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Long-empty Derby site to be home to breakdown recovery firm

today15 September 2022 6

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A large Derby warehouse passed by thousands everyday has been saved from demolition after being sold to a Derbyshire motoring firm. The Derby Wholesale Market in Chequers Road has been sold in a multi-million pound deal to the Alfreton-based company, Richford Motoring Services, also known as Richford Motors.

The former market itself boasts 25,000sq/ft of space and sits on a three-acre plot, about the size of a couple of football pitches, which includes a number of other buildings. It was previously used after replacing its predecessor, which stood next to Derby Canal, off Nottingham Road, but was closed in 2015 after racking up large losses, including a loss of £94,000 in 2015, according to the agent.

Darran Severn, director at FHP Property Consultants, said: “This must be one of the most prominent sites in Derby and I am pleased to have completed the sale in what has been a great result for all parties involved. We received significant interest from day one from both owner occupiers and developers. There were over 40 credible enquiries which we were able to whittle down to nine serious offers, eventually going under offer to Richford Motors.”

READ MORE: Closed gym in Derbyshire town could become block of flats

The property was sold by joint agents, FHP Property Consultants and Commercial Property Partners, on behalf of Rotherhill Developments. It is not yet known when the new owners will move onto the site, nor was the exact price of the deal confirmed.

However, it will breathe new life into the previously empty site, which will be used to service a number of contracts in Derby. Edward Jeffrey, of Rotherhill Developments, said: “We are very pleased to have successfully completed a sale of the former Derby Wholesale Market site to Richford Motors having explored a range of development options.

“This is a well-configured site of scale with frontage to Derby’s principal access corridor, demonstrating excellent fundamentals. It was a pleasure to work with Richford Motors who were efficient and delivered. Our thanks go to joint agents FHP and CPP, together with our legal advisors, Howes Percival, for acting on our behalf.”

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