£300,000

Retail premises for sale

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Just added

Offers in region of

£300,000

(£138.70/sq. ft)

Retail premises for sale

Church Street, Ripley DE5

3,439 sq. ft

Local area information

Property location

Nearby amenities

  • Lons Infant School 0.3 miles
  • St John's CofE Primary School 0.4 miles
  • Ambergate 3.2 miles
  • Belper 3.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Prominent retail unit formerly occupied by Poundland
  • Servicing and loading facilities to side
  • Combination of national and local retailers nearby
  • Ancillary accommodation to the first floor
  • Suitable for a variety of uses (subject to planning)
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.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Geo Hallam and Sons. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Geo Hallam and Sons for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Derbyshire
  4. Ripley
  5. Church Street