Summary - 1 Jubilee House, Nottingham Road, RIPLEY DE5 3DJ
1 bed 1 bath Commercial Property
**Standout Features:**
- Prominent town center corner location
- Fully let mixed-use investment: ground floor retail and 4 self-contained apartments
- Producing annual income of £41,064
- Freehold ownership
- Attractive guide price of £425,000 with a net initial yield of 9.26%
- Well-known tenant: United Carpets with a lease until March 2026
- Large overall size of 4,947 sq ft, enhancing investment flexibility
**Potential Downsides:**
- Very high local crime rate
- Maintenance consideration for older Edwardian architecture
Discover an exceptional investment opportunity in the heart of Ripley! This substantial mixed-use property features a fully let ground floor retail unit and four self-contained apartments with a combined annual income of £41,064, making it a highly attractive proposition for investors. Located prominently in the bustling town center, the property boasts significant foot traffic and is surrounded by notable businesses, enhancing its visibility and potential rental appeal.
With an impressive net initial yield of 9.26%, this freehold investment is priced at £425,000, presenting a rare chance to secure a substantial asset in a growing market area. The well-known tenant, United Carpets, occupies the retail space through March 2026, providing reliable cash flow while you explore possible future renovations or upgrades in the upper apartments.
While the property is solidly occupied, prospective buyers should be aware of the very high local crime rate and be prepared for any necessary maintenance of the historic Edwardian features. This unique opportunity combines comfort and investment potential in a prime location—don’t miss your chance to add this valuable asset to your portfolio!
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