• Ground floor retail unit in Cathedral Quarter, close to Derby Market Hall and Vaillant Live Arena
• White boxed ready for fit out
• E class premises, suitable for retail, bar, café or restaurant
• Nearby operators include 80s Casual Classics, Vision Express, Bunk, Canopy, Anchor & Crew, Milk & Honey Deli, London Camera Exchange, Warhammer and more
• Subject to vacant possession
• Rent – £12,000 per annum

• Ground floor 497.49m² (5,355ft²)
• Roof terrace – 152.10m² (1,637ft²)
• Rent – £42,500 per annum
• Premium sought for fit out
• Late license to 1.30am Sunday through Thursday, 3am Friday through Saturday
• Use Class E
• Nearby occupiers include Bistro Pierre, The Friary, O’Dwyers Irish Bar, 16 Speak Easy and more

As trends in grocery shopping have shifted towards online and discount channels, perhaps counter intuitively, as a result of this we have seen an increase in consumer preference for convenience channels as well. Typically customers are supplementing their weekly shops with frequent, smaller ones and in doing so paying more in a convenience store for the same goods than they would in a supermarket with the key factor being…convenience!

Whereas traditionally retailers prefer the comfort of similar operators in the surrounding area, a good “C-store” generally dominates the location with minimal competition, a strong surrounding population, high traffic flow with ample customer parking to capitalise. The size of the store is of course limited to 3,014 square feet of sales area by Sunday trading laws with ideally around 1,000-1,500 square feet of storage.

Despite the current economic turbulence, the sector continues to perform well with the number of stores in the UK increasing from 5,015 to 8,556 in the decade leading up to 2024. The market is projected to be worth some £56.2 billion by 2030. Many of the big name national supermarkets have active requirements for new convenience stores.

This market growth has led to increased demand and competition from operators for new stores which in turn has seen rents in excess of £30 per foot in many cases for good quality new stores in prime locations. It remains a difficult task to prove that this rental growth filters through to older stores however we are seeing consistent growth in the sector so it does appear to be a case of a rising tide lifts all boats. Alongside this, convenience stores remain popular with investors which is leading to demand being outstripped by supply.

At FHP we are experts in the sector with experience advising on lettings, sales, acquisitions, renewals and rent reviews. In 2025 alone we transacted on convenience store deals with a combined rental value in excess of £650,000. For more information on how we can assist you, contact Tom Wragg (07970 168 138 / tom@fhp.co.uk).

• Ground floor sales – 815ft² / Basement – 517ft²
• Exciting F&B led location with high concentration of office occupiers
• Refurbished to white box specification
• Rent – £13,500 per annum exclusive
• E class premises
• Available immediately

• High footfall pedestrianised location near Derbion main entrance and Riverlights/bus station
• Suitable for retail / F&B
• Nearby occupiers include Phat Buns, Greggs, Ladbrokes, Nationwide and Poundstretcher
• Rent: £26,000 per annum
• Rateable value: £15,500

FHP Property Consultants are delighted to announce the promotion of Tom Wragg to the position of Director.

Tom Wragg commented:

“I’m extremely proud to be appointed to Director having started with FHP in 2014 as a Management Surveyor – it’s been an incredible journey.  I’m grateful for the opportunities I have had over that 12 year period and excited for what the future holds.”

Alan Pearson, Director of Retail & Leisure at FHP commented:

“Tom has transferred seamlessly across from Property Management into his Agency and L&T role heading up the Derby office Retail and Leisure team, increasing our city centre high street instructions and instructions across Derbyshire.  He’s been the flagbearer of Derbyshire Retail & Leisure and continues to support the development of the wider team in Derby and Nottingham.”

• Ground floor 4,775ft²
• Basement 3,434ft²
• Prime licensed restaurant/bar unit within established leisure pitch
• Rarely available unit in Nottingham’s historic Lace Market
• Use Class E
• Nearby occupiers include The Ivy, Piccolino, YO! Sushi, The Blind Rabbit, Das Kino, Ibis Hotel, Penny Lane, Pizza Punks and Red Dog Saloon

• Ground floor sales – 1,085ft² / Basement – 345ft²
• Exciting F&B led location with high concentration of office occupiers
• Refurbished to white box specification and laid in fully open plan configuration
• Rent – £25,000 per annum exclusive
• Available May 2026

• Ground floor sales – 1,859ft² / Basement – 1,787ft²
• Exciting F&B led location
• Ideal for café/restaurant with other uses considered, subject to planning
• The premises has been prepared to a high quality white box specification
• Rent in the region of £35,000 per annum exclusive
• E class premises
• Available immediately

Acting on behalf of longstanding clients, FHP is pleased to have completed a sale of The Royal Buildings within Derby City Centre to Cavendish & London Property Group Limited.  The property is a mixed use heritage building, occupying a prominent position at the junction between Cornmarket and Victoria Street and features a vibrant tenant mix anchored by national restaurant chain, The Cosy Club.

