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AGENT'S DETAILS


22 Falcon Street, Ipswich, IP1 1SL

For sale: £199,500.00|1183 Sq Ft|Office, Restaurants/Cafes, Pubs/Bars/Clubs, Retail - High Street, Offices, Licensed & Leisure, Retail

PROPERTY DETAILS

FOR SALE£199,500.00
SIZE1183 Sq Ft
ADDRESS22 Falcon Street, Ipswich, IP1 1SL
TYPEOffice, Restaurants/Cafes, Pubs/Bars/Clubs, Retail - High Street, Offices, Licensed & Leisure, Retail
TENUREFor Sale Freehold
POSTED ON18th May 2020

DESCRIPTION

TOWN CENTRE FREEHOLD INVESTMENT FOR SALE

Location
Ipswich is the County town of Suffolk with a resident
population of approximately 130,000 and a retail
catchment of almost 350,000. The town is situated
approximately 79 miles north east of central London, 43
miles south of Norwich and 18 miles north east of
Colchester.

The property is situated on Falcon Street within the
town centre, close to the newly pedestrianised Queen
Street and St Nicholas Street junction. The town's two
main shopping centres, Sailmakers and the
Buttermarket have undergone significant
redevelopment and both are located within a short walk
of the property.

Nearby occupiers include Revolution, New York
Exchange, Leaders and a number of independent
retailers.

Description
The property comprises a two-storey building of
masonry construction with a glazed front elevation. The
ground floor consists of an open sales area to the front
with ancillary rear store rooms and WC facilities. The
first floor provides a sales area together with a number
of individual rooms currently used as treatment rooms
in association with the current tenants use of the
premises as a beauty salon.

The premises are fitted with LED spot lighting, electric
heating and a tiled floor covering.

Accommodation
The property provides the following approximate net
internal floor areas:
Ground Floor:
Sales Area 441 sq ft ( 40.96 sq m)
WC's----
Store 1 35 sq ft ( 3.29 sq m)
Store 2 35 sq ft ( 3.21 sq m)
Store 3 18 sq ft ( 1.67 sq m)
First Floor:
Treatment Room 1 75 sq ft ( 6.92 sq m)
Treatment Room 2 72 sq ft ( 6.68 sq m)
Treatment Room 3 126 sq ft ( 11.70 sq m)
Treatment Room 4 96 sq ft ( 8.96 sq m)
Store 4 31 sq ft ( 2.90 sq m)
Sales Area 254 sq ft ( 23.63 sq m)
Total 1,183 sq ft (109.93 sq m)

Services
We understand that the property is 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 providers in connection with the
availability and capacity of all those serving the
property, including IT and telecommunication links.

Business Rates
The property is assessed as follows:
Rateable Value:£12,000
Rates Payable (2020/21): £5,988 per annum

Planning
The premises are currently used as a beauty salon, and
prior to this were used as a restaurant (Class A3).

Local Authority
Ipswich Borough Council, Grafton House, 15/17 Russell
Road, Ipswich, Suffolk, IP1 2DE
Telephone: 01473 432000

Tenancy
The property is let to Mr Fry trading as 'Boutique' on a
full repairing and insuring business lease for a term of 3
years from 16th April 2017, at a rent of £15,000 per
annum.

Terms
Offers are invited in the region of £199,500 for the
freehold interest, subject to the current tenancy.
The property is VAT exempt.

Legal Costs
Each party is to be responsible for their own costs.
( Agency Pilot Software Ref: 14868810 )

LOCATION

Location: 22 Falcon Street, Ipswich, IP1 1SL

Ipswich (0.5 miles)

Derby Road (1.3 miles)

Westerfield (1.8 miles)

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