ROADSIDE INVESTMENT - Property Search - Savills

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Roadside Investment For Sale - Butterley Hill, Ripley, Derbyshire, DE5 3LT

Summary ◆◆

Prominent location with extensive linear frontage to Butterley Hill, just to the north of Ripley town centre.

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Extending to 0.746 acres (0.302 hectares) with the benefit of residential planning consent.

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Alternative uses subject to planning permission.

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Let for a term of ten years from 1 December 2010 at a rental of £25,000 per annum, subject to a tenants option to break on the fifth anniversary.

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Offers are sought in the region of £400,000 (Four Hundred Thousand Pounds).

savills.co.uk

Location

Rateable Value

Prominent location with extensive linear frontage to Butterley Hill (B6179), just to the north of Ripley town centre. The immediate area is predominantly characterised by residential housing with a new residential development on the southern boundary at the junction with Outram Street.

We have been advised that the Rateable Value for the property is as follows:

Within close proximity is the recently opened Lidl together with a number of independent retailers.

The Property Tenure

Rates Payable 2016/2017

£ 6,655

Rateable Value 2017/2018

£10,000

EPC Tenant Let to Colin Jackson and Elaine Burridge t/a Expectations under the terms of a lease dated 1 December 2010 for a term of ten years at a rental of £25,000 per annum incorporating a tenant’s option to break on the fifth anniversary. Part of the site has been sub-let as a carwash.

The property is held freehold.

Accommodation Showroom & Ancillary Areas

£13,750

The building has an EPC Rating of D76.

The property comprises a single storey showroom of part brick and part framed construction under a flat roof with warehouse storage to the rear and ancillary facilities.

Ground Floor

Rateable Value 2016/2017

399.2 sq m 4,297 sq ft

The site extends to approximately 0.746 acres (0.302 hectares).

Planning

VAT

The property benefits from a planning consent dated 23 July 2015, application reference AVA/2014/0838 for the demolition of all existing structures on site and construction of fourteen houses, three blocks of three terraced and two blocks of semi-detached, one detached and block of three garages plus car parking at Expectations Charity Shop, Butterley Hill, Ripley.

Vat is not applicable.

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

Viewing and Further Information Strictly by appointment with the Sole Agents, Savills. Savills Nottingham Enfield Chambers 18 Low Pavement Nottingham NG1 7DG Victor Ktori T: +44 (0) 115 934 8171 E: [email protected] Christine Thorn T: +44 (0) 115 934 8152 E: [email protected]

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.

Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.