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.
The property comprises a two-storey building of masonry construction with a glazed front elevation. The ground floor consists of an open retail area to the front with ancillary rear store rooms and WC facilities. The first floor provides a large open area together with two further ancillary rooms .
The premises are fitted with LED spot lighting, electric heating and a tiled floor covering.
The property is capable of being split on a floor by floor basis.
The property provides the following approximate net internal floor areas:
Sales Area 441 sq ft ( 40.96 sq m)
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)
Sales Area 401 sq ft ( 37.25 sq m)
Office 1 126 sq ft ( 11.70 sq m)
Office 296 sq ft ( 8.96 sq m)
Store 431 sq ft( 2.90 sq m)
Total Net Internal Floor Area 1,183 sq ft (109.93 sq m)
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.
The property is assessed as follows:
Rates Payable (2020/21):£5,988 per annum
The premises are deemed to be suitable for use within Class E of the Town and Country Planning (Use Classes) Order 2020.
All interested parties should make their own enquiries with the local planning authority.
Ipswich Borough Council, Grafton House, 15/17 Russell Road, Ipswich, Suffolk, IP1 2DE
Telephone: 01473 432000
The premises are available to let on a new business lease upon terms to be agreed at an initial rent of £15,000 per annum exclusive.
Alternatively, offers are invited in the region of £199,500 for the freehold interest with vacant possession.
The property is not elected for VAT.
Each party is to be responsible for their own costs.
( Agency Pilot Software Ref: 14868810 )