High Street Retail Property for sale

110 Handford Road, Ipswich, Suffolk


OIRO
£495,000
3,342 ft²

Features

  • Enclosed car park/service yard.
  • Potential for additional first floor accommodation, s.t.p.
  • Prominent location on principal arterial road, close to town centre.
  • Suitable for a variety of alternative Class E uses including retail, restaurant, offices, recreation and medical/health uses.

Description

Location

Ipswich is the county town of Suffolk with a resident population of approximately 140,000 and a shopping catchment of about 365,000. The town is situated 70 miles north east of central London, 43 miles south of Norwich and 18 miles north east of Colchester.



The property occupies a prominent position on the north side of Handford Road, on the principal arterial route into the town centre from the A14/A12 Copdock intersection. Other nearby occupiers include Lidl, Vets4Pets, Next, Halfords, Burger King and Starbucks. The towns inner ring road is within close proximity to the property and the town centre is within a short walk.



Description

The property comprises a purpose built food store, built in 2015.



The building is of brick/blockwork construction, the front area being of two storey height under a pitched tiled roof, the rear section being under a flat roof. The property has an aluminium glazed shop front incorporating double automatic doors.



The front retail area is currently partitioned and is fitted with suspended ceiling incorporating recessed lighting and having a variety of floor coverings.



The rear part of the building comprises a warehouse area with service entrance, ancillary accommodation including office, kitchen, disabled wc, store and plant room together with former commercial fridge and freezer. This area is fitted with fluorescent lighting and the whole building benefits from air conditioning.



Externally the forecourt area is block paved and a security gate leads into an enclosed surfaced yard, currently marked out to provide 4 parking spaces and loading area but with potential to provide up to about 10 parking spaces.



Accommodation

The property provides the following approximate floor areas and dimensions:-



Retail2,087 sq ft (193.89 sq m)

Stores 948 sq ft ( 88.10 sq m)

Store cupboard 51 sq ft( 4.72 sq m)

Office 97 sq ft( 9.00 sq m)

Kitchen 82 sq ft ( 7.57 sq m)

Plant room 77 sq ft ( 7.19 sq m)

Disabled wc

Total 3,342 sq ft (310.47 sq m)



Gross frontage 14.60 metres

Maximum Internal Width 13.60 metres

Depth of Retail Area14.30 metres

Built Depth27.80 metres



Services

The property is understood to be 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 companies in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.



Planning

Planning permission for the original development of the property was originally granted in May 2014 (IP/14/00218/FUL). The property was originally built as a convenience store and has most recently been used for the sale of stone masonry products.



The planning permission includes a number of conditions relating to the permitted hours for deliveries, opening hours etc. A copy is available upon request.



The property offers potential for the installation of a first floor over the retail area, subject to planning. The current planning permission limits any additional floor space beyond that originally approved.



Business Rates

The property is assessed as follows:

Shop & Premises

Rateable Value:54,500

Rates Payable (2020/21)27,904 per annum

Local Authority

Ipswich Borough Council

Grafton House

15-17 Russell Road

Ipswich

Suffolk

IP1 2DE



Telephone: 01473 432000.



Restricted Covenant

In the event of a sale of the property a restrictive covenant will be imposed by the vendor preventing the premises from being used as a food store or funeral parlour.



Terms

Offers are invited in the region of 495,000 for the freehold interest with vacant possession upon completion.



Alternatively, the premises are available on a new FRI business lease on terms to be agreed and at an initial rent of 37,000 per annum.



VAT?



Energy Performance Certificate Rating - B (29)

Categories

High Street Retail Property
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Property reference
CP99461331_14869424FH