This property presents a noteworthy freehold investment opportunity in the centre of Ripley, combining both commercial and residential potential across two adjoining properties. The ground floor is currently occupied by a restaurant under a long-term lease that runs until 2031, generating a reliable rental income of £15,600 per year. Additionally, there’s an outbuilding that provides another £1,200 annually. Looking ahead to an upcoming rent review in April 2026 offers the possibility for increased income, making this an attractive time for acquisition.
The first floor offers substantial space that is presently in need of renovation to meet modern residential standards. It holds significant potential for conversion into two self-contained flats (subject to planning approval), which could yield monthly rents exceeding £2,000 once complete. Alternatively, it could be retained as a single spacious flat with expected rental returns around £1,000 per month post-refurbishment. This dual-optional strategy enhances the value proposition for any investor or developer aiming to leverage this existing income-producing asset.
Located on Church Street, this property benefits from high foot traffic and proximity to local amenities within Ripley town centre. The area boasts excellent transport links and community facilities that support both commercial activity and residential appeal. With its current income stream and substantial upside through refurbishment and reconfiguration, this opportunity should not be overlooked by serious investors or developers looking to maximize their return.
