby’s popular Market Place in the heart of the Historic Cathedral Quarter.
The freehold of 35, 36 & 37 Market Place is now available for purchase, offering a multi-let income-producing asset with approved planning consent for further residential development.
The property currently generates a combined income of circa £41,000 per annum with a gross yield of 7.52%, making it an attractive proposition for investors seeking solid returns in a high-footfall location.
The buildings comprises three established commercial tenants:
- 35 & 37 Market Place: Let to Hellenic Taste Limited at £23,000 per annum
- 36 Market Place: Let to Feng Chen at £9,750 per annum
- First Floor Offices: Let to a longstanding tenant at £8,200 per annum
Planning permission has been granted for the conversion of the upper floors into a seven-bedroom House in Multiple Occupation (HMO), opening the door for further rental income.
Situated adjacent to the newly renovated Derby’s historic Market Hall and Guildhall Theatre and within walking distance to key destinations such as the Derbion shopping centre, the Riverlights bus station and popular food and leisure venues, this is a prime city centre location that consistently attracts footfall.
To arrange a viewing or access further information, contact Cameron Godfrey or Mark Richardson at BB&J Commercial.
Alternatively, find out more here.
