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AGENT'S DETAILS


Ipswich – Leasehold Shop Investment

For sale: £160,000.00|1178 Sq Ft|General Retail, Retail - Out of Town, Retail

PROPERTY DETAILS

FOR SALE£160,000.00
SIZE1178 Sq Ft
ADDRESS33 Compair Crescent, Ipswich, Suffolk IP2 0EH
TYPEGeneral Retail, Retail - Out of Town, Retail
TENUREFor Sale Leasehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
Comprises ground floor convenience store of a modern apartment block on the banks of the River Orwell.
Leasehold. Held on a lease for a term of 125 years from 24th June 2007 at a fixed ground rent of a peppercorn.
VAT is applicable to this property.
Occupiers nearby include Pentahotel, Suzuki, DW Fitness Clubs, Inter Sport, Stellisons Electronics, Matalan and amongst other local traders and residential neighbourhood.

Property Description:
The property is arranged as a ground floor convenience store of a modern apartment block on the banks of the River Orwell.

The property provides the following accommodation and dimensions:
No. 33/35 (Ground Floor Shop): 109.43 sq m (1,178 sq ft)

Tenancy:
The shop is at present let to an Individual t/a Cost Price for a term of 10 years from 18th March 2014 at a current rent of £13,500 per annum and the lease contains full repairing and insuring covenants.

Tenure:
Leasehold. Held on a lease for a term of 125 years from 24th June 2007 at a fixed ground rent of a peppercorn.

Location:
Situated on the ground floor of a modern apartment block on the banks of the River. The property is situated approximately 0.3 miles from Ipswich mainline railway station. Ipswich is a historic county town in Suffolk, England. The town is located in East Anglia about 10 miles away from the mouth of the River Orwell and the North Sea. Ipswich is both on the Great Eastern Main Line railway and the A12 road, it is 66 miles (106 km) north-east of London, 54 miles (89 km) east-southeast of Cambridge, and 45 miles (72 km) south of Norwich.

LOCATION

Location: 33 Compair Crescent, Ipswich, Suffolk IP2 0EH

Ipswich (0.2 miles)

Derby Road (1.8 miles)

Westerfield (2.3 miles)

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