Summary - 15A, HIGH STREET, RIPLEY DE5 3AA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Guide Price:** £155,000 (reflects a net initial yield of 10.55%)
- **Total Rental Income:** £16,652 per annum from long-term tenants
- **Property Type:** Freehold mixed-use with retail unit on ground floor and residential flat above
- **Location:** Prominent position on Ripley’s High Street, high foot traffic area surrounded by popular retailers
- **Residential Unit:** Features two bedrooms, a bathroom, and separate living/dining area with rear access via fire escape
- **Transport Links:** Excellent public transport options nearby
This impressive mid-terrace Victorian building offers both commercial and residential opportunities, making it an ideal investment for those looking to capitalize on the vibrant market town of Ripley. The ground floor retail space is approximately 1,206 sq ft, presenting a spacious and inviting environment for a retail business, complete with large windows that promise excellent visibility and natural light. The residential flat above, with its two bedrooms and functional layout, provides potential for additional rental income, enhancing the overall investment appeal.
Situated in a bustling high street location, you’ll find a plethora of amenities just steps away, ensuring convenience for both business operations and residential living. While this property is an attractive investment, prospective buyers should be aware of the local area's high crime rate and overall deprivation, factors that may impact long-term profitability and desirability. With an attractive rental yield and the potential for growth through future renovations or developments, this property is a unique opportunity not to be missed! Act quickly to secure this investment gem in a steadily evolving community.
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