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35, 36 & 37 Market Place, Derby... Property for sale
35, 36 & 37 Market Place, Derby, Derbyshire, DE1
£545,000
35, 36 & 37 Market Place, Derby, Derbyshire, DE1
£545,000
Our Summary
- The property has also been granted planning permission (2nd April 2025) to covert the second and third floors into a 7-bedroom HMO
- Planning has also been granted for the conversion of the second and third floors into a 7-bedroom House in Multiple Occupation (HMO)
- The planning application is referenced 23/00687/FUL on the Derby City Council Planning Portal with a comprehensive information pack available upon request from the Agent
- Planning consent granted for the upper floors to be converted into a 7-bed HMO (23/00687/FUL)
Description
The subject properties, a mid-terraced three and four-storey building, comprise Grade II listed buildings 35 and 36 Market Place, generating a combined income of circa £41,000 per annum. The properties are let to various tenants, including Hellenic Taste Limited and Feng Chen, with rent reviews and annual service charge reviews. The building has planning permission to convert the second and third floors into a 7-bedroom HMO. Located in Derby's vibrant Cathedral Quarter, the property benefits from a prime city centre location with strong footfall, adjacent to the Guildhall and historic Market Hall. The accommodation totals 6,029 sq ft, with all mains services available. The properties have rateable values ranging from £3,650 to £17,500, with no empty business rates payable.