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  • Site area approx 0.04 hectare (0.1 acre)
  • Ground floor lock-up shop producing £5,200 pax
  • First floor 2 bedroom flat producing £4,800 pax
  • Rear car park site 13 spaces producing £7,020 pax
  • For sale freehold £325,000 subject to the existing tenancies
  • Would suit residential redevelopment s.T.P.P.
  • East Ipswich location close to town centre

Full Description

Freehold investment / development opportunity for sale - Ground floor lock up shop, first floor 2 bed flat & rear car park site with 13 spaces

Situation
The premises are prominently located on one of the main routes into Ipswich town centre, to the east of the town. The premises are within short walking distance of the main town centre sitting between the Bond Street and Orchard Street junctions on St Helens Street, opposite the former county council buildings which are due to be redeveloped.

Description
This fully let investment property comprises a ground floor shop with a first floor 2 bedroom flat, and 13 space car park site to the rear.

The property would be suitable for residential redevelopment for either terraced houses or flats subject to planning.

Accommodation (All dimensions and areas approximate)
Ground Floor Shop 41.9 sq m 451 sq ft

Tenure and Tenancies
The ground floor shop is currently let on a 6 year lease from June 2018 at a rent of £5,200 per annum exclusive. The first floor flat is currently let on an asht at £4,800 per annum. The rear car park site has 13 spaces and currently produces £7,020 per annum. The total rental income is currently £17,020 per annum.

Price
The freehold interest of the whole property is available for sale at a price of £325,000 subject to the existing tenancies.




Viewing
Please contact us on 01473 211933 if you wish to arrange a viewing appointment for this property, or require further information.

Energy Performance Certificate
Click here to view the Energy Efficiency Rating and Environmental Impact Rating for this property.


Disclaimer
Penn Commercial endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.

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