Tom Wragg, Director within FHP’s Retail & Leisure team comments:

“I am proud to have been involved in the sale of this historic building and excited to see Cavendish & London’s plans for the property which will unlock its full potential.

As the appetite within institutions and major funds for regional retail and leisure investments cools, we are seeing strong interest from regional investors who can really get to grips with properties and add value through proactive asset management and redevelopment. This particularly applies to places such as Derby where the city is seeing huge amounts inward investment from both private and public sectors.”

For more information on how we can assist in leasing and selling retail and leisure premises within Derby and Derbyshire, please contact Tom Wragg on 07970 168 138 or tom@fhp.co.uk.

• Town centre location with ample free parking nearby
• Adjacent to new library and redeveloped town square
• Ground floor sales 5,146ft² / Ground floor stores 793ft² / First floor sales 3,029ft² / First floor ancillary 281ft²
• E Class premises, suitable for retail and leisure (other uses considered subject to planning)
• Immediately available
• Available as a whole, however the landlord may split
• Rent – £45,000 per annum exclusive

Peak Village are excited to welcome Hettie & Sid who opened their doors in October. Hettie and Sid are a Derbyshire based, family run business established in 2004 manufacturing and selling a unique range of high quality children’s toys, clothing and accessories.

Joanne Barker, owner and creative force behind Hettie & Sid comments:

“At Hettie & Sid, everything we do is inspired by the joy and imagination of childhood.  We love helping families find something truly special, whether it’s one of our popular story time cushions to celebrate a new arrival, or a keepsake for a birthday, or something that simply makes a little one smile or evokes a childhood memory for an adult!  We are delighted to be joining the Peak Village community and have received a warm welcome from visitors and local families. The range of shops including independent businesses and makers really makes it a good fit for us and we love the community feel that it’s unique setting provides.  We are very excited about our future in the heart of the Peak District.”

Katayune Jacquin, Head of Commercial Operations at Peak Village, added:

“Hettie and Sid are the perfect addition to the village’s unique blend of national brands and independent retailers. We know our customers value the opportunity to support local businesses and will be delighted to welcome this addition to our community.”

For more information on leasing opportunities at Peak Village, please contact Tom Wragg on 07970 168 138 / tom@fhp.co.uk or Alan Pearson on 07876 396 005 / alan@fhp.co.uk.

• First floor premises in Cathedral Quarter, close to Derby Market Hall and Vaillant Live Arena
• Late premises licence
• E Class premises, suitable for retail, bar or restaurant and other uses subject to planning
• Nearby operators include 80s Casual Classics, Vision Express, Bunk, Canopy, Anchor & Crew, Milk & Honey Deli, London Camera Exchange, Warhammer and more
• Rent – £12,500 per annum

• Passing rent of £17,284 per annum / £751 per space
• Fully let to Local Authority with 8 years remaining
• Town centre location near bus station
• 23 parking spaces
• Close to Council offices and Institute Lane retail scheme with nearby occupiers such as Home Bargains, Barnardo’s, Peacocks

While big ticket lettings, acquisitions and sales naturally get top billing, FHP’s lease advisory team have also been busy within Nottingham’s retail and leisure sector.  A number of major operators have recommitted to the city centre demonstrating Nottingham’s strength as a retail and leisure destination.

Highlights of 2025 so far include:

• Acting for the landlord in a lease renewal of 1 & 1a Friar Lane to Costa Coffee
• Lease renewals of 4 Clumber Street to Greggs and of 6 Clumber Street to Size
• Lease renewals to The Works and Lovisa in the Victoria Shopping Centre
• Acting for the landlord in a lease renewal to Fred Perry of 48-50 Bridlesmith Gate
• Acting for the landlord in a lease renewal to Rymans of 16 Exchange Walk

FHP act for both landlord and tenant as the situation arises and having been active in Nottingham for over 30 years, our knowledge of the market is second to none.

For more information on how we can advise you on commercial lease renewals and rent reviews, please contact Tom Wragg (tom@fhp.co.uk / 07970 168 138).

