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For Rent£15,000.00 Per Annum

14-20, Fore Street, Ipswich, IP4 1JU

Restaurants/Cafes, Retail - High Street, Licensed & Leisure, Retail , 201 Sq M
Property type: Restaurants/Cafes, Retail - High Street, Licensed & Leisure, Retail
Tenure: To Let
Size: 201 Sq M
Rent: £15,000.00 Per Annum
Location: 14-20, Fore Street, Ipswich, IP4 1JU
To Let

Prominent Restaurant Premises

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 of Colchester.
The property is situated to the south east of the town centre, on the west side of Fore Street. Neighbouring occupiers include various restaurants and specialist retailers.

Description
The property comprises a prominent self-contained restaurant/retail premises arranged over ground and basement levels. The ground floor comprises a large open plan seating area with customer WCs and a small partitioned store room. The basement contains a large commercial kitchen together with additional storage.
The ground floor is fitted with fluorescent spot lighting, gas fired central heating and wooden flooring. The premises benefit from a long glazed frontage onto Fore Street and a short return frontage onto Lower Orwell Street.

Accommodation
The premises provide the following approximate net internal floor areas:
Ground Floor: Restaurant 114.24 sq m (1,230 sq ft) WCs -- -- 114.24 sq m (1,230 sq ft)
Basement: Kitchen 22.95 sq m ( 247 sq ft) Stores 63.50 sq m ( 684 sq ft) 86.45 sq m ( 931 sq ft)
Total net internal floor area 200.68 sq m (2,161 sq ft)

Services
We understand that the property is connected to mains electricity, water, gas 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: £15,000 Rates Payable (2019/20): £7,365 per annum

Planning
We understand the premises have previously been used for A3 (restaurant) use. The property is suitable for alternative uses, subject to planning. Interested parties should make their own enquiries with the local planning authority.

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

Terms
The premises are available by an assignment of the exisiting lease which commenced on 26th March 2018 for a period of 10 years, at a rent of £15,000 per annum. The lease contains provisions for a mid terms rent review. Consideration may also be given to granting a new sublease.
The VAT position to be confirmed.

Legal Costs
Each party to be responsible for their own legal costs.
( Agency Pilot Software Ref: 14868961 )
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