This freehold investment opportunity presents an intriguing prospect in Ripley's town centre, combining commercial and residential elements across two adjoining properties. The ground floor is currently occupied by a restaurant, secured under a long lease until 2031, which provides a stable annual income of £15,600. Additionally, there is an outbuilding that generates a further £1,200 annually. With an upcoming rent review in April 2026, potential for increased rental income aligns well with current market conditions.
The first floor offers significant residential potential but will require modernization to reach contemporary living standards. This space could be transformed into two self-contained flats—subject to planning approval—each with the potential to yield over £2,000 per month in rental income once refurbished or retained as one large flat anticipated to generate around £1,000 per month. This flexibility allows investors to optimize their returns on this dual-purpose asset.
Located in the heart of Ripley, the property benefits from strong foot traffic and local amenities while being well-connected to Derby and Nottingham. The demand for residential rentals remains robust in this area due to its community-centric atmosphere and accessibility. With significant income already established and further growth opportunities through refurbishment and development, this property stands out as a valuable addition for any investor looking to combine commercial success with residential enhancement.
