Restek House, Booth Street, Ripley, Derbyshire, DE5 3DN

  • Hybrid office / industrial investment in town centre location
  • Investment opportunity
  • 10 year lease term
  • £40,000 per annum rent
  • Secure car park for 8 vehicles
  • Strong covenant
  • Long term alternative use potential
  • Price: £450,000
  • The property is subject to two separate EPC's as follows: 6A Chapel Street: within Band 'C'. 6B Chapel Street: within Band 'G'

Description

Restek House is a hybrid property divided into two distinct parts, with the front section comprising the ground floor of a 1990’s built three-storey building.

The accommodation provides predominantly office space, and benefits from a suspended ceiling incorporating recessed lighting, and has been fitted with an intruder alarm, CCTV, fire and smoke alarm.

To the rear is a small storeroom, disabled WC, kitchenette and a large storage area being fully racked with a slab-to-slab clear height of 3.6m.

The rear section of the building is accessed via a fenced and gated tarmac-surfaced car park area with space for up to 8 vehicles. Steps lead up to a pedestrian entrance which leads to male/female and disabled WCs and rear kitchenette through to a small office and a boardroom. The remainder of the accommodation comprises the loading bay and warehouse with an eaves height of 3.76m and a manually operated loading door (4.35m x 3.20m).

Floor Area

Front section: 191.78 sq m (2,064 sq ft)
Rear section: 208.66 sq m (2.246 sq ft)
Total: 400.44 sq m (4,310 sq ft)

Viewing Arrangements

By appointment with the sole marketing agents.

Location

Ripley is a popular Derbyshire market town with a resident population of approximately 20,000, positioned at the junction of the A38 and A610, and located approximately 12 miles to the north of Derby and 15 miles north-west of Nottingham.

The subject property is located on the east side of Chapel Street close to its junction with Nottingham Road, directly opposite the entrance to the Lidl Supermarket.

Services

All mains services, with the exception of gas, are evident within the property, but we can provide no warranty with regard to the capacity or connectivity.

Tenure

The property is held under two different Titles; the front section by means of a 999 year ground lease at a peppercorn rental and the rear section freehold.

The property is let to Restek UK Ltd under a full repairing and insuring lease for a term of 10 years without break from January 2021 at a commencing rent of £40,000 per annum.

Restek UK Ltd (company registration number 08590439) is a specialist maintenance company, with a reported total net worth as at July 2020 of £2.318m.

Legal Costs

In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.


To find out more about this property, give us a call on 0115 958 8599