Town centre development opportunity with planning permission granted for the conversion of an existing building into 24 apartments

An exceptional opportunity to acquire a prominently located office building in the heart of Ipswich, with full planning permission granted for conversion into 24 high-quality residential apartments. The approved scheme comprises a well-balanced mix of one and two-bedroom units, thoughtfully designed to meet modern living standards and appeal to both first-time buyers and investors. The development also benefits from on-site parking for all apartments, extensive outside space and lift access. A number of the units include ensuites and balconies, individual entrances and private gardens. Positioned within close proximity to Ipswich’s town centre, transport links, and a host of local amenities, this site offers both convenience and strong future rental or resale potential.

Tenure

Freehold

GDV £4.3m with RICS (Red book) market valuation available No section 106 contributions or CIL payments Full planning permission granted under IP/24/00004/FUL Circa 14000sqft of accommodation

Please Note

Existing concrete structure has undergone significant testing and has been deemed viable for retention and conversion, therefore offering a cost effective construction option whereby minimal groundworks and structural framework is required. The site includes mains drainage and services within very close proximity.

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

Aquabridge Law (Felixstowe), Ref: Rebecca Gent, Tel: 01394 330 682

Additional Fees

Buyer's Premium - £1800 inc VAT payable on exchange of contracts.

Administration Charge - £1200 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.