Town centre investment opportunity c8,154 sq ft (758 sq m)
Ripley Glass Premises, Park Road, Ripley, DE5 3EF
FOR SALE
Town centre investment opportunity c8,154 sq ft (758 sq m)
OVERVIEW Multiple uses over three self contained floors. Ground floor let as a retail warehouse with trade counter. First floor provides quality, vacant DDA offices. Second floor currently let as a Boxing Academy. Small hard standing area on site potentially suitable for parking approximately 6 vehicles. Currently producing £10,800 per annum.
LOCATION
BUSINESS RATES
Ripley is a town in the Amber Valley district of Derbyshire located approximately 11.7 miles (18.8km) north east of Derby and 14.2 miles (22.9km) north west of Nottingham.
Having reviewed the Valuation Office website we believe there are three separate assessments as follows:
The premises is located just 0.2 miles (0.3km) south of Ripley town centre and is found just off Nottingham Road (B6441) which is a main shopping street and thoroughfare through Ripley. The site is therefore well positioned for an excellent range of town centre amenities including public transport facilities and parking.
DESCRIPTION The premises comprise a former dance hall which since constructed in 1875 has been substantially altered to provide three selfcontained floors of accommodation as follows; GROUND FLOOR retail warehouse. The fit out is basic but functional offering; a deliveries access, concrete flooring, strip lighting and some administration accommodation. FIRST FLOOR DDA complainant offices fitted out to a reasonably high standard offering; a lift, data cabling, Cat II lighting, alarm, intercom, central heating and a fresh air system. SECOND FLOOR presently fitted out as a boxing facility but previously operated as a snooker hall.
Ground Floor Shop & Premises £2,600 RV First Floor Offices & Premises £12,750 RV Second Floor Boxing Academy £6,500 RV
TENURE The building is offered for sale Freehold subject to the following occupation agreements: The ground floor is tenanted by Ripley Glass by way of a lease expiring March 2016. We are advised that this lease is outside The 1954 Act with the tenant having no right to renew and the passing rent is £6,000 per annum. The first floor is vacant and available to let for £12,000 p.a. The second floor is tenanted by Ripley Boxing Academy by way of a lease expiring March 2016. We are advised that this lease is outside the 1954 Act with the tenant having no right to renew. The passing rent under the lease is £500 pcm but the tenant is paying a reduced monthly rental of £400 pcm.
PRICE Offers in the order of £250,000 for the freehold.
ACCOMMODATION
VAT
The accommodation has been measured on a Gross Internal Area basis and extends circa 8,154 sq ft (758 sq m) with each floor being circa 2,718 sq ft (253 sq m).
All figures are quoted exclusive of VAT. We are advised that the property is not registered for VAT.
PLANNING Having reviewed the Saved Policies of the Amber Valley Local Plan (under review) the site is currently allocated within the town centre. Development such as Shops (A1), Financial and Professional Services (A2), Restaurants and Cafes (A3), Drinking Establishments (A4), Hot Food Take Aways (A5), Hotels (C1), Residential Institutions (C2), NonResidential Institutions (D1), Assembly and Leisure (D2) and Sui Generis will be granted if considered appropriate. We have not identified any recent planning applications at the premises but assume the present uses are established. All planning information should be confirmed with the Local Authority.
SERVICES It is understood that all mains services are either connected or available at the property. There is a single electric supply with consumption being recharged to each floor based on sub meters. Each floor benefits from its own gas supply whereas there are separate water supplies to the ground and second floors with the first floor being recharged based on a sub meter.
LEGAL COSTS Each party to be responsible for their own legal costs incurred within the transaction.
VIEWING Strictly by prior appointment with the sole agent BB&J.
