0 Bed Retail Property (high Street) For Sale

The property comprises a ground floor retail unit, along with ancillary accommodation on basement, first and second floors. Internally, the unit has been newly fitted out by the tenant to a high standard in their usual corporate style. In addition, works totalling approximately 40,000 have been undertaken by the Landlord, including: Replacement of roof tiles and flashing / rotten facia Reseal/ repointing of windows Sash window re hung Replacement of glazing to front elevation Gutters cleared Second floor window front elevation made watertight Loose roof tiles replaced Roof valleys cleared of growth build-up A schedule of works is available upon request.

Situation

Located at the heart of Ipswich's busy town centre, Tavern Street is one of the town's main commercial thoroughfares. A vibrant pedestrian friendly street benefitting from consistent footfall throughout the day. The area provides a strong mix of renowned high street retailers and independent stores ensuring it's continued appeal as Ipswich's most popular shopping destination. The subject property occupies a prominent location close to the junction with Dial Lane, which connects Tavern Street to Buttermarket where the new Sports Direct superstore opened towards the end of 2024. The flagship Sports Direct store is ( 2,322 sq m) 25,000sq ft and includes space for brands; usc, Game and Evans Cycles in addition to Sports Direct's sister brand, Flannels. A new Hays Travel store has also recently opened directly opposite the subject property. The Buttermarket Shopping Centre is a 5 minute walk from the subject property. Tenants include tk Maxx, New Look, Wagamama, PureGym plus entertainment venues such as Omniplex Cinema and Superbowl UK. The centre also provides a 370-space car park. Sailmakers Shopping Centre is just to the north on Tavern Street. Totalling some 8,040 sq m (86,500 sq ft), the centre is home to retailers such as Boots, River Island, Morrisons, Poundland and Bodycare.

Accommodation

The property has been measured by bkr Floor Plans and provides the following net internal areas: Net Frontage 7.42 m 24'4" Gross Frontage 7.65 m 25'1" Zone A 43.29 sq m 466 sq ft Zone B 43.11 sq m 464 sq ft Zone C 43.57 sq m 469 sq ft Remainder 94.76 sq m 886 sq ft itza 926 Ground Floor Total 212.28 sq m 2,285 sq ft Basement 112.87 sq m 1,215 sq ft First Floor 133.87 sq m 1,441 sq ft Second Floor 161.09 sq m 1,734 sq ft total 620.11 sq m 6,675 sq ft A set of floor plans is available to download, and the measured survey report will be re-addressed to a purchaser at a cost of 690.00 + VAT.

Location

Ipswich is located approximately 123 km (77 miles) north-east of London, 88 km (55 miles) east of Cambridge, 72 km (45 miles) south of Norwich and 21 km (13 miles) north-west of Felixstowe. The town benefits from good road communications and is located on the A12 which links directly with Junction 28 of the M25 Motorway some 83 km (52 miles) to the south west. The A14 is approximately 0.3 km (0.2 miles) to the east and serves Felixstowe to the south-east and Cambridge and the M11 Motorway to the west. In addition, the town is connected to the national railway network with a fastest journey time to London Liverpool Street of 1 hour 7 minutes. Stansted airport is situated approximately 78 km (49 miles) to the south west via A12 and A120 providing connectivity for business travellers. The University of Suffolk attracts about 7,000 students per annum and has just won the accolade of University of the Year at WhatUni awards. The campus is located on the Ipswich waterfront close to restaurants, cafes and the 300-berth yacht marina.

EPC

The property has an EPC rating of C which is valid until 16th June 2031.

VAT

The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (togc).