Bond Wolfe celebrates another £1 million plus instruction
Birmingham-based Bond Wolfe is demonstrating its national credentials with another £1 million plus instruction.
Fresh from selling the warehouse and offices occupied by St Austell Brewery on the Mullacott Business Park in Ilfracombe, Devon, the firm has now been appointed to sell Jubilee House, Nottingham Road, Ripley in Derbyshire.
The freehold mixed use town centre investment is on the market for £1.395 million and includes two commercial units with 14 self-contained flats above.
Commercial tenants include Foundry Gym and United Carpets (Property) Ltd and the upper floors contain 9 one bedroom, 3 two bedroom and 2 studio apartments.
The fully let property produces rental of £100,620 per annum, and based on the asking price of £1.395 million, the property offers a net initial yield of 6.8%.
James Mattin, managing director agency of Bond Wolfe, said: “Jubilee House is a substantial mixed use property in the heart of the busy market town of Ripley.
“The property occupies a prominent on Nottingham Road and nearby occupiers include HSBC next door, Lidl, Wetherspoon and Costa Coffee.
“We are anticipating significant demand for this investment in what is currently a very strong market for this type of asset. 2021 has witnessed a significant appetite for mixed use investments as buyers seek to find better returns for their money while spreading the risk among the uncertainty surrounding the pandemic.”
Further details are available at https://www.bondwolfe.com/agency/properties/jubilee-house-nottingham-road-ripley-derbyshire-de5-3dj/ – or by calling 0121 525 0600.
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For further information, please contact:
James Mattin, Managing Director, Agency,
0121 525 0600 or 0121 524 1172, Email: email@example.com
Issued by Andy Skinner, ASAP PR, mobile 07990 978257.
Bond Wolfe is an established commercial property practice based in Birmingham and West Bromwich. Its services include commercial property sales and lettings, auctions, property investment, and development throughout the West Midlands.