A Retail Investment Property Sale of The Superior Lease. The properties comprises: three modern purpose built self contained, ground floor retail units generating an annual income of £26,000. Total floor areas 399.7
A Retail Investment Property Sale of The Superior Lease. The properties comprises: three modern purpose built self contained, ground floor retail units generating an annual income of £26,000. Total floor areas 399.7 square metres (4,301 square feet). Ripley is a popular market town with easy access to the A38 to Derby and access to Junction 25 to the South and junction 28 to the North.
Description: , The properties comprise three purpose built lock up retail units of a traditional steel portal frame construction with cavity block brick elevations which clad with a part stone face. The shop windows and frontages are in aluminum double glazing.
Each of the units has a single WC and kitchen facility with a storeroom off.
Externally there is a rear shared service yard accessed from Crossley Street.
Location: , Ripley is a popular market town situated approximately12 miles to the North of the City of Derby and approximately 15 miles to the North West of Nottingham at the Junction of the A38 to Derby and Burton and the A610 to Nottingham. Road communications are good with the A610 linking to Junction 25 of the M1 Motorway (Southbound) and the A38 leading to Junction 28 of the M1 (Northbound). of
Population: , Ripley has an approximate Population of 20,176 from the 2021 -Census Population Density (2021) which is 0.040% Annual Population Change (2011 - 2021]).
Unit 1: , Totaling 133.2 square metres (1,433 square feet). Currently let at £10,000 per annum.
Unit 3: , Totaling 120.4 square metres (1,296 square feet). Currently let at £6,000 per annum.
Unit 4: , Totaling 146.1 square metres (1,572 square feet). Currently let at £10,000 per annum. This unit has a permitted planning use for A3 and A5.
Viewing: , Each of the properties are let therefore viewing will be strictly by appointments please contact the marketing agents for more details.
Postcodes: , The postcode for the satellite navigation user is DE5 3EE for units 3 and 4. Unit 1is located on the return frontage to Crossley Street postcode DE5 3UR.
Value Added Tax: , All rents and prices quoted are plus value added tax which will charged on the rent and purchase price at the prevailing rate.
Lease Details: , We have not had sight of the original ground lease. We are advised each of the three retail units are hled on separate titles under separate long leases, however, each of the long leases are drawn on the following terms:
The original lease is dated 23rd December 2011 to Tudor Property Development. The term is from 23rd December 2011 to 22nd December 2110 at a rent of £560.00 per annum paid annually in advance and there is a rent review in the 33rd year to £660.00 per annum and a rent increase to £760.00 in the 66th year.
Services: , We understand each unit has main water electric and drainage. Unit 4 has retrospectively had a gas supply installed.
Offer Procedure: , Before contacting a Building Society, Bank, lending institution or Solicitor you should make your offer to our office and speak to a member of staff dealing with the sale as any delay may result in the sale being agreed to another purchaser incurring unnecessary costs. Under the Estate Agency Act 1991 you will be required to provide us financial information in order to verify your position before we can recommend your offer to the vendor. We will also require proof of identification in order to adhere to Money Laundering Regulations.
Disclaimer: , Whilst we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office. SERVICES: The Agents have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order. The buyer is advised to obtain verification. MEASUREMENTS: Please note all the measurement details are approximate and should not be relied upon as exact.
A Retail Investment Property Sale of The Superior Lease.
Comprises: three modern purpose built self contained, ground floor retail units generating an annual income of £26,000 exc
Total floor areas 399.7 square metres (4,301 square feet) of the three shops
Ripley is a popular market town with easy access to the A38 to Derby and access to Junction 25 and junction 28 of the M1
With easy access to the A38 to Derby and access to Junction 25 and junction 28 of the M1
