Bondholder Salloway Property Consultants have brokered a deal which sees the former Ashbourne Telegraph newspaper office set to be turned into a micropub.
The building, in Market Place, was previously a pub and Walter Scott who set up the Little Chester Ale House and Last Post in Derby, plans to bring back its former name, The Queen’s Vaults.
He said: "I didn't know it was a pub when I put in for the application but when we were doing some digging around to find out the history for the application we saw it was called The Queen's Vaults.
"It's very early days yet, but I would like it to be open before Christmas."
Steve Salloway, managing director of Salloway Property Consultants, said: “We are delighted at these exciting plans for such a landmark building and it is fascinating that an historic name could be rekindled.
“The micropub industry has really taken off in recent years and this appears to be a great fit for Market Place.”
Salloway Property Consultants are also acting as vendors, along with Bishop Property Consultants, for the former home of Derbyshire Fire and Rescue Service, the historic Old Hall in Littleover.
Expressions of interest have been invited for the nearly five-acre site on Burton Road which includes the impressive Victorian mansion.
The site also includes more modern buildings and gatehouse in attractive, landscaped grounds.
The 1891 house was erected to the design of Alexander MacPherson for businessman Edward MacInnes. Prior to that there was a home on the site which dated back to the late Elizabethan era.
Most recently, it was the headquarters of Derbyshire Fire and Rescue Service for 45 years before it moved to be alongside Derbyshire Police at Butterley Hall in Ripley.
Stephen Salloway, managing director of Salloway Property Consultants, said: “This is a very rare opportunity and the vendors are happy to discuss propositions on a conditional or unconditional basis or even a joint venture.
“Those interested would almost certainly have to retain the beautiful Old Hall and lodge which are noted in Derby’s historic buildings list but are not formally listed.”