Property for sale

TO BE SOLD BY ONLINE AUCTION ON 4TH – 5TH MARCH 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS

9 Babington Lane, Derby, DE1 1TA

A substantial freehold commercial building located in the Cathedral Quarter of Derby City Centre. Extending to approximately 16,264 sq. ft. (1,511 sqm), this is a large-scale city centre property offering clear scope for refurbishment and reconfiguration. The property sits in a central position with strong pedestrian footfall and is within walking distance of Intu Derby, with convenient access to the A38 and M1.

Originally a Grand Theatre and Dance Hall and most recently operated as a crazy golf bar and restaurant, the building is arranged over sub-basement, basement, ground, first and second floors. The accommodation includes bar and lounge areas, dining space, commercial kitchen, cellar, WC facilities, staff rooms and additional upper floor areas.

Currently vacant.

Approximate Floor Areas:

Sub-basement: 150 sqm / 1,614 sq. ft.

Basement: 145 sqm / 1,565 sq. ft.

Ground: 761 sqm / 8,186 sq. ft.

First: 436 sqm / 4,696 sq. ft.

Second: 19 sqm / 203 sq. ft.

Total: 1,511 sqm / 16,264 sq. ft.

The property is registered under Use Class E (Commercial, Business and Service), allowing flexibility for a range of uses including serviced offices, co-working space, café operators, gym/fitness or leisure, subject to the necessary consents. The size and layout allow for subdivision into multiple units, creating the potential for diversified rental income and a long-term commercial presence within the city centre.

Based on indicative city centre rental tones, a fully let multi-tenant scheme could generate in the region of £150,000 – £190,000 per annum, depending on configuration and specification.

Tenure: Freehold.

Business Rates: The property is currently assessed with a Rateable Value of £91,000 (Valuation Office Agency). Subject to subdivision or reconfiguration, the property may be reassessed for rating purposes. Interested parties should make their own enquiries regarding rates payable.