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51 Buttermarket, Ipswich, IP1 1BJ

For sale: £250,000.00|To rent: £22,500.00 Per Annum|2287 Sq Ft|Retail - High Street, Retail

PROPERTY DETAILS

FOR SALE£250,000.00
TO RENT£22,500.00 Per Annum
SIZE2287 Sq Ft
ADDRESS51 Buttermarket, Ipswich, IP1 1BJ
TYPERetail - High Street, Retail
TENURETo Let, For Sale Freehold
POSTED ON17th February 2020

DESCRIPTION

Location
Ipswich is the county town of Suffolk with a resident population of approximately 130,000 and a retail catchment of almost 320,000. 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 the northern side of the Buttermarket within Ipswich town centre. The Buttermarket is pedestrianised and forms part of the town centre retail core.

Nearby occupiers include The Works, Caff� Nero, Boots Opticians, Lakeland and a number of independent retailers. It is understood there are proposals for the former BHS store, situated diagonally opposite to be redeveloped, to house Sports Direct, Flannels and USC.

Description
The property comprises a mid-terraced, three storey building of brick construction with the original building under a pitched roof and a rear single storey extension under a flat roof. The ground floor is configured to provide one large open sales area with a small storage cupboard. The first floor comprises a kitchen, store and WC with the second floor providing three additional store rooms. A basement is accessed via a hatch in the centre of the ground floor providing further storage.

The ground floor retail area benefits from a fully glazed shop front and is fitted with a suspended ceiling incorporating recessed fluorescent lighting, air-conditioning and vinyl floor coverings. The shop is secured with roller shutter doors.

Accommodation
The property provides the following approximate net internal floor areas:
Ground Floor:
Sales Area 890 sq ft ( 82.67 sq m)
Store Cupboard 70 sq ft ( 6.50 sq m

First Floor:
Kitchen/Store 138 sq ft ( 12.83 sq m)
Store 237 sq ft ( 22.05 sq m)
WC -- --
Second Floor Stores 362 sq ft ( 33.59 sq m)
Basement 390 sq ft ( 36.19 sq m)
Total net internal floor area 2,287 sq ft( 193.83 sq m)
Shop Depth:19.84 m
Internal Width: 4.70 m

Business Rates
The property is assessed as follows:
Rateable Value:£22,750
Rates payable (2020/21):£11,352.25 per annum
The rates are based on the provisional UBR for 2020/21 of 0.499p in the pound.

Local Authority
Ipswich Borough Council
Grafton House
15-17 Russell Road
Ipswich
Suffolk IP1 2DE

Telephone: 01473 432000

Services
We understand the property is connected to mains electricity, water and drainage.

We have not tested 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.

Terms
Offers are invited in the region of £250,000 for the freehold interest with vacant possession.

Alternatively the property is available to let on a new full repairing and insuring business lease on terms to be agreed and at an initial rent of £22,500 per annum exclusive.
The property is VAT elected.

Legal Costs
Both parties to be responsible for their own legal costs.

Energy Performance Certificate
E-115


( Agency Pilot Software Ref: 14869231 )

LOCATION

Location: 51 Buttermarket, Ipswich, IP1 1BJ

Ipswich (0.7 miles)

Derby Road (1.2 miles)

Westerfield (1.7 miles)

AGENT'S DETAILS

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