DE5 15 & 15a High Street, Ripley

Ground floor retail unit with first floor flat in prominent high street location

The property comprises a mid-terrace, three-storey Victorian building split to provide a commercial retail use on the ground floor, with residential use to the first and second floors.

There is a ground level access to the front of the property by way of a typical shop front. The residential flat comprises two bedrooms, one bathroom and separate living/dining quarters, accessed to the rear by way of a fire escape.

15: Let to Top Nails 15 Ltd (Co No. 11853733) on a 10 year lease from 16.04.2018 at a rent of £9,452 p.a. (Rent Review 08.04.2023)

15A: Let to a Private Tenant on a 12 monthly tenancy from 05.05.23 at a rent of £7,200 p.a.

Ripley is a market town located in Derbyshire close to the towns of Heanor, Langley Mill, Alfreton and Eastwood, located approximately 10 miles from Derby and 15 miles from Nottingham.

The property is located on the main High Street of the town, surrounded predominantly by other retailers such as Peacocks, Boots, Farmfoods, Costa Coffee and Betfred, along with a mix of residential uses.

The town is served well by public transport with several bus routes in close proximity.

A guide price of £155,000 which reflects a net initial yield of 10.55% allowing for standard purchaser costs

Total rental income of £16,652 per annum

Long term tenants in situ

Added benefit of first floor flat

Prominent position on High Street

Great transport links