Sold After
- Property For Sale
- Tenure: Freehold
Call the team on 01473 558 888 for more information
A substantial town centre property providing a stunning redevelopment/investment opportunity
Situated in the very heart of the town centre is this substantial 4 storey landmark building extending to around 20,000 sq ft and offering a unique redevelopment opportunity together with an immediate income from 2 tenanted retail units. Situated just a few minutes’ walk from the regenerated and vibrant Waterfront with its Marina, hotel, busy public houses and an variety of restaurants, this building offers an array of amenities on its’ doorstep and the opportunity to provide stylish living accommodation with each of the finished units offering a potentially strong residual value or rental yield. The town also offers good road access to London and the Midlands via the A12 and A14 respectively together with mainline rail links to Liverpool Street Station with a travel time of around 70 minutes.
Tenure
Freehold
Under application no. IP/13/00372/FUL, Planning Permission has been granted for conversion to provide 1 studio, 2 x 1 bedroom and 13 x 2 bedroom individual flats as well as 3 ground floor commercial units with A1, A2 and A3 uses. Included within the sale are 2 tenanted shops trading as ‘Peggy’s Place’ and ‘Jeneveve’ which provide an annual yield of £25,200 increasing to £30,000 per annum by January 2020., full lease details can be found in the online Legal Pack. A fabulous opportunity the nature of which only rarely presents itself to the market.
Viewing
By appointment with the Auctioneers - Please call 01473 558888
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Ipswich Borough Council. Tel: 01473 432000
Solicitors
Michael Smith & Co, Clarence House, 21 St Margaret's Green, Ipswich, Suffolk IP4 2BN, Ref: Michael Smith, Tel: 01473 226231
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
