BB&J Commercial recently completed the sale of Lisbon House, a three-storey office property situated at 5-7 St. Mary’s Gate in Derby’s Cathedral Quarter. The transaction was finalized through a competitive best and final bids process. Positioned in the heart of Derby’s historic district, this property has garnered significant interest due to its potential for redevelopment, including opportunities for mixed-use or residential conversion, pending planning approvals.
Agency Surveyor Cameron Godfrey of BB&J Commercial stated, “This sale underscores the robust demand for residential conversion opportunities in Derby City Centre. The prime location and redevelopment possibilities of Lisbon House make it highly attractive to investors seeking to capitalize on Derby’s growth. We are pleased to have facilitated this transaction and anticipate the transformation under the new ownership.”
Lisbon House boasts 3,856 sq ft of space spread across three floors. The new owners, Miller Knight Ltd, represented by Matt Revill of Lester & Bingley, have ambitious plans for the property. Its central location and potential for residential conversion align with Derby’s ongoing urban regeneration initiatives, ensuring a promising future for this historic establishment.
