7-9 Oxford Street, Ripley, Derbyshire

Description

The premises comprise a mid-terrace two-storey building of traditional masonry construction surmounted by a pitched tiled roof to the front and a flat roof to the rear.
On the ground floor the property provides two independent retail units as follows:

7 Oxford Street consists of a rectangular sales area with separate kitchenette, store and disabled WC located to the rear of the property. This property is currently finished to a shell specification in readiness to receive any tenant fit-out.

9 Oxford Street is currently in occupation and therefore, has been fully fitted out with the tenant's branding. This unit has comparable space configuration to the adjacent unit.

To the first floor and separately accessed to the rear, are two one-bed flats (7A and 9A Oxford Street).

Each flat is finished to a good modern standard and are of comparable configuration consisting of a double bedroom, bathroom and open plan kitchen/living area.

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Key features

• Part let investment producing £25,400 per annum. Estimated Rental Value when fully let of £37,400 per annum.
• Two self-contained one bed flats to the first floor let on ASTs.
• 9 Oxford Street let by way of a 10-year lease with effect from April 2021.
• Popular pedestrianised retail street in busy market town.
• Opportunity to add value through asset management.
• PRICE REDUCTION.