24

Iron Gate Derby Derbyshire DE1 3GP

Investment Property For Sale: £400,000
Total Floor Area: 4,353 sq.ft
Net Investment Income: £25,000 per annum




Last updated: 23 Jun 2025 Ref: 24ITDR

Property Description

Background 24 & 24A Irongate, a Listed Grade 2 building situated opposite the beautiful Derby Cathedral was occupied until recently in its entirety by a national firm of estate agents and surveyors. On becoming vacant in 2021 a planning application and Listed Building application was obtained to enable FLG Solicitors to move into a renovated and modernised ground floor office suite, leaving the upper floors, with a separate entrance to the front, vacant. Those upper floors now have the benefit of a planning approval and a Listed Building consent for conversion to four residential apartments. The whole building – 24 & 24A Irongate is now for sale freehold - Subject to ground floor let to a firm of solicitors Upper floors vacant – namely: First, Second and Third Floors vacant with the benefit of a current planning approval and Listed building consent for conversion from office use to Four Apartments Tenure Freehold Accommodation Measured on a Gross Internal Area (GIA) basis: Ground Floor: 1,653 sq ft First Floor: 1,400 sq ft Second Floor: 900 sq ft Third Floor: 400 sq ft TOTAL 4,353 SQ FT Car Park to Rear Four spaces – two allocated to solicitors on the ground floor – two vacant. Derby City Council Planning Approvals Listed Building Application No: 22/01176/LBA – conversion of upper floors to four apartments (including alterations at ground floor, staircase and entrances) – 19/10/2023. Planning Approval A


Specification and floor areas

  • 4 parking spaces.
  • Net Internal Floor Area
Floorsq.ftsq.m
Ground Floor1,653 sq.ft154 sq.m
First Floor1,400 sq.ft130 sq.m
Second Floor900 sq.ft84 sq.m
Third Floor400 sq.ft37 sq.m
Total 4,353 sq.ft 404 sq.m


Agent's Disclaimer

Messrs. Raybould & Sons, for themselves and for the Vendors of this property whose Agents they are, give notice that: 1. These particulars do not constitute any part of, an offer or a Contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Raybould & Sons, or the Vendor. 3. None of the statements contained in these particulars are to be relied on as statements or representations of fact. 3. Any intending Purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither Messrs. Raybould & Sons, nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. 6. Dimension, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 7. Information on tenure or vacancies is provided in good faith and prospective purchasers should have the information verified by their solicitors prior to purchase. 8. Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate authorities. Messrs. Raybould & Sons do not warrant that there are no connection charges inherent in the availability of services to the unit.

Quoting terms

Offers are sought in excess of £400,000 subject to contract and exclusive of VAT.


Tenant, covenant, lease and rental information:

Tenant Schedule

Floor Rent Rent
psf
Tenant Lease Dates
Ground£25,000£15.12The family Law GroupStart:
End: 14.12.30
Break:

Rent role or potential rent role if some floors shown as vacant:
£25,000 per annum exclusive


Covenant Information:

The family Law Group

Well established family law practice.Incorporated August 2025.


Agent's Disclaimer

Messrs. Raybould & Sons, for themselves and for the Vendors of this property whose Agents they are, give notice that: 1. These particulars do not constitute any part of, an offer or a Contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Raybould & Sons, or the Vendor. 3. None of the statements contained in these particulars are to be relied on as statements or representations of fact. 3. Any intending Purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither Messrs. Raybould & Sons, nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. 6. Dimension, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 7. Information on tenure or vacancies is provided in good faith and prospective purchasers should have the information verified by their solicitors prior to purchase. 8. Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate authorities. Messrs. Raybould & Sons do not warrant that there are no connection charges inherent in the availability of services to the unit.


There are no plans available to view for this property. Contact the agent for further information.

Property Location

Situated in a Conservation area and set in the shadow of Derby Cathedral’s famous tower, in the heart of the Cathedral Quarter, a major regeneration area. Following on from the successful restoration of so many Georgian offices in St. Mary’s Gate back into gracious living accommodation, the attention is now focused on adjoining Irongate to meet the demand for quality residential apartments.

Map



RaybouldAndSons
Agents Contact Details

Name: Martin Langsdale
Company: Raybould & Sons
Address: Stephensons House Wyvern Business Park Derby Derbyshire DE21 6LY
Email:
Direct Dial: (01332) 295555
Mobile: 07855 550538






Download pdf brochure Brochure for: 24 Iron Gate  Derby  Derbyshire DE1 3GP: Investment Property For Sale: £400,000 | Total Floor Area: 4,353 sq.ft | Net Investment Income: £25,000 per annum