Industrial development for sale
Property description & features
- Tenure: Leasehold
- Prime Town Centre Location
- Fully Let from January 2024 For 10 Years at a rent of £16,000 pax
- Gross Yield reflecting 10%
- Peppercorn rent with no rent reviews
The ground floor and basement investment is to be sold on a 999 year long lease at a peppercorn rent with no rent reviews.
The total rental income for the shop and basement is £16,000 per annum and the asking price equates to a Gross Initial Yield of 10%.
The property is situated in Ipswich Town Centre on the Buttermarket, close to its junction with Upper Brook Street. Neighbouring retail occupiers include The Works, Caffe Nero, The Tooth Club and Oxfam.
Ipswich is the county town of Suffolk with a population of circa 130,000. The town is situated approximately 80 miles north east of London, 43 miles south of Norwich and 18 miles north east of Colchester.
Viewings to be arranged through Hazells Chartered Surveyors on[use Contact Agent Button].
The property is available on a long leasehold interest.
The accommodation comprises the following areas:
VAT is applicable on the purchase price. The vendor would consider a sale via a Transfer of Going Concern meaning that no VAT would be payable.
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on July 15, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 15, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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