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{squote}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% at the low Guide we believe this to be a solid investment and a worthy addition to any portfolio.
Tenure
Freehold
Viewing
Please call the Auctioneer – 01473 558 888.
Energy Efficiency Rating (EPC)
Current Rating D
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
Attwells Solicitors, Sun Buildings, 35-37 Princes Street, Ipswich, IP1 1PU, Ref: Tanya Warnes, Tel: 01473 229857
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
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 £954 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.