Church St, Ripley DE5 3BU & Wall St Ripley DE5 3DE

Freehold Investment Opportunity | Ground Floor Restaurant & First Floor Residential Potential 11 Church Street & 1 Wall Street, Ripley, Derbyshire, DE5 3BU / DE5 3DE

A rare and compelling freehold investment opportunity in the heart of Ripley town centre, comprising two adjoining properties combined to create a substantial commercial and residential asset with excellent income already in place and significant further potential.

The Investment at a Glance

The ground floor of the combined properties is currently let as a restaurant on a long lease running until 2031, generating a rental income of £15,600 per annum. In addition, a separate outbuilding on site is currently let producing a further £1,200 per annum (£100 per month). With rent review due in April 2026, there is a realistic prospect of achieving an enhanced rental figure in line with current market conditions, making this an ideal time to acquire ahead of that uplift.

The Commercial Element

The ground floor restaurant occupies the combined footprint of both 11 Church Street and 1 Wall Street, creating a generous trading space that has clearly proven its commercial viability through its established tenancy. With the lease secured until 2031, a purchaser can enjoy a stable, hands-off income stream from day one.

The Residential Opportunity

Accessed from Wall Street, the substantial first floor extends across the combined footprint of both properties and represents a genuinely exciting opportunity for the right buyer. Currently requiring modernisation and improvement to bring it up to a contemporary residential standard, the space lends itself to one of two attractive strategies:

Conversion to two self-contained flats (subject to the necessary planning consents), which — once let — could generate in the region of £2,000+ per month in rental income
Retention as a single large flat, which, once refurbished, is anticipated to command rental income in the region of £1,000 per month
Either route offers a compelling value-add angle for an investor or developer looking to maximise their return on what is already an income-producing asset.

The Numbers

Income Stream Current Annual Income
Ground floor restaurant (lease to 2031) £15,600
Outbuilding rental £1,200
First floor residential (potential) £12,000–£24,000
Total Potential Income £28,800–£40,800 p.a.
Residential figures are indicative and subject to refurbishment and any necessary planning consents.

Why Ripley?

Ripley is the principal market town of the Amber Valley district, benefitting from strong local amenities, good transport links to Derby, Nottingham and the M1 motorway, and a busy town centre trading environment. Church Street sits at the very heart of the town, ensuring excellent footfall for the commercial tenant and strong residential demand for any future lettings.

A Genuinely Rare Proposition

Opportunities to acquire a freehold town centre asset of this scale — with income already in place, an imminent rent review and meaningful residential upside — are uncommon. Whether you are an established property investor, a developer seeking a straightforward value-add project, or someone looking to combine a commercial income with a residential refurbishment, this property warrants serious consideration.

Viewing is strictly by appointment only.

To arrange an inspection or request further information, please contact the sole agents:

📞 Property Options Estate Agents

All figures quoted are approximate. Prospective purchasers are advised to make their own enquiries and obtain independent legal and financial advice. Planning consent for residential conversion is not guaranteed and purchasers should satisfy themselves in this regard.

The Location

Ripley is the principal market town of the Amber Valley district in Derbyshire, offering an appealing blend of traditional market town character and excellent everyday practicality. With a history stretching back to 1251 when King Henry III granted the town its weekly market — a tradition that continues every Saturday — Ripley remains a busy, well-patronised town centre with strong and consistent footfall.

The property occupies a prime position on Church Street, at the very heart of the town centre, surrounded by a wide range of shops, supermarkets, restaurants, pubs and local services. Healthcare is well catered for with Ripley Community Hospital, the Ripley Medical Centre and a range of dental and pharmacy provision all close by.

Getting Around

Ripley is excellently connected by road, sitting approximately 12 miles from Derby, 15 miles from Nottingham and 25 miles from Sheffield. Junction 28 of the M1 motorway is just minutes away, providing swift onward access to the national motorway network. Regular Trent Barton bus services — including the popular Rainbow 1 and Nines routes — link the town directly to Derby, Nottingham, Alfreton and Mansfield.

Schools & Community

The town is well served by both primary and secondary schools, making it a popular choice for families. Ripley has a strong community identity, low crime rates and a town council that has been actively investing in the improvement and promotion of the town centre in recent years.

Leisure

The area offers excellent leisure facilities including a leisure centre with swimming pool and gym, Crossley Park, and the renowned Midland Railway — Butterley heritage attraction on the town's doorstep. The Peak District National Park and Denby Pottery Village are also within easy reach.