For Sale - Mixed Use Investment Opportunity

4, High StreetRipley, DE5 3HH

£165,000 for the Freehold

1,117 Sq Ft (104 Sq M)

Retail - Under Offer

Investment for sale

Description
Map

Key Features - Under Offer

Sale: £165,000 for the Freehold
1,117 Sq Ft (104 Sq M)
Comprising shop and a separate upper floor offices
Shop let on new 5 year lease producing £8,000 p.a
Vacant upper floor offices fully refurbished
Refurbishment works include rewire and new WC
Uppers may convert to self contained residential
High Street location with parking nearby

Location

Ripley is a busy market town located in the Amber Valley District of Derbyshire, approximately 3.5 miles north east of Belper and 10 miles north of Derby. The town benefits from a variety of shops, cafes and bars.

The investment property for sale is located in the town centre, 100 meters south of the Market Place. Surrounding occupiers include the Cooperative Food Store, Nationwide Building Society, Boots and Amber Valley Town Council offices.

Description

Prominently located, mixed use investment comprising superbly presented shop and separate, refurbished upper floor offices.

This terraced property comprises a tenanted, ground floor shop fitted out as a hairdressers with well-appointed trading area with kitchen and WC. Separately accessed (via a side entrance) the upper floors have recently been refurbished as offices with works to include a full rewire, re plastering, new WC, new carpets and redecoration. It is the opinion of the agent this could potentially convert to two bed living accommodation subject to prior approval.

Externally there is a small enclosed courtyard. The property enjoys a high street location with ample parking nearby.

Accommodation

The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice.

Floor	Sq Ft	Sq M
GF Hairdresser	444	41
FF Offices	355	33
SF Offices	318	30
Total	1,117	104

Planning

We believe the property has been used under Classes E (Commercial, Business and Service) of the Town and Country Planning (Use Classes) Order 1987 (as amended). All parties should confirm the planning position with the relevant Local Authority.

Services

We are advised all mains services (with the exception of gas) are connected to the property. Currently the shop has the ingoing metered supplies. A quote is being obtained to install separate supplies to the offices.

Rating

The property is currently listed as an shop and premises on VOA.gov.uk. Please check the valuation office website for any rates incentives. Subject to status you may qualify for 100% rates relief.

Rateable Value: £6,700

Tenure

Freehold

The premises is being sold freehold and subject to the existing tenancies as follows: Shop: subject to a new 5 year lease (in personal names) from September 2021. The tenants are on IRI terms and pay £8,000 per annum exclusive. Separately accessed upper floors: vacant

Price

Sale: £165,000 for the Freehold

VAT

All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

EPC

D(100)

Viewing

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

12-May-2022

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access our data room for various property documents.

Important Notice

Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Contact

Chris Wright
01332 840328
07471 072799
derbyshire@omeeto.co.uk

Important Notice

Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.