Freehold retail investment with national tenants on Ripley’s pedestrianised high street..
Let to Superdrug Stores Ltd and Max Spielmann (two trading units)
A rare freehold retail investment on Ripley’s main pedestrianised high street, let to household names Superdrug and Max Spielmann. The combined property extends to approximately 4,118 sq ft across two ground-floor trading units with ancillary first-floor accommodation, offering immediate rental income and prominent shopfront presence for strong daytime footfall.
The asset suits an investor seeking a hands-off income with national occupiers in place. The current passing rent is £28,500 per annum and the site benefits from a large overall footprint and flexible internal layouts that could support alternative merchandising or back-of-house improvements. The adjoining single-storey flat-roof extension increases floor area but should be inspected for ongoing maintenance requirements.
Buyers should note notable local challenges: the area is classified as deprived and recorded crime levels are very high, which can affect long-term footfall and tenant risk. Practical considerations include average broadband, excellent mobile signal, and the property’s mixed roof construction (pitched front with flat rear) that may incur future repair costs.
Overall this is a straightforward freehold retail investment with national tenants and main-street visibility. It will appeal to investors prioritising secure, income-producing retail stock who are comfortable managing location-specific socio-economic and maintenance factors.
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