Summary - Jubilee House, Nottingham Road, Ripley, Derbyshire, DE5 3DJ DE5 3DJ
1 bed 1 bath Commercial Development
Fully let 14‑unit freehold producing c.£80k pa — 9% gross yield, hands‑off income.
Fully let 14-apartment freehold producing £80,004pa
Guide price £895,000 equating to c.9% gross initial yield
New fibreglass roof 2023 with 10-year warranty
Two ground-floor units on 999-year leases, peppercorn ground rent
Variable service charge for communal area management applies
VAT likely applicable; sale may be treated as a TOGC — advise tax check
Area classified as deprived with very high local crime rate
Mostly 1-bed/studio units; limited scope for immediate large rent uplift
Jubilee House presents a hands‑off, freehold residential investment in Ripley town centre, offered with 14 self-contained apartments producing a total passing rent of £80,004 pa (circa £6,669 pcm). The portfolio is fully let on Assured Shorthold Tenancies and benefits from a recently replaced fibreglass roof (2023) with a 10‑year warranty — reducing immediate capital expenditure risk.
The property sits on a prominent corner close to major occupiers (HSBC, Lidl, Costa) and the Market Place, giving strong rental demand and convenient access to town amenities and transport links (A38/A610). Two ground-floor retail units are on long 999‑year leases with peppercorn ground rent, simplifying the freehold income and ownership structure.
This is a core income play for an investor seeking a circa 9% gross initial yield at the guide price of £895,000. There is a variable service charge for communal area management; EPCs are available on request. VAT is stated as applicable to the purchase price, though the sale may be treated as a TOGC — buyers should verify tax treatment with advisors.
Buyers should factor in local market context: the area is classified as deprived with a very high crime rate and a small plot size, which may influence future capital growth and insurance/management costs. The flats are mostly one‑bed and studio accommodation (2 x 2‑beds, 9 x 1‑beds, 3 studios), suitable for rental demand but offering limited immediate scope for large rental uplifts without refurbishment.
Commercial property for sale in 1 Nottingham Road, Ripley, Derbyshire, DE5 3DJ, DE5 — £425,000 • 1 bed • 1 bath • 4947 ft²
High street retail property for sale in Grosvenor Road, Ripley, DE5 — £90,000 • 1 bed • 1 bath • 649 ft²
High street retail property for sale in 15 & 15a High Street, Ripley, DE5 3AA, DE5 — £155,000 • 1 bed • 1 bath • 1206 ft²
2 bedroom flat for sale in Crossley Street, Ripley, DE5 — £69,000 • 2 bed • 1 bath • 775 ft²
Commercial property for sale in 25 Grosvenor Road, Ripley DE5 3JE, DE5 — £90,000 • 1 bed • 1 bath
Business park for sale in Chapel Street, Alfreton, Derbyshire, DE55 — £777,000 • 5 bed • 5 bath • 730 ft²
