Commercial building set over three floors in Ipswich Town Centre.

Grade II Listed building arranged over three floors with basement storage. The ground floor is let as a restaurant, while the first and second floors offer eight vacant offices with a separate entrance from Northgate Street. The offices have been refurbished with new carpets, decoration, LED lighting, gas central heating, a fitted kitchen and WCs. The upper floors offer potential for redevelopment (subject to planning permission) or immediate occupation, either together or separately. The property is generally in good condition but would benefit from some modernisation.

Tenure

Freehold

Business Rates

Basement: Rateable Value £1,975 Ground Floor: Rateable Value £11,500 1st Floor: Rateable Value £8,300 2nd Floor: Rateable Value £5,300. As the property is Grade II Listed, empty rates will not be payable. All interested parties should contact Ipswich Borough Council on 01473 433851.

Ground floor restaurant

Let on a 10-year lease from August 2021 at a rent of £12,000 per annum exclusive. 149.66 sq m / 1,611 sq ft

First and second floor

1st Floor: 111.75 sq m / 1,203 sq ft 2nd Floor: 96.07 sq m / 1,034 sq ft

Location

Situated on Northgate Street in the town centre, the property is within easy walking distance of the County Library, main shopping streets of Tavern Street and Westgate Street, local amenities and public car parks.

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Ipswich Borough Council

Solicitors

Greene & Greene, Ref: Julia Cardy, Tel: 01284717450

Additional Fees

Buyer's Premium - £1500 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.