Summary - Grosvenor Road, Ripley, DE5 DE5 3JE
1 bed 1 bath Retail Property (high street)
Three‑storey high‑street retail with parking and refurbishment upside for investors.
- Prime town‑centre trading position on Grosvenor Road
- Three storeys: ground sales, first‑floor offices, second‑floor attic storage
- Large overall plot with five–six rear parking spaces (confirmation pending)
- Freehold; convenient A38/M1 access for wider catchment
- Internal fit-out dated in places; suspended ceilings and LVT flooring
- EPC rating awaited; may affect tenancy/finance terms
- Located in a deprived area with very high recorded crime
- Change of use or major alterations may require planning consent
A prominent three-storey, Victorian high‑street retail unit in the heart of Ripley centre, offered freehold with a guide price of £90,000 plus. The ground floor provides a substantial sales area with rear office and WC, two generous first‑floor offices with kitchen and bathroom, and attic storage on the second floor. The building sits on a very large plot and benefits from off‑street parking to the rear (five–six spaces, confirmation pending) and good road links to the A38 and M1.
This property suits an investor or owner‑occupier seeking an income-producing or redevelopment opportunity in a busy town‑centre location. The internal fit is serviceable — LVT flooring, suspended ceilings with LED lighting and mixed single‑/double‑glazing — but parts will require refurbishment to modern standards. Change of use or significant alterations may need planning consent.
Important considerations: the local area is classified as deprived with very high recorded crime levels, which may affect tenant mix, rental values and insurance costs. The EPC is awaited. There are some lower‑quality fixtures, single‑glazed windows in places and attic rooms accessed by dog‑leg stairs, so expect remedial and compliance works for long‑term letting or conversion.
Taken together, this is a competitively priced town‑centre investment with scope for value‑add refurbishment, tenant repositing, or adaptation subject to planning. Buyers should factor in security, refurbishment, and certification costs when assessing yield and hold strategy.
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