At BB&J Commercial, we are thrilled to announce the successful sale of Lisbon House, a prominent three-storey office property located at 5-7 St. Mary’s Gate in Derby’s prestigious Cathedral Quarter.
This transaction underscores the continuing high demand for properties with residential conversion potential in Derby’s city centre, showcasing the growing interest from investors eager to capitalise on this historic area.
A Competitive Sale Reflecting Strong Market Interest
The sale of Lisbon House was marked by an intense best and final bids process, reflecting the competitive nature of the market for prime properties in central Derby. Located in the heart of Derby’s historic district, this property attracted significant attention due to its redevelopment potential, including options for mixed-use or residential conversion, subject to planning permissions.
Cameron Godfrey, Agency Surveyor at BB&J Commercial, commented on the sale:
“This sale reaffirms the strong demand for residential conversion opportunities within Derby City Centre. Lisbon House’s prime location and redevelopment potential make it a highly attractive prospect for investors looking to make the most of Derby’s growth. We are proud to have facilitated this transaction and look forward to seeing the transformation by the new owners.”
Property Details and Investment Potential
Lisbon House offers a substantial 3,856 sq ft of space across three floors, with its Victorian façade adding charm and character. Situated in Derby’s Cathedral Quarter, the property is ideally located for easy access to local amenities, shopping centres, and ongoing developments like the Becketwell Regeneration Scheme. This strategic position makes it a compelling investment for those interested in the vibrant Derby property market.
Harry Farmer, Head of Commercial Property at Bradley and Jefferies Commercial Solicitors, stated:
“We are absolutely thrilled with the dedication from Cameron to reaching a quick sale and helping push the conveyancing through. I wouldn’t hesitate for a second to wholeheartedly recommend Cameron to anyone looking to sell their property and I look forward to working with him again.”
A Bright Future for Derby’s City Centre
The new owners, Miller Knight Ltd, represented by Matt Revill of Lester & Bingley, have exciting plans for Lisbon House. The property’s central location and potential for residential conversion align perfectly with Derby’s ongoing urban regeneration efforts, promising a bright future for this historic building.
Join the Wave of Opportunity in Derby
The successful sale of Lisbon House highlights the strong demand for prime investment opportunities in Derby. As the city continues to develop and grow, properties like these offer unique possibilities for investors and developers alike.
If you’re looking to explore similar opportunities in Derby or have a property to sell, contact our expert team at BB&J Commercial. We specialise in connecting clients with lucrative real estate investments and are here to guide you through every step of the process.
Contact Us Today:
Cameron Godfrey
Agency Surveyor
BB&J Commercial
Phone: 01332 292825
Email: c.godfrey@bbandj.co.uk
Don’t miss out on the chance to be part of Derby’s exciting growth. Reach out to us now to discover more about the vibrant opportunities available in the city’s commercial property market.
Are you ready to seize the potential of Derby’s commercial property market? Contact us today to learn more about available opportunities and how we can assist you in achieving your investment goals.
