LAS IGUANAS COME TO FRIAR GATE

Investment News

FHP have, acting on behalf of Private Investor Clients, purchased the freehold of 21-23 Friar Gate and successfully let the property to Las Iguanas who have recently opened their doors for trading. 

The pub which previously traded as the Varsity and then the Almanac has been brought back into life and is adding to the vitality of the Friar Gate location which continues to strengthen as a leisure destination.

FHP introduced the opportunity, negotiated the acquisition and concluded the letting to Las Iguanas. 

Ben Tebbutt of FHP confirmed:- 

“We have continued to monitor properties on Friar Gate as we know that Derby is on the radar of major leisure operators. We are currently targeting other locations and properties within the area and hope to be able to confirm further high quality names adding to the leisure/restaurant offer in this part of the Derby City Centre.

It is understood that the upper floors are likely to be developed for residential purposes in line with Derby City Council’s policy of encouraging inner city living within Central Derby”.