BB&J Commercial has sold Lisbon House, a three-storey office property located at 5-7 St. Mary’s Gate in Derby’s Cathedral Quarter.
The sale of Lisbon House was marked by an intense best and final bids process. Located in the heart of Derby’s historic district, this property attracted significant attention due to its redevelopment potential, including options for mixed-use or residential conversion, subject to planning permissions.
Cameron Godfrey, Agency Surveyor at BB&J Commercial, said: “This sale reaffirms the strong demand for residential conversion opportunities within Derby City Centre. Lisbon House’s prime location and redevelopment potential make it a highly attractive prospect for investors looking to make the most of Derby’s growth.
“We are proud to have facilitated this transaction and look forward to seeing the transformation by the new owners.”
Lisbon House offers 3,856 sq ft of space across three floors.
The new owners, Miller Knight Ltd, represented by Matt Revill of Lester & Bingley, have exciting plans for Lisbon House. The property’s central location and potential for residential conversion align with Derby’s ongoing urban regeneration efforts, promising a bright future for this historic building.
