A freehold commercial investment with established tenant
Situated on the western outskirts of Ipswich is this small industrial unit set within a private section of the estate. The property extends to around 52 sq/m (560 sq/ft) on the ground floor together with 480 sq/ft of mezzanine storage (limited head height). The current tenant, who's business was established in 1998, has been in situ for some 7 years and will have a new 5 year fully repairing and insuring lease with a 3 year tenant only break clause from 1st December 2019 at a rent of £5,000 per annum. With an annual yield of over 7.5% at the low Guide we believe this to be a solid investment and a worthy addition to any portfolio.
Please call the Auctioneer – 01473 558 888.
Energy Efficiency Rating (EPC)
Current Rating D
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Ipswich Borough Council
Attwells Solicitors LLP, Sun Buildings, 35-37 Princes Street, Ipswich, IP1 1PU, Ref: Tanya Warnes, Tel: 01473 229857
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 inc 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.