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.
Location
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.
Within close proximity is the recently opened Lidl together with a number of independent retailers.
Accommodation
Ground Floor Showroom & Ancillary Areas - 399.2 sq m (4,297 sq ft)
The site extends to approximately 0.746 acres (0.302 hectares).
Terms
Tenure - The property is held freehold.
Price - Offers are sought in the region of £400,000
Rateable Value - We have been advised that the Rateable Value for the property is as follows:
Rateable Value 2016/2017 - £13,750
Rates Payable 2016/2017 - £ 6,655
Rateable Value 2017/2018 - £10,000
EPC - The building has an EPC Rating of D76.
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.
Planning - 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 - Vat is not applicable.
Legal Costs - Each party will be responsible for their own legal costs incurred in the transaction.
Specification
- Prominent location with extensive linear frontage to Butterley Hill, just to the north of Ripley town centre.
- Extending to 0.746 acres (0.302 hectares) with the benefit of residential planning consent.
- Alternative uses subject to planning permission.
- 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.
- Offers are sought in the region of £400,000 (Four Hundred Thousand Pounds).