• Ground floor retail unit located within Ashbourne’s prime pitch
• Stunning Grade II Listed building
• E Class premises, would suit café/restaurant/ retail with other uses subject to planning permission
• Nearby occupiers include BEAR, Costa Coffee, Poms Kitchen, Beaumonts Café, Henmores, Ryman, Card Factory and many more
• Rent – £25,000 per annum

FHP Property Consultants are delighted to bring to the market 14-16 St Peter’s Street, Derby.  The property was formerly occupied by Poundbakery and is located in a high footfall location, benefitting from adjacency to the Derbion Shopping Centre, The Vaillant Live Arena and the refurbished Market Hall.

Tom Wragg of FHP Property Consultants comments:-

“We are seeing strong demand for good quality high street locations such as this from the national F&B sector, as the high street continues its pivot from retail towards good quality fast food. This progression is demonstrated by recent lettings to the likes of Kokoro and Good Thai adding to existing operators in the location such as Loungers, Chopstix, Chicking, McDonalds, Subway and more.”

For more information please contact Tom Wragg on tom@fhp.co.uk / 07970 168 138 or Corbin Archer on corbin.archer@fhp.co.uk / 07929 716 330.

• Ground floor retail unit
• High footfall Derby City Centre location
• Near the Derbion Shopping Centre
• Ideal for F&B or retail
• Nearby occupiers include Lloyds Bank, Kokoro, McDonalds, Chopstix, Subway, Loungers and Forbidden Planet
• Rent – £27,500 per annum exclusive
• E Class premises
• Three phase electric supply

It came as a surprise to many when, on 10^th July as part of the English Devolution and Community Empowerment Bill, the government announced plans to ban upwards only rent reviews in commercial leases with no apparent consultation within the industry.

Retail and leisure groups have long lobbied for this to protect businesses from being stuck paying above market rents for long periods which was particularly relevant when 25 year unbroken leases were common. Previous versions of the RICS Code for Leasing Business Premises encouraged upward/downward rent reviews but it never took hold.

It’s easy to see how this will be popular in many quarters and commercial landlords will likely garner little sympathy from the public. In theory this solution will prevent hard pressed businesses from closing due to unsustainable rents.

But as is often the case, transferring theory to the real world can be a messy business with unintended consequences. It can convincingly be argued that the interests of landlords actually align with the interest of the public to some degree as the unpredictability that ensues rent fluctuations will disincentivise investment in commercial property, negatively impact valuations and the ability to borrow against real estate. This would lead to development projects becoming less financially viable which would mean, unsurprisingly, less development and re-development.

It also remains to be seen how the occupational market will react in practice. Many commercial leases are 5 years or less now so do not generally contain a rent review however there are sectors where operators making significant investment into fit out require longer lease lengths, for example.

In a market favouring tenants you might expect upward / downward rent review clauses being drafted in but when market forces shift towards landlords it’s hard to see it simply being accepted and I would expect to see the industry working around it with higher initial rents or fixed rent steps although the proposal seems to have given much thought to limiting work arounds.

It’s also worth noting that the traditional 5 year rent review pattern is now quite a significant length of time when compared to modern retail market cycles. A struggling business may not be able to wait that long for the rent correction so, again, the theory may not result in the desired outcome in practice.

While the future may always hold a degree of uncertainty, FHP pride ourselves in giving our clients the best advice to deal with those challenges. For more information on how FHP’s Lease Advisory team can advise you on rent reviews, lease renewals and regears, please contact Tom Wragg (tom@fhp.co.uk / 07970 168 138).

• Prime pedestrianised high street location in Derby city centre
• 4 x Retail units
• Income of £103,000
• 8,405 sq ft of retail & leisure accommodation

• 5,647ft² of retail and leisure accommodation
• Passing rent of £42,000 per annum
• Ground floor retail unit let to Vision Express (UK) Limited
• Part ground, first, second and third floor let to established licenced leisure operator
• High quality retail and leisure destination within Derby City Centre near newly opened Market Hall and Vaillant Live Arena
• Nearby occupiers include Bunk, Betfred, London Camera Exchange, Milk & Honey Deli, Mr Shaw’s House, KH Hairdressing and The Kitchen

