The former Debenhams department store in Bedford has hit the market with a price tag of circa £3m.
Kirkby Diamond has been instructed to market the 75,377 sq ft property by Kroll Advisory acting as LPA receivers.
The building has the potential for a mixed-use development and the addition of further floors.
Nathan George, associate and head of agency at Kirkby Diamond’s Bedford office, said: “Although the demise of Debenhams was a sad moment for Bedford town centre it means that a long-awaited opportunity has arisen to acquire a historical piece of the town centre.
“The former Debenhams department store provides accommodation over six levels and we are of the opinion that the property would best suit redevelopment of the upper floors to residential and splitting of the ground floor into multiple retail or leisure units, subject to planning.
“Bedford Borough Council has continued its proactive approach to economic development across the borough and will be supportive in promoting the site as a viable development opportunity. The site has been included in the upcoming local plan which considers how a scheme could potentially create smaller commercial units for retail or food/beverage occupiers, other leisure uses and residential opportunities on the upper floors.”
