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Newsletter

Autumn/Winter 2015/2016

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New Optimism in Commercial Sector

 

As the year comes to a close we are pleased to highlight some of our new instructions in Suffolk and Norfolk. There is a new optimism across the commercial sector with exciting developments in Ipswich and across East Anglia and we expect 2016 to be busy.

 

We would like to thank all our new and existing clients for their business in 2015 from all the team Vanessa, Paul, Beverley, Tracy, Mike and Wendy.

 

We wish you a Merry Christmas and a prosperous new year.

 

Vanessa Penn, Director

Featured Items

Harris Business Park

Works begins at Harris Business Park

Work is about to begin on Estate Road and infrastructure

Ipswich cultural hub

Exciting new Town Quarter for Ipswich

Cultural hub for town approved by Ipswich Borough Council

Ipswich Waterfront

Vibrant prospects for Waterfront

Signs of real activity

Prime Riverside site, Ipswich

Prime Riverside site, Ipswich

For sale free hold in superb location opposite railway station

Commercial Property Management

Commercial Property Management

Landlords and tenants need to get it right from the start

Haven Exchange

Haven Exchange South, Felixstowe

Prominent Office building suitable for alternative uses

Offices Melton Woodbridge

20,000 sq ft Office/Industrial Complex at Melton Woodbridge

Substantial office/R&D laboratories

Offices Town Centre, Ipswich

Town Centre Office for conversion

Approx 2,800 sq ft, suitable for conversion to 4 self contained flats

Latest News Articles

Works begins at Harris Business Park

Saint Vincent Holdings owns the 18.5 acre Harris Business Park on Hadleigh Road where work is about to commence. Two anchor tenants have agreed heads of terms. Plot 1 will comprise 10 industrial starter units of 1,000 sq ft and Plot 2 will accommodate larger units up to 25,000 sq ft available leasehold or freehold with starting rents from £9 per sq ft pa exclusive. The developers took a long term view on the site, but believe the time is right now and there will be a mix of industrial, warehouse and trade counters. Serviced plots are also available.

Exciting new Town Quarter for Ipswich

An exciting proposal for the redevelopment of Ipswich Town Centre on behalf of Charterhouse Investments LLP has now been approved by Ipswich Borough Council. The idea is to create Theatre Square infront of the New Wolsey Theatre to create a cultural hub for the town. The parking off Blackhorse Lane will be upgraded. See more here

Vibrant prospects for Waterfront

On the Ipswich waterfront, which has been a tale of mixed fortunes for years, there are signs of real activity. Following the letting of Investec sites to Bears Bowling and Harpers Furniture, we are working towards the redevelopment of the Silo site and adjoining car park. And there’s interest from national retailers in the 1.7 acre Merchant Quarter land, a joint venture with Equity Land Ltd for a mix of commercial and 53 private apartments with car parking. There’s also interest in the derelict corner site closest to Stoke Bridge and there is a real prospect of the “Wine Rack” being developed by its buyer, John Howard.The new Ipswich Vision highlighted the need to develop this important area of the town and developments like these could be central to a very exciting change of direction for the town.

Prime Riverside site, Ipswich

For sale free hold in superb location opposite railway station. We are pleased to offer this prime development site, with planning consent for a 106 bedroom hotel or would suit other uses subject to planning. If you’d like to find out more, then call Vanessa Penn at our office on 01473 211933 or email vanessa@penncommercial.co.uk.

Commercial Property Management

There’s a lot more demand for commercial property, but at the same time, there’s quite a lot available. It’s a leftover from tougher times. It means that tenants can afford to be very picky. They might have more money in their pockets, but having gone through tough times they want to spend it wisely. They’re unwilling to choose – or remain in – badly maintained or neglected sites. It’s where professional property management comes into its own. It’s a growing side of our business. Our own Paul Keen has grown a large portfolio of commercial properties and those under his care are really in demand. For example, Three Rivers, is fully let with a waiting list. Only two years ago it was only 20 percent let... and the existing tenants weren’t happy to boot! Paul also manages a number of properties on behalf of a private company in Clacton in Essex, to add to a list of Ipswich, Woodbridge & Hadleigh properties. He says: “There may be more potential tenants, but there’s no room for complacency. Under professional management, any property is a better proposition, no matter where it is. “We’ve our own list of professional services and fully-vetted contractors that we can call upon, for everything from maintenance to cleaning to landscaping. They share our attention to detail and that’s something that’s important to everyone. “It all comes down to getting to grips with the issues that matter: good communication and quick response. That’s what really makes the difference and keeps tenants happy.”

Haven Exchange South, Felixstowe

A prominent office building suitable for alternative uses is now available in Felixstowe adjacent to a proposed food store. The site is 0.34 Acre and would suit, restaurant, cafe, petrol filling station or potentially a drive thru cafe subject to planning. Alternatively the offices would make an ideal headquarters building for an owner occupier as it is constructed to an excellent specification.

20,000 sq ft Office/Industrial Complex at Melton Woodbridge

Substantial office/R&D laboratories and storage on a site of 1.26 acres is now available to let with excellent car parking. The two buildings comprise 6,000 sq ft and 11,840 sq ft and are in good decorative order throughout. The site may also be suitable for alternative uses subject to planning i.e. medical, carehome, mixed use STPP.

Town Centre Office for conversion

Approx 2,800 sq ft, with planning permission for 4 self contained flats. We are also offering a modern two storey office building at Kirkley, Lowestoft on a prominent corner location opposite the retail park of approx 4,276 sq ft to let at £12 per sq ft with 40 car parking spaces. The offices are air conditioned and offer modern accommodation.

We recommend our Penn Affiliate business partners

We recommend that our applicants and clients use our Penn Affiliate business partners for their property needs. The benefits of Membership of our Penn Affiliates B2B Club include: Direct & Digital marketing to approx 250 of our customers each month and exclusive recommendation by our agents to our customers; advertising is hosted at www.penncommercial.co.uk/affiliates & ipswichpropertyservices.co.uk. We would also like to welcome our latest affiliate Kingsfleet Wealth, independent financial advisers. If you’d like to join or find out more, then call Wendy at our office or email wendy@penncommercial.co.uk.

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