Ipswich is the county town of Suffolk with a resident population of approximately 130,000 and a retail catchment of almost 320,000.
The property is situated within a busy pedestrian thoroughfare linking the prime retail area of Tavern Street to the north and Buttermarket to the south. Neighbouring retailers include White Stuff, F.Hinds Jewellers, Timpsons, Proctor's Sausages and Fishface caf�.
Description and Terms
The Walk comprises several retail units in the town centre, situated along a pedestrianised walkway. The units vary in size and specification, with each premises benefiting from a glazed retail frontage.
A copy of the availability and rents can be found in the brochure.
VAT is payable on the rent, service charge and insurance.
Business Rates
The premises are currently assessed as follows:
13 The Walk Rateable Value: £11,250
15 The Walk Rateable Value: £15,000
7 Buttermarket Rateable Value: £15,000
14 Thoroughfare Rateable Value: £4,700
15 - 17 Thoroughfare: to be reassessed
24 Thoroughfare Rateable Value: £14,000
The rates payable will be based on the current standard multiplier of £0.499. All interested parties should make their own enquiries with the local council to verify their rates liability.
Planning
It is assumed that the premises fall within Use Class E which allows for a variety of commercial, business and service uses. All interested parties should make their own enquiries with the local planning authority regarding their intended use.
Services
We understand the premises are connected to main electricity, water and drainage.
We have not tested 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 telecommunications links.
Local Authority
Ipswich Borough Council, Grafton House, 15-17 Russell Road, Ipswich, IP1 2DE
Tel: 01473 432000
Service Charge
A service charge is payable in relation to the upkeep of the common areas of the estate. Further details are available upon request.
Legal Costs
The landlord prepares the leases themselves, the tenant is to contribute to the landlords lease preparation costs to the sum of £250 plus VAT.
Each party will be responsible for their own legal costs.
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