Freehold Retail Investment with Development Potential
Estate Agent/office with substantial further vacant accommodation
Change of use potential of upper floors to residential or student/serviced accommodation (subject to consents)
Immediate asset management opportunities
Estate Agent t/a Haart (holding over)
Approx.675.90 sq m (7,274 sq ft)
Prominent position on corner of Cornmarket and Albert Street in Derby city centre
Nearby occupiers include Primark, Superdrug, Caffe Nero, Tesco, Loungers, and HSBC.
Lot 26
Auction 18th September 2025
Rent £48,000 per Annum Exclusive Plus Vacant Shop (3,679 sq ft)
Status Available
Guide* £550,000
Sector High Street Retail, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles east of Nottingham, 27 miles north-west of Leicester
Roads
A6, A38, A50, A52, A61, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands Airport
Situation
Derby is a well established commercial retail and commercial centre with a population of over 260,000 and a student population of over 20,000. The property occupies a prominent position on the east side of Cornmarket with a return frontage onto Albert Street in the heart of Derby city centre. Nearby occupiers include Primark, Superdrug, Caffe Nero, Tesco, Loungers, and HSBC.
Tenure
Freehold.
Location
Miles
15 miles east of Nottingham, 27 miles north-west of Leicester
Roads
A6, A38, A50, A52, A61, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands Airport
Situation
Derby is a well established commercial retail and commercial centre with a population of over 260,000 and a student population of over 20,000. The property occupies a prominent position on the east side of Cornmarket with a return frontage onto Albert Street in the heart of Derby city centre. Nearby occupiers include Primark, Superdrug, Caffe Nero, Tesco, Loungers, and HSBC.
Tenure
Freehold.
Description
The property comprises two ground floor shops together with office and ancillary accommodation on the basement and upper two floors.
The upper floors may be suitable for a variety of alternative uses including residential and student/serviced accommodation. Illustrative plans have been drawn up to create two ground floor shops and six flats on the upper two floors. The plans are available to view within the legal pack.
VAT
VAT is applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all necessary consents. All enquires should be made with Derby City Council (www.derby.gov.uk)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor shops together with office and ancillary accommodation on the basement and upper two floors.
The upper floors may be suitable for a variety of alternative uses including residential and student/serviced accommodation. Illustrative plans have been drawn up to create two ground floor shops and six flats on the upper two floors. The plans are available to view within the legal pack.
VAT
VAT is applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all necessary consents. All enquires should be made with Derby City Council (www.derby.gov.uk)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
N.B. The floor areas stated above for 25 Cornmarket are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
