Mixed Use
The property comprises a multi-let property of load-bearing brick elevations beneath a pitched tiled roof. The ground floor comprises restaurant/takeaway premises with retail area, stores, wc's and commercial kitchen.
The upper floors comprise 2 x one bedroomed flats and 1 x studio flat having a communal self-contained access from Chapel Street. Externally the property has a rear yard/garden.
Ripley is a popular Derbyshire market town having a resident population in the order of 20,000, situated approximately 12 miles to the north of the city of Derby and 15 miles north-west of Nottingham at the junction of the A38 and A610 roads.
The property is located on the east side of Chapel Street close to the junction with Nottingham Road nearby entrance to the Lidl supermarket and adjacent to HSBC.
Comprising -
Retail - 27.9 sq.m (301 sq.ft)
Store - 4.8 sq.m (51 sq.ft)
Store - 11.9 sq.ft (128 sq.ft)
Kitchen - 11.5 sq.m (124 sq.ft)
WC's
TOTAL NEW INTERNAL AREA: 56.1 sq.m (603 sq.ft)
First Floor: Studio Flat - 20.9 sq.m (225 sq.ft); 1 Bed Flat - 27 sq.m (291 sq.ft)
Second Floor: 1 Bed Flat - 33.5 sq.m (361 sq.ft)
TOTAL FLOOR AREA: 81.5 sq.m (877 sq.ft)
TOTAL COMBINED FLOOR AREAS: 137.6 sq.m (1,480 sq.ft)
We are advised that the ground floor shop is let to an individual t/a samui Thai Oriental for a term of 3 years from Februray 2019. The rent passing is currently £6,000 per annum exclusive.
We are advised that the upper floor flats are let on shorthold tenancies as follows:
Studio: £350 pcm
First Floor Flat: £400 pcm
Second Floor Flat: £475 pcm
The property is therefore producing a total of £20,700 per annum.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
