A prominent freehold lock-up retail unit with parking and the Ground Rents of 2 flats above

Situated in a high profile location on the northern fringe of the town centre is this most attractive freehold lock-up retail premises together with the Ground Rents of the flats on the first and second floors. The commercial element, which has most recently been utilised in the sale of antiques, comprises a retail area, large cellar, WC and an integral parking space for a medium size vehicle. It is considered there is scope, subject to Planning Permission, for alternative use and our Client has received a note from a third party declaring interest in leasing the premises. Details will be passed to the purchaser upon completion. The two flats above were sold on 99 year leases in 1989 and 2002 respectively with the Ground Rent being £50pa for the 1st floor flat and £5pa for the 2nd floor flat. As the lease periods diminish, there will of course be the opportunity to gain revenue from their renewal. We believe this to be a first class owner occupier or investment opportunity.

Tenure

Freehold

Note

In addition to the administration charge, the purchaser will be required to pay a Buyer's Premium of £900 (£750 + Vat) which is payable upon signing the contracts.

Viewing

Open days

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. Tel: 01473 432000

Solicitors

Michael Smith & Co, Clarence House, 21 St Margaret's Green, Ipswich, Suffolk IP4 2BN, Ref: Michael Smith, Tel: 01473 226231

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.