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INVESTMENT OPPORTUNITY FOR SALE

For sale: £2,750,000.00|13,813 Sq Ft|Office, Offices

Property details

FOR SALE£2,750,000.00
SIZE13,813 Sq Ft
ADDRESS40-50 Princes Street, Ipswich, IP1 1RJ
TYPEOffice, Offices
TENUREFreehold, For Sale Freehold, For Sale Freehold
POSTED ON7th October 2021

Description

The premises are on a highly prominent position on the west side of Princes Street, just to the north of Civic Drive/Franciscan Way, thereby affording the property superb visibility when approaching from the south. It is in the heart of the town’s central business district, moments from Cornhill, the prime pedestrianised pitch of Butter Market and the Butter Market Shopping Centre. Directly opposite the property is Norman Foster’s iconic listed Willis Building, a local landmark occupying an island site and recognised for its dark glass facades and almost Pompidou Centre qualities, with the building’s feature plant visible through the glass facades. Other occupiers in the vicinity include Barclays Bank and several national estate agencies and recruitment companies, whilst the town’s leading law firms such as Birketts, Gotelee and Prettys are close by. Ipswich mainline station is approximately 8 minutes walk away, while numerous bus routes operate in the area. Fully let investment for sale at a reduced price of £2.75m. Total rental income £168,850 before incentive, increasing to £175,300 in 2022 and £181,750 in 2023.

Location

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Location: 40-50 Princes Street, Ipswich, IP1 1RJ

Ipswich (0.4 miles)

Derby Road (1.4 miles)

Westerfield (1.9 miles)

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