NG Property Consultants Ltd, Nottingham

15 15a High Street, Ripley, DE5 3AA

£155,000

Size

1,206

Tenure

Freehold

EPC

Parking

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Spaces

2

Space
Space use
Size
Size
Primary use
Other

Key features

  • 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

Description

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

Additional information

Service charge
Ask agent
Business rates
Ask agent
Size
Primary use
Other

Key features

  • 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

Description

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

Additional information

Service charge
Ask agent
Business rates
Ask agent

Key features

  • 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

Description

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.

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.

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.

Charging Authority: Amber Valley Borough Councill
Description: Shop and Premises
Rateable Value: £6,400
Period: 2024/25

Freehold subject to and with the benefit of the occupational leases.

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

VAT is applicable to the price at the prevailing rate.

Each party will be responsible for their own legal costs incurred in documenting the transaction.

In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.
NG Property Consultants Ltd, Nottingham

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Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

15 15a High Street, Ripley, DE5 3AA

NEAREST STATIONS

National Rail

Ambergate Station

3.19 miles

National Rail

Belper Station

3.61 miles

National Rail

Alfreton Station

3.81 miles

About NG Property Consultants Ltd, Nottingham

NG Property Consultants Ltd, Nottingham

NG is a leading firm of Chartered Surveyors, established in 1980 in Nottingham. We are still invested in Nottingham and remain deeply committed to the East Midlands.

With huge experience and extensive knowledge, we are here to help and guide you through your commercial property journey. At NG we understand the importance of technology and what that offers our business, as well as yours, allowing us to stay ahead of the game and continue to be at the forefront of the commercial market in the East Midlands.

We provide a wide range of industrial and commercial property services to an extensive portfolio of local and national clients, many of whom have been loyal to us for years.

Our services include:

Acquisitions

Commercial Property Investment

Commercial Property Development

Commercial Property Agency

Property Management

Residential Block Management

Commercial Property Valuations

Residential Property Valuations

Schedules of Dilapidations

Schedules of Condition

Our success comes from a quiet determination to do the finest job we can. Never complacent, we treat every client as if they were our first and know how to build lasting businesses relationships.

NG works to the highest standards of service and professionalism. All our Surveyors and directors are members of the Royal Institution of Chartered Surveyors.

Whilst it is something of a cliché, our people are talented, dedicated and have a strong team spirit. Our expert team specialise in specific areas and we will always ensure you are liaising with an expert in their field. We are pride ourselves on being different, from diverse backgrounds and our family feel ensures we don't come across as corporate, we take the personalised approach in everything we do.

Clients trust our advice, which combines detailed knowledge with experience and, very importantly, honesty. We build lasting relationships with clients and many repay us with the greatest compliment of all - by returning to do more business, year after year.

Contact us today to find out more about any of the properties shown or if you have a general query or question, the team will be here to help and support you.

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Disclaimer - Property reference 287478-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by NG Property Consultants Ltd, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.