Substantial town centre freehold retail investment property

An opportunity to acquire these two substantial town centre shops currently occupied by established tenants. The premises, which are Grade II listed, extend to a combined area of 740 sq/m (7,972 sq/ft) over basement, ground and first floor retail and storage areas. The current rental income is £40,000 plus VAT for 14-16 Carr Street (Millets) and £15,000 plus VAT for 10-12 Carr Street (Smart Phone) which was amended by a Lease Variation dated 7th November 2019. Carr Street is located in the centre of the county town of Ipswich in a pedestrianised area amongst other major retailers including Santander, Poundland, Costa, Subway and Sports Direct.

Tenure

Freehold

Accommodation

The floor space is split over three levels. Millets currently occupy the Ground and First Floors 415 sq/m and the Smart Phone shop the Ground Floor and Basement 325 sq/m

VAT

Please note VAT is applicable to this Lot

Viewing

Please call the Auctioneer – 01473 558 888.

Energy Efficiency Rating (EPC)

Current Rating D, C

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

Solicitors

BBS Law, First Floor, The Edge, Clowes Street, Manchester, M3 5NA, Ref: Daniel Berger, Tel: 0161 832 2500

Additional Fees

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.