A highly prominent retail unit on the popular Sadler Gate has now been occupied by local brand 1NE. The property was acquired by Sadler Gate Ltd who have converted the upper floors of the former retail unit into flats, whilst retained the commercial space on the ground floor.
BB&J Commercial, a local commercial property firm with local experience advised the purchaser on both the sale and letting.
The new occupier 1NE, is a designer clothing outlet. Their purpose is to improve the method of reselling clothing and encouraging sustainable fashion. Their products vary from brand new hard to find items to rare vintage pieces.
Based in Derby’s historic Cathedral Quarter, this accommodation attracts many consumers searching for unique retailers, bars, restaurants, and cafes – the perfect location for a small business looking to gain exposure.
Oscar Heap, Agency Surveyor who advised on this deal said, “Sadler Gate is proving as popular as ever, and we are seeing a real resurgence and increase in consumer confidence. The purchasers did a great job with the conversion of the upper floor, creating a fresh-looking space for students or young professionals.
As a local developer their approach was refreshing, showing their strong desire to create space for local businesses to trade from on the ground floor, whilst utilising the upper floors for residential properties in a bid to help bring people back to the city centre.
Anchored by the Becketwell regeneration scheme, commercial to residential projects like this all help bring people back to the heart of the city. This was the 6th transaction we have dealt with on Sadler Gate in the last 12 months, with a sole unit remaining at 37 Sadler Gate.”
1NE added “Having the opportunity to occupy a unit on Sadler Gate, which is still the place to be in the city has presented 1NE with the opportunity to bring a new retail experience to the city, creating a home for rare sought-after items and a home for all creatives. Hopefully we’re in the process of building a new story for Sadler Gate linking with other independent businesses and bringing something exciting to Derby.” – Daniel, Alex, Connor, 1NE.
Carl Tranter, landlord of the Sadler Gate property said, “We believe Derby represents great value compared to its East Midlands counterparts and assets such as the ones on Sadler Gate can be restored and created from vacant and redundant space across the City. The future is bright for Boutique retail / service businesses with a point of difference, and this will breed success Sadler Gate and other areas of Derby”
There is one remaining property on Sadler Gate, if this interests you, please contact BB&J Commercial on 01332 292825 or commercial@bbandj.co.uk. Additionally, if you are looking for advice on marketing a City Centre property please get in touch.
