Prominent Retail Premises with Potential for Conversion Up for Grabs

A prominent retail premises with a corner position on Ashbourne Road, Derby is now available to purchase.

The former framers and gallery occupies a two-storey retail premises, with excellent positioning on the busy A52, which is a quarter mile from Derby city centre. The property has excellent connections to the University of Derby’s expanding City Centre Campus and Kedleston Road Campus.

Nearby occupiers include the Co-Op, McDonald’s, and Majestic Wines.

The ground floor has been utilised as a three room Art Gallery/Picture Framing Business whilst at first floor there are three further rooms plus a very large landing area with kitchen and WC off.

With a net internal area circa of 1,465 sq. ft. and excellent positioning close to several university campuses, there is clear potential for conversion into residential accommodation as a HMO (with the appropriate consents).

This area is particularly popular for HMO lettings, due to the proximity of Derby University and professional employers such as Derby Royal Hospital and Rolls Royce.

The whole property is generally in good repair and whilst it would be suitable for continued retail usage due to many surrounding similar units, a HMO is a another viable option due to the locations popularity for student lettings.

This property is available to purchase on a freehold basis with vacant possession. The vendor is looking for offers in excess of £150,000.

If you would like to view the property, please contact our friendly team on 01332 292825.


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