CONTACT Paul Harding 01332 292825 [email protected]
LOCATION MAP
PROPERTY IMAGES
Note: Plans, maps and drawings are not to scale. Paper copying licence No. LIG1025 Date Updated: 22Feb2017
ENERGY PERFORMANCE RATING
FOR SALE
Town centre investment opportunity c8,154 sq ft (758 sq m)
OVERVIEW Multiple uses over three self contained floors. Ground floor let as a retail warehouse with trade counter. First floor provides quality, vacant DDA offices. Second floor currently let as a Boxing Academy. Small hard standing area on site potentially suitable for parking approximately 6 vehicles. Currently producing £10,800 per annum.
LOCATION
BUSINESS RATES
Ripley is a town in the Amber Valley district of Derbyshire located approximately 11.7 miles (18.8km) north east of Derby and 14.2 miles (22.9km) north west of Nottingham.
Having reviewed the Valuation Office website we believe there are three separate assessments as follows:
The premises is located just 0.2 miles (0.3km) south of Ripley town centre and is found just off Nottingham Road (B6441) which is a main shopping street and thoroughfare through Ripley. The site is therefore well positioned for an excellent range of town centre amenities including public transport facilities and parking.
DESCRIPTION The premises comprise a former dance hall which since constructed in 1875 has been substantially altered to provide three selfcontained floors of accommodation as follows; GROUND FLOOR retail warehouse. The fit out is basic but functional offering; a deliveries access, concrete flooring, strip lighting and some administration accommodation. FIRST FLOOR DDA complainant offices fitted out to a reasonably high standard offering; a lift, data cabling, Cat II lighting, alarm, intercom, central heating and a fresh air system. SECOND FLOOR presently fitted out as a boxing facility but previously operated as a snooker hall.
Ground Floor Shop & Premises £2,600 RV First Floor Offices & Premises £12,750 RV Second Floor Boxing Academy £6,500 RV
TENURE The building is offered for sale Freehold subject to the following occupation agreements: The ground floor is tenanted by Ripley Glass by way of a lease expiring March 2016. We are advised that this lease is outside The 1954 Act with the tenant having no right to renew and the passing rent is £6,000 per annum. The first floor is vacant and available to let for £12,000 p.a. The second floor is tenanted by Ripley Boxing Academy by way of a lease expiring March 2016. We are advised that this lease is outside the 1954 Act with the tenant having no right to renew. The passing rent under the lease is £500 pcm but the tenant is paying a reduced monthly rental of £400 pcm.
PRICE Offers in the order of £250,000 for the freehold.
ACCOMMODATION
VAT
The accommodation has been measured on a Gross Internal Area basis and extends circa 8,154 sq ft (758 sq m) with each floor being circa 2,718 sq ft (253 sq m).
All figures are quoted exclusive of VAT. We are advised that the property is not registered for VAT.
PLANNING Having reviewed the Saved Policies of the Amber Valley Local Plan (under review) the site is currently allocated within the town centre. Development such as Shops (A1), Financial and Professional Services (A2), Restaurants and Cafes (A3), Drinking Establishments (A4), Hot Food Take Aways (A5), Hotels (C1), Residential Institutions (C2), NonResidential Institutions (D1), Assembly and Leisure (D2) and Sui Generis will be granted if considered appropriate. We have not identified any recent planning applications at the premises but assume the present uses are established. All planning information should be confirmed with the Local Authority.
SERVICES It is understood that all mains services are either connected or available at the property. There is a single electric supply with consumption being recharged to each floor based on sub meters. Each floor benefits from its own gas supply whereas there are separate water supplies to the ground and second floors with the first floor being recharged based on a sub meter.
LEGAL COSTS Each party to be responsible for their own legal costs incurred within the transaction.
VIEWING Strictly by prior appointment with the sole agent BB&J.
CONTACT Paul Harding 01332 292825 [email protected]
LOCATION MAP
PROPERTY IMAGES
Note: Plans, maps and drawings are not to scale. Paper copying licence No. LIG1025 Date Updated: 22Feb2017
ENERGY PERFORMANCE RATING
