A prime City Centre investment opportunity located in the heart of the Derry/Londonderry city centre, this property offers excellent opportunity for redevelopment and investment. The opportunity features 4 no. high-profile commercial units along Carlisle Road, complemented by 2 no. additional commercial units fronting on to Bridge Street, creating a strong frontage in a prime urban location. With potential for conversion into an apartment scheme or an attractive mixed-use development (subject to planning), the property provides an ideal platform for capital growth and long-term value.
Worthy of note, the upper floors on the Bridge Street property are already arranged as individual apartments and, following a modern refurbishment, could be reintroduced to the market—enhancing both rental income and overall asset value.
The Opportunity:
Derry/Londonderry city centre remains one of Northern Ireland’s most resilient and promising locations for commercial property investment, offering stability, steady growth, and significant regeneration momentum in 2025. Demand for prime city centre assets remains strong, bolstered by substantial local and national buyer activity as well as ongoing government-driven transformation initiatives. The city benefits from its strategic position as a gateway between UK and EU markets, which is fuelling ongoing mixed-use, retail, and residential developments alongside vibrant footfall and community engagement. These factors combine to make Derry/Londonderry city centre an exceptional location for capital growth and long-term value creation, especially for opportunistic redevelopment and mixed-use schemes such as these properties offered for sale.
Description Area (SQ M)
5-9 Carlisle Road & 10-12 Bridge Street - 425 sqm
15 Carlisle Road - 530 sqm
Total 955 sqm
Planning
The subject is zoned as “White Land” within the Commercial Core and the Historic City Conservation Area for Derry City.
5-9 Carlisle Road & 10-12 Bridge Street previously had planning granted for 3 storey retail building fronting Bridge Street. This permission has expired.
REF: A/2008/0533/F & A/2208/0508/CA
ADDRESS: 5-9 Carlisle Road & 10-12 Bridge Street, Derry City.
PROPOSAL: Retention of front façade and redevelopment of site including new three storey retail building fronting Bridge Street
STATUS: Granted 10/02/2011. Expired 09/02/2016.
