icons_size_white icons_size

Agent's details

GUIDE PRICE REDUCED TO �2.7M, 15-17 Lower Brook Street, Ipswich, Suffolk , IP4

For sale: £2,700,000.00|To rent: £350,000.00 Per Annum|40,494 Sq Ft|Office, Land, Offices, Commercial Land

Property details

FOR SALE£2,700,000.00
TO RENT£350,000.00 Per Annum
SIZE40,494 Sq Ft
ADDRESSGUIDE PRICE REDUCED TO �2.7M, 15-17 Lower Brook Street, Ipswich, Suffolk , IP4
TYPEOffice, Land, Offices, Commercial Land
TENURETo Let, For Sale Freehold
POSTED ON17th August 2021


Ipswich is the county town of Suffolk with a resident population of approximately 130,000 . The A12 and A14 dual carriageways provide excellent road communications with the national motorway network, London and the Midlands and the town's railway station provides a regular service to London (Liverpool Street) with a journey time of approximately 1 hour.

The premises are situated in the "Saint's Quarter" on the east side of Lower Brook Street. The town centre is immediately to the north, with the waterfront area to the south. The NCP Blackfriars multi-storey car park is situated behind the property and provides parking for 513 vehicles.

The property comprises a substantial detached office building built in the 1970's. The offices are of concrete frame construction with brick elevations under mainly flat roofs. The front part is arranged over three floors, whilst the rear, larger part of the property is arranged over four floors. The two blocks are connected by a central core comprising central stairwell, two passenger lifts and toilet facilities on each level.

The premises have been extensively partitioned to create a series of open plan office areas of varying sizes, meeting rooms, breakout areas and kitchens and indicative floor plans are available upon request.

The general specification includes:

Suspended ceiling incorporating recessed lighting to part/surface mounted lighting to part.
Gas fired central heating.
Air conditioning to part.
Perimeter trunking.

Wheelchair access is provided off Rosemary Lane and a secure rear car park provides parking for approximately 20 vehicles, accessed off Foundation Street.

The premises provide the following approximate floor areas:

Level 1 Front (west) 2,291 sq ft 212.84 sq m
Rear (east) 7,863 sq ft 730.49 sq m
Level 2 Front (west)
(inc reception) 3,288 sq ft 305.46 sq m
Rear (east) 7,899 sq ft 733.84 sq m
Level 3 Front (west) 3,385 sq ft 314.47 sq m
Rear (east) 7,899 sq ft 733.84 sq m
Level 4 Rear (east) 7,869 sq ft 731.05 sq m
Total net internal floor area40,494 sq ft 3,761.99 sq m

Development Potential
Prior Approval was granted on 23rd June 2021 for the conversion of the upper floors to provide 36 one bedroom flats and 13 two bedroom flats (reference IP/21/00449). The scheme allows for the ground floor to be retained unconverted, which could be used for a variety of alternative business uses.

Full details of the planning approval and associated documents are available upon the local authority's website.

Business Rates
The premises are assessed as follows:

Rateable Value£307,500
Rates Payable (2021/22)£157,440 per annum

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

T: 01473 432 000

Energy Performance Certificate Rating
C - 74

Offers are invited in the region of £2,700,000 for the freehold interest with vacant possession upon completion.

Alternatively the premises are available to let on a new full repairing and insuring business lease and at an initial rent of £350,000 per annum exclusive.

The property is VAT elected and the sale price or rent will be subject to VAT.

Legal Costs
Each party to be responsible for their own legal costs.

( Agency Pilot Software Ref: 14869346 )


Location: GUIDE PRICE REDUCED TO �2.7M, 15-17 Lower Brook Street, Ipswich, Suffolk , IP4

Ipswich (0.6 miles)

Derby Road (1.1 miles)

Westerfield (1.9 miles)

What do you think of our website?
Complete our survey and
you could win £1000
Start here