Church Street, Ripley, Derbyshire, DE5

LOCATION
Ripley is a busy market town located in the Amber Valley Borough of Derbyshire and has a population of approximately 21,000 people and serving a catchment of approximately 186,000 people. Ripley is situated 10 miles north of Derby city centre and 12 miles north-west of Nottingham city centre.

The subject premises occupy a prominent location on the southern side of Church Street in the heart of Ripley, benefitting form high visibility and along the towns one-way system.

Ripley is home to a number national, regional and local operators including Lidl, Costa Coffee, Superdrug, Greggs, Birds Bakery, Boots and Specsavers.

The Church Street pay and display car park is located immediately to the east of the property.

DESCRIPTION
The premises comprise a retail unit with accommodation across ground and first floors. It has a prominent wide shop front facing Church Street and provides a large open plan retail unit at ground floor benefitting from; tiled floors, painted and plastered walls, suspected ceilings incorporating lighting with a floor to ceiling height of 3.5m.

To the rear of the ground floor is ancillary storage accessed by way of a service road immediately to the east of the property access by way of a roller shutter door.

The first floor provides a combination of storage, (accessed by way of a goods lift) offices, staff breakout rooms, along with male and female WC facilities.

ACCOMMODATION
The property has the following Net Internal Areas in accordance with the RICS Code of Measuring Practice:

Ground Floor - Retail Area 319.5 sq m 3,439 sq ft
Ground Floor - Stores 71.7 sq m 772 sq ft
First Floor - Stores 96.2 sq m 1,035 sq ft
First Floor - Ancillary 33.8 sq m 364 sq ft
Total 517.8 sq m 5,573 sq ft

TERMS OF DISPOSAL
The premises are available immediately by way of a new fully repairing and insuring lease for a term of years to be agreed.

Consideration will also be given to a sale for the freehold interest in the subject premises.

QUOTING TERMS
Leasehold - £27,500 per annum exclusive

Freehold - offers in the region of £300,000

BUSINESS RATES
From enquiries made of the VOA website we understand that the property is currently assessed as follows:

Local Authority: Amber Valley District Council
Description: Shop & Premises
Rateable Value: £33,750

A Rates Appeal is due to be lodged with the Valuation Office Agency.

SERVICES
It is understood that mains water and electricity are available and connected to the premises.

PLANNING
From enquiries made of Amber Valley District Council it is understood that the property currently has the benefit of a Class E Consent.

Alternative uses may be permitted, although interested parties are advised to make their own enquiries of Amber Valley District Council's Planning Department in respect of their proposed use.

VAT
We are advised that VAT will not be applicable on the rent / purchase price.

ENERGY PERFORMANCE CERTIFICATE
The property has an Energy performance Asset Rating of E (114).

LEGAL COSTS
Each party will be responsible for their own legal costs involved in this transaction.