Summary - 6a, Oxford Street DE5 3AL
1 bed 1 bath Commercial Property
**Standout Features:**
- Retail investment opportunity let to Superdrug on a new 5-year lease
- Current rent: £28,500 + VAT per annum
- Prime location on Oxford Street, Ripley – part of the main retail hub
- Large retail space: 3,735 sq.ft (347 sq.m)
- Good public transport access and parking nearby
**Key Concerns:**
- Auction scheduled for July 31, 2025 – potential buyers must act quickly
- Limited lease term may deter some mortgage lenders
- High crime rate in the locality
Take advantage of this exceptional retail investment presented at auction, set to take place on July 31, 2025. This robust commercial property, constructed between 1900 and 1929, spans a generous 3,735 sq.ft and is strategically located on Oxford Street, ensuring high visibility and foot traffic. Currently leased to Superdrug at £28,500 + VAT annually, the property secures a stable income for the next five years with a reliable tenant who has occupied the premises for over 15 years.
Prospective investors should note the high crime rate in the area and the limited lease duration, which may affect lending opportunities. However, with nearby amenities including Costa Coffee and Boots, the location offers a vibrant community atmosphere valuable to retail operations. The building's double-glazed windows and solid brick construction promise durability and potential for future value enhancement through minor renovations. Don’t miss the chance to secure a pivotal piece of retail real estate that combines income stability with substantial growth potential!
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