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32 Friar Gate 4,333 sq ft 100% Let Office Property Derby DE1 1DA £465,000 (£107.32/sq ft) 5.91% Net Initial Yield
Investment Highlights
- Located within close proximity to Derby City Centre and the University of Derby's Friar Gate campuses.
- Available to purchase freehold subject to the existing tenancy at £465,000.
- The property is available to purchase for £465,000.
- Extending 4,333 sq ft / 403 sq m (NIA) over four-storeys.
- Currently occupied by DE01 EXE LTD at a passing rent of £27,500 per annum exclusive.
Executive Summary
The subject property comprises a four-storey, Georgian-era office building constructed of traditional brick beneath a pitched slate roof.
Internally, it offers a serviced office environment with sixteen office suites spread across four floors, including a communal meeting room, WC/kitchen facilities, ancillary storage space, basement area and a two-storey rear extension providing additional accommodation.
The accommodation has been fitted to a good standard throughout, retaining period features including painted plastered walls and ceilings, a mix of carpet tiles and vinyl flooring, with traditional sash windows featured to the front, side and part of the rear, complemented by powder-coated aluminium framed windows to the extension.
The property is Grade II listed (ref: 1216460) and set within a designated conservation area (ref:2701)
The property is available to purchase freehold subject to the existing tenancy. The property is let to DE01 EXE LTD by way of a 10-year FRI lease commencing 28th August 2026 at a passing rent of £27,500 pax.
Internally, it offers a serviced office environment with sixteen office suites spread across four floors, including a communal meeting room, WC/kitchen facilities, ancillary storage space, basement area and a two-storey rear extension providing additional accommodation.
The accommodation has been fitted to a good standard throughout, retaining period features including painted plastered walls and ceilings, a mix of carpet tiles and vinyl flooring, with traditional sash windows featured to the front, side and part of the rear, complemented by powder-coated aluminium framed windows to the extension.
The property is Grade II listed (ref: 1216460) and set within a designated conservation area (ref:2701)
The property is available to purchase freehold subject to the existing tenancy. The property is let to DE01 EXE LTD by way of a 10-year FRI lease commencing 28th August 2026 at a passing rent of £27,500 pax.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
4,333 sq ft
Costar Property Class
C
Year Built
1897
Price
£465,000
Price per sq ft
£107.32
Yield
5.91%
NOI
£27,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,577 sq ft
Plot ratio
1.42
Total Plot Size
0.07 ac
Amenities
- 24 Hour Access
- Bus Route
- Controlled Access
- Security System
- Signage
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- De01 Exe
- -
- 4,333 sq ft
- -
- Aug 2026
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| De01 Exe | - | 4,333 sq ft | - | Aug 2026 |
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32 Friar Gate
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