About this property
Key Features
Freehold subject to tenancy
Fully let
Central location
4 storey commercial investment property
Description
A fully-let and well located 4 storey building, having undergone refurbishment approx. 3 years ago, in the heart of Ipswich town centre, which offers buyers an attractive investment opportunity.
The terraced building is of brick construction beneath a pitched slate covered roof, and fronts the pedestrianised part of the town centre, with nearby occupiers including Santander, Costa Coffee, EE, and close to McDonalds.
The accommodation comprises:
Ground Floor: Predominantly open plan retail area with full height shop display window with frontage of 5.1m, with a small store room and outside WC to rear.
Basement: A generous storage area totalling 45.2m² with a maximum ceiling height of 2.19m and minimum of 1.7m.
First floor: A split level Landing gives access to a total of 3 generous Store/Workshop areas and a Cloakroom with modern white WC, wash hand basin and window to rear.
Second floor: A Landing with fitted base unit and stainless steel sink, gives access to 3 further Store/Office rooms.
Gross internal floor area of the property (excluding basement) is 156.06m² (1679ft²).
Outside: There is a very small covered storage area to the rear which is accessed via the ground floor retail area.
Tenure
Freehold subject to tenancy
Location
5 Carr Street lies in the pedestrianised heart of Ipswich town centre and therefore has high levels of passing foot traffic.
VAT
No VAT is payable on the purchase price.
Lot Type
Commercial
Tenancies
The property benefits from a 10 year lease dating from 21st September 2021. The rent rose to £16,000 per annum on the 21st September 2023 until 20th September 2026. The rent then increases to £17,500 for a period from and including 21st September 2026. See legal pack for details.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Alletsons, 8, Castle Street, Bridgwater, Somerset, TA6 3DB
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