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Godkin House, Park Road, Ripley

Godkin House is a converted Victorian Mill of brick construction located in the market town of Ripley. The office accommodation is arranged over ground, first and part second floors with each floor accessed by both stairwell and lift.  There is a single storey section to the rear of the building which is separately accessed and is let to a Day Care Centre operator.

The property benefits from off-street parking for approximately 30 vehicles within a side parking area which can be accessed off Park Road in addition to an open surfaced car park located on the opposite side of the road.

The property is a part-let investment.  The property’s Day Centre element is let to A.Berry Support Services Limited at a rent of £21,000 per annum exclusive, by way of a 10-year and 3-month full repairing and insuring lease which expires in May 2033. The lease is drafted within the security of tenure provisions of the Landlord and Tenant Act 1954 and incorporates an upward only rent review and tenant only option to break from the lease effective May 2028.

Location:
Derby
Accommodation:
Ground Floor (Main Building) 5,984 sq.ft 556.12 sq.m
Ground Floor (Day Centre) 3,956 sq.ft 367.53 sq.m
First Floor (Main Building) 9,702 sq.ft 901.65 sq.m
First Floor (Day Centre) 300 sq.ft 27.89 sq.m
Second Floor 1,878 sq.ft 174.52 sq.m
Total 21,820 sq.ft 2,027.71 sq.m
Price:
Offers in excess of £900,000
VAT:
All figures are exclusive of, but may be subject to VAT
Tenure:

The property is currently held Freehold and will be sold subject to the terms of the existing tenancy agreement

Contact:

Chris Harrison | Charlie Wilkinson