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Penn Commercial has assisted in the successful freehold sale of the former Grimwades building in Ipswich's Westgate Street to Ipswich Borough Council.
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Farmers with under-utilised agricultural buildings are often in an ideal position to diversify into commercial property. With the shortage of storage space close to the Port of Felixstowe and the Sizewell C nuclear scheme gaining momentum, Suffolk is experiencing increasing demand for land and industrial units.
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Penn Commercial has arranged the successful letting of Ipswich’s 19 Tavern Street, the former GAME store, to Hays Travel, who will be relocating from a few doors down, on behalf of a long-standing client, for a 10-year term.
Extensive renovations have been under way at the prestigious town centre property, which will comprise a ground floor retail space and new residential uppers.
Rachael Jackson of Penn Commercial said:
"Congratulations to the Hays Travel team and we wish them all the best settling into their new offices, which are located on a prominent crossroads along the main town centre throughfare.
"Thanks also to Toby Kramers of Penn Affiliate Partner, Ellisons Solicitors, for helping us to push the transaction through."
Photo caption: Penn Commercial has arranged the successful letting of Ipswich’s 19 Tavern Street - the former GAME store - to Hays Travel, on behalf of a long-standing client, for a 10-year term. [CREDIT: Penn Commercial]
ENDS
Notes to Editors:
Penn Commercial was established by Vanessa Penn in 2007 and celebrated its 15th anniversary in 2022. The agency provides a personal and dedicated service, with over 80 years’ combined property experience in East Anglia.
Reinforced by unrivalled local knowledge across all commercial property sectors, including retail, business space, logistics, warehousing, industrial, land, investment and development, Penn Commercial acts for a range of private and public sector clients.
The Penn team has been based at Fox’s Marina in Ipswich since 2009.
For any media enquiries, please contact:
Rachael Jackson, Penn Commercial
T: 01473 211933 / 07471 083167
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
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Penn Commercial has arranged the successful freehold sale of Suffolk House to Fuchsia Homecare, on behalf of the Ipswich Deaf Society.
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With nearly 20 years' experience of agency and management across all commercial property sectors - office, retail, industrial and land - Penn Commercial is ideally-positioned to offer a suite of professional services to negotiate the best deals for Landlords across their property portfolios, and to work with Tenants to reach optimal outcomes for all parties involved.