No longer on the market
This property is no longer on the market
MapOffice
Let agreed
Office
1161
Features and description
Prominent office building in Stowmarket town centre. NIA extending to approx. 107.84 sqm (1,161 sqft). The current business is unaffected.
LOCATION
The property is located in a prominent position in Stowmarket town centre. Nearby occupiers include TSB Bank, Nationwide Building Society, Superdrug, Peacocks and Subway. Stowmarket benefits from convenient access to the A14 and has a mainline railway station with London Liverpool Street approximately 1 h 26 minutes.
DESCRIPTION
5 Market Place is a mid terrace property with accommodation arranged over two floors. On the ground floor there is a meeting room, two offices, kitchen, WC and store. On the first floor there are three offices, kitchen, WC, printer area and store. The office spaces are in good decorative order with LED lighting. The property also benefits from a courtyard garden.
ACCOMMODATION
The premises offers approximate net internal floor areas:
Ground Floor
Meeting Room 16.43 sqm 177 sqft
Office 1 27.12 sqm 292 sqft
Office 2 6.57 sqm 71 sqft
Kitchen 2.40 sqm 26 sqft
Store 1.45 sqm 16 sqft
First Floor
Office 3 18.18 sqm 196 sqft
Office 4 10.32 sqm 111 sqft
Office 5 16.42 sqm 177 sqft
Kitchen 5.83 sqm 63 sqft
Printer Area 2.42 sqm 26 sqft
Store 0.7 sqm 6 sqft
Total Net Internal Area: 107.84 sqm 1,161 sqft
RENT AND AVAILABILITY
5 Market Place £12,500 pa - April 2024
LEASE TERMS
The property is available on a new full repairing and insuring lease.
DEPOSIT
Three months’ rent.
VAT
No VAT.
SERVICES
Mains water, drainage, gas and electricity.
ENERGY PERFORMANCE CERTIFICATE (EPC)
Energy rating: ‘E’ (121)
BUSINESS RATES
Rateable Value: £8,500 RV 2023
Payable Rates: £4,241.50 per annum
The rates payable are based on the current UBR of £0.499. Small business rates relief may be available providing up to 100% exemption. All interested parties should make their own enquiries with Mid Suffolk District Council regarding their rates liability.
PLANNING
The property is Grade II listed and within the conservation area. We assume that the property has planning consent for Class E (office) use by virtue of its previous use. The property may be suitable for a variety uses under Class E including: retail, restaurant, sports and recreation, medical and health services, creche and day nursery and research & developments. All interested should make their own enquiries with Mid Suffolk District Council regarding the intended use.
LOCAL AUTHORITY
Mid Suffolk District Council, Endeavour House, 8 Russell Rd, Ipswich IP1 2BX.
COSTS
Each party will bear their own legal costs for entering a new lease.
AGENT’S NOTE
The current business is unaffected. We understand they are relocating to new premises.
VIEWING AND FURTHER INFORMATION
Strictly by appointment only. To arrange a viewing or for further information please see attached property particulars.
LOCATION
The property is located in a prominent position in Stowmarket town centre. Nearby occupiers include TSB Bank, Nationwide Building Society, Superdrug, Peacocks and Subway. Stowmarket benefits from convenient access to the A14 and has a mainline railway station with London Liverpool Street approximately 1 h 26 minutes.
DESCRIPTION
5 Market Place is a mid terrace property with accommodation arranged over two floors. On the ground floor there is a meeting room, two offices, kitchen, WC and store. On the first floor there are three offices, kitchen, WC, printer area and store. The office spaces are in good decorative order with LED lighting. The property also benefits from a courtyard garden.
ACCOMMODATION
The premises offers approximate net internal floor areas:
Ground Floor
Meeting Room 16.43 sqm 177 sqft
Office 1 27.12 sqm 292 sqft
Office 2 6.57 sqm 71 sqft
Kitchen 2.40 sqm 26 sqft
Store 1.45 sqm 16 sqft
First Floor
Office 3 18.18 sqm 196 sqft
Office 4 10.32 sqm 111 sqft
Office 5 16.42 sqm 177 sqft
Kitchen 5.83 sqm 63 sqft
Printer Area 2.42 sqm 26 sqft
Store 0.7 sqm 6 sqft
Total Net Internal Area: 107.84 sqm 1,161 sqft
RENT AND AVAILABILITY
5 Market Place £12,500 pa - April 2024
LEASE TERMS
The property is available on a new full repairing and insuring lease.
DEPOSIT
Three months’ rent.
VAT
No VAT.
SERVICES
Mains water, drainage, gas and electricity.
ENERGY PERFORMANCE CERTIFICATE (EPC)
Energy rating: ‘E’ (121)
BUSINESS RATES
Rateable Value: £8,500 RV 2023
Payable Rates: £4,241.50 per annum
The rates payable are based on the current UBR of £0.499. Small business rates relief may be available providing up to 100% exemption. All interested parties should make their own enquiries with Mid Suffolk District Council regarding their rates liability.
PLANNING
The property is Grade II listed and within the conservation area. We assume that the property has planning consent for Class E (office) use by virtue of its previous use. The property may be suitable for a variety uses under Class E including: retail, restaurant, sports and recreation, medical and health services, creche and day nursery and research & developments. All interested should make their own enquiries with Mid Suffolk District Council regarding the intended use.
LOCAL AUTHORITY
Mid Suffolk District Council, Endeavour House, 8 Russell Rd, Ipswich IP1 2BX.
COSTS
Each party will bear their own legal costs for entering a new lease.
AGENT’S NOTE
The current business is unaffected. We understand they are relocating to new premises.
VIEWING AND FURTHER INFORMATION
Strictly by appointment only. To arrange a viewing or for further information please see attached property particulars.
Property information from this agent
About this agent
Lacy Scott & Knight is a long-established and independent partnership of chartered surveyors, valuers, property agents and auctioneers, operating across East Anglia from offices in Bury St Edmunds and Stowmarket.We were formed by the merger of two long-standing Suffolk businesses, Lacy Scott of Bury St Edmunds and RC Knight & Sons of Stowmarket, both established in the 1800s. The two companies developed strong links with the local community, each running a livestock market in their respective town. Lacy Scott & Knight is a Limited Liability Partnership. Since the merger in 1997, we have gone from strength to strength, and today we offer a wide range of professional services covering: Residential, agricultural and commercial property Auction sales of fine art, chattels, toys and models and machinery Property surveys and valuations Advice on development, land and other property-related matters As members of a number of professional institutions, including the Royal Institution of Chartered Surveyors (RICS), the Central Association of Agricultural Valuers (CAAV), the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (ARLA), we adhere to the highest professional standards while offering an exceptional personalised service. We remain totally independent, which allows us to focus on serving the people of East Anglia.