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AGENT'S DETAILS


110 Handford Road, Ipswich, Suffolk

For sale: £495,000.00|To rent: £37,000.00 Per Annum|3342 Sq Ft|Leisure Property, Restaurants/Cafes, Retail - High Street, Retail - Out of Town, Shopping Centre Unit, Licensed & Leisure, Retail

PROPERTY DETAILS

FOR SALE£495,000.00
TO RENT£37,000.00 Per Annum
SIZE3342 Sq Ft
ADDRESS110 Handford Road, Ipswich, Suffolk
TYPELeisure Property, Restaurants/Cafes, Retail - High Street, Retail - Out of Town, Shopping Centre Unit, Licensed & Leisure, Retail
TENURETo Let, For Sale Freehold
POSTED ON2nd November 2020

DESCRIPTION

Location
Ipswich is the county town of Suffolk with a resident population of approximately 140,000 and a shopping catchment of about 365,000. The town is situated 70 miles north east of central London, 43 miles south of Norwich and 18 miles north east of Colchester.

The property occupies a prominent position on the north side of Handford Road, on the principal arterial route into the town centre from the A14/A12 Copdock intersection. Other nearby occupiers include Lidl, Vets4Pets, Next, Halfords, Burger King and Starbucks. The towns inner ring road is within close proximity to the property and the town centre is within a short walk.

Description
The property comprises a purpose built food store, built in 2015.

The building is of brick/blockwork construction, the front area being of two storey height under a pitched tiled roof, the rear section being under a flat roof. The property has an aluminium glazed shop front incorporating double automatic doors.

The front retail area is currently partitioned and is fitted with suspended ceiling incorporating recessed lighting and having a variety of floor coverings.

The rear part of the building comprises a warehouse area with service entrance, ancillary accommodation including office, kitchen, disabled wc, store and plant room together with former commercial fridge and freezer. This area is fitted with fluorescent lighting and the whole building benefits from air conditioning.

Externally the forecourt area is block paved and a security gate leads into an enclosed surfaced yard, currently marked out to provide 4 parking spaces and loading area but with potential to provide up to about 10 parking spaces.

Accommodation
The property provides the following approximate floor areas and dimensions:-

Retail2,087 sq ft (193.89 sq m)
Stores 948 sq ft ( 88.10 sq m)
Store cupboard 51 sq ft( 4.72 sq m)
Office 97 sq ft( 9.00 sq m)
Kitchen 82 sq ft ( 7.57 sq m)
Plant room 77 sq ft ( 7.19 sq m)
Disabled wc � �
Total 3,342 sq ft (310.47 sq m)

Gross frontage 14.60 metres
Maximum Internal Width 13.60 metres
Depth of Retail Area14.30 metres
Built Depth27.80 metres

Services
The property is understood to be connected to mains electricity, water and drainage.

We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

Planning
Planning permission for the original development of the property was originally granted in May 2014 (IP/14/00218/FUL). The property was originally built as a convenience store and has most recently been used for the sale of stone masonry products.

The planning permission includes a number of conditions relating to the permitted hours for deliveries, opening hours etc. A copy is available upon request.

The property offers potential for the installation of a first floor over the retail area, subject to planning. The current planning permission limits any additional floor space beyond that originally approved.

Business Rates
The property is assessed as follows:
Shop and Premises
Rateable Value:£54,500
Rates Payable (2020/21)£27,904 per annum
Local Authority
Ipswich Borough Council
Grafton House
15-17 Russell Road
Ipswich
Suffolk
IP1 2DE

Telephone: 01473 432000.

Restricted Covenant
In the event of a sale of the property a restrictive covenant will be imposed by the vendor preventing the premises from being used as a food store or funeral parlour.

Terms
Offers are invited in the region of £495,000 for the freehold interest with vacant possession upon completion.

Alternatively, the premises are available on a new FRI business lease on terms to be agreed and at an initial rent of £37,000 per annum.

VAT?

Energy Performance Certificate Rating - B (29)
( Agency Pilot Software Ref: 14869424 )

LOCATION

Location: 110 Handford Road, Ipswich, Suffolk

Ipswich (0.5 miles)

Derby Road (1.9 miles)

Westerfield (1.9 miles)

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