Key Information
- Income producing £27,500 pa reversionary
- Mixed use high street retail/leisure investment
- Busy market town location
- Freehold offers invited in the region of £300,000 subject to the existing tenancies.
The property is a two storey building of traditional brick construction under a pitched tiled roof and comprises the following:- No 53 - ground floor retail unit with first floor kitchen/staff room and w.c. accommodation. Electric roller shutter to front glazing. Occupied as a Oxford Street Carpets No 55 - ground floor retail unit refurbished in 2013 with suspended ceiling with category 2 lighting, laminate flooring, disabled access w.c. Electric roller shutter to front glazing. Occupied as Ripley's micro pub. First Floor - comprises a self-contained tanning salon with reception and w.c. facilities. Occupied as Safe2Tan tanning salon.
Location
Ripley is a busy market town located close to the A610 and A38 and is the regional HQ for Amber Valley Borough Council. The premises are located on Oxford Street, the main pedestrianised shopping thoroughfare serving the heart of the town centre. Other occupiers include Costa Coffee, Superdrug, Jack Foulton, Shoe Zone, Birds and Manor Pharmacy.
VAT
All figures quoted are exclusive of VAT. The property is not registered for VAT.
EPC
53 Oxford Street has a B (47) rating and 55 Oxford Street has a B (44) rating
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement First Edition.