Iron Gate, Derby, Derby City

This landmark Grade II Listed Georgian property occupies one of the most prominent and prestigious positions in Derby city centre. Commanding a highly visible corner at the junction of Iron Gate, Sadler Gate and Market Place, the building sits at the very heart of the Cathedral Quarter, Derby’s established cultural, retail and leisure destination

The property extends to approximately 7,362 sq ft and comprises a striking period building of traditional brick construction, arranged over three principal floors.

Formerly occupied by Lloyds Bank, the building benefits from scale, character and architectural presence rarely available within the city centre. Internally, the ground floor provides expansive open-plan commercial space (2,519 sq ft) with multiple access points and retained historic features, including the original strongroom.

Full planning permission has been granted for the conversion of the upper floors to 11 residential apartments, comprising a well-balanced mix of studios and one-bedroom units. The consented scheme offers immediate development certainty while retaining flexibility at ground floor level, suitable for commercial, medical or alternative Class E uses (subject to consent).

Iron Gate and Sadler Gate are widely regarded as Derby’s principal food, drink and leisure circuit, surrounded by national operators, independent retailers and cultural attractions. With limited supply of high-quality city-centre conversions and strong demand for character-led accommodation, the property presents a compelling proposition for developers, investors or owner-occupiers seeking a standout asset in a prime city-centre location.