High Street Retail Property
Attractive town centre retail premises, Ground floor retail unit with basement and first floor accommodation, Nearby occupiers include Sainsbury's, Wilko, Caffe Nero and Greggs
Ipswich is the County town of Suffolk with a resident population of approximately 130,000 and a retail catchment of almost 350,000. The town is situated approximately 79 miles north east of central London, 43 miles south of Norwich and 18 miles north east of Colchester.
The property is situated within the town centre on the east side of Upper Brook Street close to the Tacket Street junction. Upper Brook Street forms part of the secondary retail district and is within a short walking distance of the prime retail district of Tavern Street. Nearby occupiers include Sainsbury's, Wilko, Greggs, Caff Nero, Costa Coffee and Boots Opticians. The town's two main shopping centres, Sailmakers and the Buttermarket, have recently undergone significant redevelopment and both are located within a short walk of the subject property.
A public car park is located behind the premises.
The property comprises a mid-terraced, three storey Grade II Listed building of brick construction with the original building under a pitched tiled roof and the rear extension under a flat roof. The ground floor is currently configured to provide a large open sales area to the front incorporating a disabled access ramp with storage, offices, kitchen and WC facilities located to the rear. The first floor provides additional storage, kitchen and WC facilities. The basement is accessed via a hatch providing further storage.
The ground floor retail area benefits from a glazed retail frontage and is fitted with a suspended ceiling incorporating recessed LED lighting, air-conditioning, carpeting.
We have not inspected the second floor.
The property provides the following approximate net internal floor areas:
Ground Floor Sales: 179.21 sq m ( 1,929 sq ft)
First Floor 62.15 sq m ( 669 sq ft)
Basement 29.04 sq m ( 313 sq ft)
WC - -
Total Net Internal Floor Area 270.40 sq m ( 2,911 sq ft)
*The second floor has not been inspected as there is currently no means of access.
The property is assessed as follows:
Rateable Value: 21,750
Rates Payable (2019/20): 10,679.25 per annum
The rates are based on a UBR for the current year of
0.491 pence in the pound. Small business rate relief
may be available and all interested parties should make
their own enquiries with Ipswich Borough Council.
Ipswich Borough Council
15/17 Russell Road
Telephone: 01473 432000
We understand that the property is connected to mains electricity, water and drainage.
We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility providers in connection with the availability and capacity of all those serving the property, including IT and telecommunication links.
The premises is available to let on a new full repairing and insuring business lease upon terms to be agreed and at an initial rent of 33,000 per annum exclusive.
The rent is subject to VAT.
Both parties to be responsible for their own costs.
Property reference: CP99461331_938596
The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Fenn Wright. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.