Unit 1, 3 and 4, Taylors Mill, Crossley Street, Ripley DE5 3EE

For sale on 31 July 2025
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.
The auction will commence at 09:00.

Ideal investment opportunity to acquire the freehold for three units, all currently trading and bringing in an income of £26,000 per annum, converting to an impressive yield of 13.4% based on the current guide, this is proposed to increase at the end of June 2025.

Unit 1 - Aquaculture shop Being renewed for 15 years, rent will rise to £10,600 plus VAT from 15th June, 5 yearly rent increases capped at 10% etc.
Unit 3 - Drop the beat dance studio 10 year lease from Sept 2024 for £6000 plus VAT annually.
Unit 4 - Indian restaurant 25 year lease from Sept 2013 for £10,000 plus VAT annually.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: B and Awaited

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.