The first of three Council-owned city-centre properties, with regeneration potential, is being sold.
The pending sale of Middleton House, which once housed some Council offices, was announced by deputy Chief Executive Christine Durrant at the June 2016 Derby Property Summit.
Christine told participants then that the Council was seeking to use these assets to help promote city centre regeneration and was looking for proposals that will have a significant impact on our city centre.
Located in Central Business District and the City’s Cathedral Quarter, the site is suitable for a variety of uses through conversion and part development, including residential, educational, hotel and offices.
No asking price has been revealed but Cushman and Wakefield –the Council’s property advisor – is inviting “unconditional and conditional offers”.
“The sales process will be by way of informal tender with the closing date for bids being 12 noon on 2nd March 2017,” it has announced.
Offering close to 61,000 square feet of space, this 1.43-acre site comprises #29 St Mary’s Gate (Grade II listed) – an attractive three storey building dating from 1912 which fronts St Mary’s Gate.
To the rear of and attached to this property sits #27 St Mary’s Gate, also known as Middleton House – a three storey early 20th century building enclosing an internal courtyard.
A single storey building previously used as the caretaker’s house sits to the west of the site.
There is a private car park to the west of Middleton House.
The regeneration programme of the City Centre Masterplan calls for the sale of dormant and under-used sections of the city to meet business, commercial, social and residential requirements in partnership with the business community.
The sale of Middleton House is intended to kick-off this aspect of the masterplan.
Martin Rawson, Deputy Leader of Derby City Council, said: “By putting Middleton House up for sale we are leading by example by bringing dormant and under-used properties into the market to meet business, commercial, social and residential requirements. I am hoping that private land owners will follow our lead which will achieve another element in the city centre regeneration programme.”
Eleanor Deeley from Cushman and Wakefield commented that “this is a very exciting development in the historic heart of the city and an opportunity to add to the vitality of the strengthening city centre.”