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For Sale Retail/Residential Investment

For sale: £100,000.00|349 - 1011 Sq Ft|General Retail, Retail

PROPERTY DETAILS

FOR SALE£100,000.00
SIZE349 - 1011 Sq Ft
ADDRESS44 Norwich Road, Ipswich, IP1 2NJ
TYPEGeneral Retail, Retail
TENUREFreehold, Under Offer, For Sale Freehold, For Sale Freehold
POSTED ON6th August 2020

DESCRIPTION

SITUATION
The property is situated on the town end of Norwich Road close to the junction with South Street. Norwich Road forms part of one of the main routes leading into the town centre from the west side of Ipswich. This part of Ipswich also benefits from being surrounded by a large residential catchment area. Nearby occupiers include Coes, Just A Day Wedding Shop and a number of restaurants.
DESCRIPTION
The premises comprise a mid terrace 2 storey property sandwiched between two Indian restaurants. The ground floor comprises a sales area with laminate flooring, strip lighting, one wall mounted air conditioning unit and a roof lantern with a new flat roofed area at the front of the property. Behind the sales area is a large store and office with WC facilities, shower and rear access and stairs to the residential above. Access from the rear is via South Street.
ACCOMMODATION (all areas are approximate)
Ground Floor Area 61.5 sq m 662 sq ft
Gross Frontage 4.12 m 13 ft 5"
Net Width 3.96 m 13 ft
Sales Depth 10.5 m 34 ft 4"
Built Depth 18.4 m 60 ft 4"
Total Sales Area 41.6 sq m 448 sq ft
Rear Stores 16.9 sq m 182 sq ft
WC/Shower/Wash Basin 3.0 sq m 32 sq ft
First Floor Area 32.4 sq m 349 sq ft
Comprising one bedroom with lounge/diner and small kitchen area
Total Floor Area 93.9 sq m 1,011 sq ft
TENANCY
The property is currently let as The Village Shop on a new 20 year term from 2nd July 2012, expiring 1st July 1932, subject to 3 yearly upward only rent reviews, and with a rolling break every 3 years, at a passing rent of £12,000 per annum exclusive.
PRICE
This investment property is available for sale freehold at offers in the region of £100,000.
ENERGY PERFORMANCE CERTIFICATE
A full copy of the EPC for the ground floor retail unit is available upon request, reference number 0320-0331-1889-2408-6002, rating D79.
VAT
VAT is not applicable on the purchase price.

Currently Under Offer

LOCATION

Location: 44 Norwich Road, Ipswich, IP1 2NJ

Ipswich (0.7 miles)

Westerfield (1.6 miles)

Derby Road (1.8 miles)

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