The sale of Middleton House, the first of three Council-owned properties in the city centre, marks start of Labour-led Council’s Masterplan.
Martin Rawson, Labour Councillor and Deputy Leader of the City Council commented:
By putting Middleton House up for sale we are bringing dormant and under-used properties into the market to meet commercial, social and residential requirements. I’m hoping that private landowners will follow our lead and together we’ll achieve another element in the city centre regeneration programme.
The 1.43-acre site, located in Derby’s Central Business District and the Cathedral Quarter comprises a three storey Grade II listed building dating from 1912 and Middleton House, an early 20th century building enclosing an internal courtyard. The site is suitable for a variety of uses through conversion and part development which may include residential, educational, hotel or office use.
The Council’s regeneration programme within the City Centre Masterplan calls for the sale of dormant and under-used sections of the city to be developed in partnership with the business community.
Commenting on the sale, of Middleton House to kick-off the masterplan. Eleanor Deeley from Cushman and Wakefield, the Council’s property advisor, said:
This is a very exciting development in the historic heart of the city and an opportunity to add to the vitality of the strengthening city centre.