icons_size_white icons_size

Agent's details

8/8A, Orwell Place, Ipswich, Suffolk, IP4

For sale: £325,000.00|1,223 Sq Ft|Retail - High Street, Residential, Retail - High Street, Shopping Centre Unit, Retail

Property details

FOR SALE£325,000.00
SIZE1,223 Sq Ft
ADDRESS8/8A, Orwell Place, Ipswich, Suffolk, IP4
TYPERetail - High Street, Residential, Retail - High Street, Shopping Centre Unit, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON22nd August 2023


Ipswich is the County town of Suffolk with a resident population of approximately 130,000 and a retail catchment of almost 350,000. Ipswich is situated approximately 79 miles north east of Central London, 43 miles south of Norwich and 18 miles north of Colchester.

Orwell Place is situated in the south eastern part of the town centre, occupiers include a variety of independent retailers, restaurants and other businesses. The premises are on the south side of the street close to the junction with Upper Orwell Street and Fore Street.

The NCP Cox Lane and Tacket Street surface car parks are situated in close proximity.

The property comprises an attractive Grade II Listed, mixed use, three storey building with basement and is of brick construction beneath a pitch tiled roof.

The ground floor comprises a self-contained shop with ancillary accommodation including a kitchen, stores and WC facilities. In addition a basement provides further storage.

The shop benefits from a fully glazed retail frontage and is fitted with fluorescent spot lighting, power and data points and wood floor coverings.

The upper floors comprise two studio apartments and two one bedroom apartments, accessed via a shared entrance off Orwell Place. The one bedroom apartments are arranged off a central corridor and arranged to provide a double bedroom, kitchen, lounge and bathroom. The studio apartments comprise a lounge/bedroom with integral kitchen, bathroom and WC.

A single car parking space is allocated to the rear of the property, accessed from Fore Street.

The property provides the following approximate net internal floor areas and dimensions:

Shop - Ground Floor
Sales Area 378 sq ft ( 35.15 sq m)
Store 1 75 sq ft ( 7.01 sq m)
Store 2 29 sq ft ( 2.66 sq m)
Kitchen 100 sq ft ( 9.29 sq m)

Basement Stores 641 sq ft ( 59.54 sq m)

Total Net Internal Floor Area 1,223 sq ft (113.65 sq m)

Upper Floors (Approximate Max Measurements)
Flat 1 Lounge 4.42 m x 3.94 m
Kitchen 2.43 m x 3.17 m
Bedroom 3.52 m x 2.86 m
Bathroom 1.44 m x 2.59 m
Hallway 0.87 m x 3.29 m

Flat 2
Lounge/Bedroom/Kitchen 4.14 m x 3.84 m
Bathroom 1.78 m x 2.49 m
Bathroom Cupboard 1.78 m x 0.69 m
Cupboard 0.83 m x 0.76 m
Hallway 0.84 m x 2.09 m

Flat 3
Lounge 3.62 m x 4.46 m
Bedroom 3.43 m x 2.87 m
Kitchen 2.72 m x 3.23 m
Bathroom 1.48 m x 2.49 m
Bathroom Cupboard 1.48 m x 0.53 m
Hallway 1.18 m x 3.20 m

Flat 4
Lounge/Bedroom/Kitchen 4.12 m x 3.85 m
Bathroom 2.47 m x 2.48 m
Bathroom Cupboard 2.47 m x 0.57 m
Cupboard 0.83 m x 0.76 m
Hallway 0.87 m x 2.07 m

We understand that mains electricity, water and drainage are connected. The shop and flats are separately metered for electricity and water.

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

Business Rates and Council Tax
The property is assessed as follows:

Retail Unit - (ground floor and basement)
Rateable Value: £6,200
Rates Payable (2023/24): £3,093.80

All interested parties should make their own enquiries with the local authority in order to verify the rates liability.

The apartments all fall within Council Tax Band A.

Retail Unit (ground floor and basement) - Vacant Estimated Rental Value: £8,500 per annum exclusive
Flat 1- Let on an AST at a rent of £520 pcm
Flat 2 - Let on an AST at a rent of £370 pcm
Flat 3 - Let on an AST at a rent of £595 pcm
Flat 4 - Let on an AST at a rent of £410 pcm

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

Tel: 01473 432000

Energy Performance Certificates
Retail Shop - D (83) ref 2100-3358-5070-8102-1921
Flat 1 - E (54) ref 9920-2187-0303-1002-1743
Flat 2 D (57) ref 9115-2117-7002-0328-9302
Flat 3 - E (52) ref 8774-7327-2620-0114-4926
Flat 4 - E (53) ref 8804-6522-9289-5677-0906

Offers are invited in the region of £325,000 for the freehold interest, subject to the existing tenancies.

The property is not elected for VAT.

Legal Costs
Each party is to be responsible for their own legal costs.
( Agency Pilot Software ref: 14867098 )


Location: 8/8A, Orwell Place, Ipswich, Suffolk, IP4

Ipswich (0.7 miles)

Derby Road (1.1 miles)

Westerfield (1.8 miles)

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