A prominent town centre office building providing a residential conversion opportunity

Situated in the heart of the town centre is this office building with a net internal floor area of 1893 sq ft configured over 3 floors and a basement together with a courtyard to the rear providing parking space for 4-5 cars. Currently the premises has D1 use (Non Residential Institutions) but has previously been used as offices within class B1. Prior notification under Permitted Development has recently been submitted to Ipswich Borough Council for conversion into 4 self contained flats and a decision is awaited The property benefits from gas fired central heating, carpeting, WC’s on the ground and first floors and is offered for sale on a new 199 year lease at an initial ground rent of £125 per annum which will increase every 25 years. There will be a service charge payable and full details can be found in the online Legal Pack. An excellent development opportunity which is sure to stimulate a good level of interest.

Tenure

Leasehold

Note

Please note that VAT is applicable to this Lot.

Viewing

Strictly by appointment with the Auctioneers

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. Tel: 01473 432000

Solicitors

Solomon Taylor & Shaw, 3 Coach House Yard, Hampstead High Street, London NW3 1QF, Ref: Ari Bloom, Tel: 0207 431 1912

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.