• Grade II listed building in high footfall City Centre location
• 22,062ft² of retail, leisure and office accommodation
• Passing rent of £208,450 per annum
• Anchored by Cosy Club, paying £70,000 per annum for a term expiring 20th October 2031
• Upper floor office accommodation, part occupied with potential for redevelopment subject to planning permission
• Major East Midlands city with resident population of circa. 250,000
• Nearby occupiers include Turtle Bay, Revolución de Cuba, Molly Malone Irish Bar, Coffee No.1, Caffe Nero, Loungers, Cubo Offices, Condor Apartments (c. 300 private apartments) and Vaillant Live Performance Venue (3,500 capacity entertainment arena)

• High footfall Derby City Centre location
• Adjacent to entrances to Derbion Shopping Centre
• Prominent retail unit on busy pedestrianised street ideal for retail/restaurant/fast food (STP)
• Ground floor 2,897ft² / Basement 2,777ft²
• Potential to include first floor of 4,673ft² creating unit of 10,347ft²
• Nearby occupiers include Lloyds Bank, Kokoro, McDonalds, Chopstix, Subway, Loungers
• Available from January 2026
• Rent – £80,000 per annum exclusive

• High footfall Derby City Centre location
• Adjacent to entrances to Derbion Shopping Centre
• Former Costa Coffee ideal for coffee shop / fast food use (STP)
• Corner unit with fully glazed return frontage
• Nearby occupiers include Lloyds Bank, Kokoro, McDonalds, Chopstix, Subway, Loungers
• Rent – £60,000 per annum exclusive

• Available with vacant possession due to relocation
• Prominent location near Ashbourne Town Centre
• Pre-planning application approved for 4 apartments (Ref No. 25/00005/PREAPP)
• Offers in excess of £500,000

• Available with vacant possession due to relocation
• Prominent location near Ashbourne Town Centre
• Pre-planning application approved for 4 apartments (Ref No. 25/00005/PREAPP)
• Offers in excess of £450,000

Acting for Askew Properties Limited, FHP are pleased to announce a letting of 249 Horninglow Road, Burton to Flooring Superstore.

Tom Wragg, Associate Director comments:

“It’s great to get this deal over the line to a high quality tenant who will no doubt be a great addition to Burton on Trent.  It was a pleasure working for Askew Properties and dealing with Ian Thurlbeck of AT Retail acting for the tenant and my joint agents, HEB Chartered Surveyors.”

David Egan of Askew Properties Limited, added the following:

“Askew Properties are very pleased to secure an important letting to an excellent operator in Flooring Superstore.  This deal would not have been achieved without the hard work of FHP and Tom Wragg in particular.”

Ian Thurlbeck, who acted for Flooring Superstore added:

“The store in Burton as a great example of the sites my client is acquiring nationwide.  Its prominence, parking and accessibility are ideal.  We thank the landlord and their advisors for their cooperation in finalising the terms.”

For more information on how FHP Property Consultants can assist in leasing or selling your retail and leisure premises, please contact Tom Wragg on 07970 168 138 / tom@fhp.co.uk.

FHP are pleased to announce appointment as sole agents for Waters View, Carsington. The scheme comprises a stunning modern building set in 17.5 acres overlooking Carsington Water on the edge of Derbyshire’s Peak District near the town of Ashbourne. Anchored by renowned jeweller, CW Sellors, the offer will include luxury retail, hospitality as well as events and workshop facilities.

Available space includes a mixture of retail concessions, a rooftop terrace and 2,583 sq ft of restaurant space ready for fit out.

Rebecca Sellors of CW Sellors comments; “We are thrilled to be working with FHP, who are helping us engage with all interested parties to maximise the commercial potential and exciting opportunities the multi-purpose facility and stunning location Waters View provides.” 

Tom Wragg, Associate Director, adds; “I am very excited to work with CW Sellors on this instruction. We are seeing good initial interest from high quality F&B operators and expect the venue will be well positioned to capitalise on the tourist trade, outdoor pursuits market and affluent catchment in the surrounding area”.

For more information on this opportunity please contact Tom Wragg (tom@fhp.co.uk / 07970 168 138) or Harry Gamble (harry.gamble@fhp.co.uk / 07398 443 828).

• Retail, café and restaurant space to let from concessions to individual units of up to 199m² (2,142ft²)
• Brand new high quality, energy efficient retail & leisure destination anchored by CW Sellors Jewellers
• E class premises
• Picturesque tourist location overlooking Carsington Water attracting over 1m visitors annually
• 300 free customer parking spaces on site
• Rent: a combination of base and turnover

• Prime location in Uttoxeter Town Centre, would suit retail or leisure use
• Loading and staff car park for 23 vehicles
• Nearby occupiers include Waitrose, Wetherspoons, Starbucks, Tesco and many more
• Rent – £50,000 per annum