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 £35,000 plus VAT for 10-12 Carr Street (Smart Phone ). Although there has been an arrangement with the tenant of No 10-12 to pay £2,500 inc VAT per calendar month. 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
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
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.