Former restaurants lead commercial property lots at Derby auction

A property that used to be a smart Italian restaurant and another that was a spicy-food takeaway are appearing at the next SDL Auctions Graham Penny auction in Derby on 21 September.

The ex-Italianos restaurant at 26 King Street in Alfreton comes with an open plan bar and dining area, about 80 fitted covers, and with full kitchen and catering equipment.

The property also has a first floor with several vacant rooms that could be converted to residential use, subject to planning permission, and has a *guide price of £175,000+.

Meanwhile, the ex-Chillies takeaway restaurant at 17 Market Place in South Normanton, comes with a fully fitted kitchen, a walk-in freezer and a further storage room.

This property has a spacious one bedroomed flat on the floor above and has a guide price of £130,000+.

Robert Stone, senior valuer at SDL Auctions Graham Penny, said: “These are excellent investment opportunities either as restaurants or for conversion to other business uses, and with the option to rent out or convert as residential accommodation, subject to planning consents.”

There are 75 lots at the Derby auction, the largest in the city since June 2016, with plenty of other commercial properties, including:

  • A former Butchers Shop at 3 Church Street, a two-storey property with the potential to convert for residential usage subject to planning permission, with a guide price of £29,000+.
  • A barn at Ryeclose Farm in Duck Street, in the pleasant south Derbyshire village of Egginton, with ground floor space of circa 1,300 sq ft and the potential for conversion for residential use subject to planning permission. This has a guide price of £95,000+.
  • Storage pods FB030, SA002 & SA003, based at Store First House on Pride Park in Derby, one of which is already let out for £1,612 per annum, with a guide price of £10,000+.

Mr Stone added: “We expect interest to be high in these and many other fascinating lots, and we’d advise bidders to arrive early if they want to find a seat.”

The auction takes place from 11.30am on Thursday 21 September at Pride Park Stadium in Derby. The full auction catalogue can be found here, and further details can be viewed at www.sdlauctions.co.uk.