Christies Warehouse 3 Wherry Wharf Ipswich Suffolk IP4 1AS

Christies Warehouse
3 Wherry Wharf
Ipswich
Suffolk
IP4 1AS

Freehold Harbourside Leisure and Retail Investment

  • Prominent Waterside Position fronting Ipswich’s Historic Marina
  • Unit on Salthouse Street let to Riverdale Estates Limited, Nearby occupiers include Pizza Express,
  • Loch Fyne, Salthouse Harbour Hotel and Bistro on the Quay
  • Recent planning approved for A3 and A4 (Bar/restaurant) use
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    50
  • Auction
    8th December 2016
  • Rent
    £14,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £775,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Harbourside Leisure and Retail Investment

  • Prominent Waterside Position fronting Ipswich’s Historic Marina
  • Unit on Salthouse Street let to Riverdale Estates Limited, Nearby occupiers include Pizza Express,
  • Loch Fyne, Salthouse Harbour Hotel and Bistro on the Quay
  • Recent planning approved for A3 and A4 (Bar/restaurant) use
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 50
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £775,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
75 miles north east of London, 54 miles south east of Cambridge, 44 miles south of Norwich
Roads
A1156, B1075, A14 (Junction 56)
Rail
Ipswich Rail and Derby Road Rail
Air
London Stansted Airport
Situation

The property occupies a prominent position fronting the Neptune Marina just 10 minutes walk from Ipswich Town Centre. Ipswich Waterfront has undergone considerable regeneration over the years and has been transformed into a bustling leisure district, home to restaurants, hotels, galleries and shops. The Marina is also home to the University of Suffolk and East of England Dance Studio. Nearby occupiers include Pizza Express Loch Fyne, Salthouse Harbour Hotel and Bistro on the Quay. Neptune Marina benefits from visiting large sailing vessels, Tall Ships and Royal Navy ships, together with tours of the River Orwell.

Tenure

Freehold.

Location
Miles
75 miles north east of London, 54 miles south east of Cambridge, 44 miles south of Norwich
Roads
A1156, B1075, A14 (Junction 56)
Rail
Ipswich Rail and Derby Road Rail
Air
London Stansted Airport
Situation

The property occupies a prominent position fronting the Neptune Marina just 10 minutes walk from Ipswich Town Centre. Ipswich Waterfront has undergone considerable regeneration over the years and has been transformed into a bustling leisure district, home to restaurants, hotels, galleries and shops. The Marina is also home to the University of Suffolk and East of England Dance Studio. Nearby occupiers include Pizza Express Loch Fyne, Salthouse Harbour Hotel and Bistro on the Quay. Neptune Marina benefits from visiting large sailing vessels, Tall Ships and Royal Navy ships, together with tours of the River Orwell.

Tenure

Freehold.

Description

The property, a former warehouse, currently comprises ground, first and second floor office accommodation with planning permission for A3/A4 (Bar/Restaurant) use. The property benefits from a forecourt with potential for al fresco dining. The property also includes approximately 25 metres of vacant dock water frontage. To the rear of the property, fronting Salthouse Street, is a
ground floor retail unit with first floor office accommodation.

VAT

VAT is applicable to this lot.

Planning

On the 26th February 2016 planning permission was granted for alterations to front elevation to the extend the glazed restaurant frontage (see artist’s impression of proposed frontage). For further information please visit Ipswich Planning Portal REF: 16/00195/FUL.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a former warehouse, currently comprises ground, first and second floor office accommodation with planning permission for A3/A4 (Bar/Restaurant) use. The property benefits from a forecourt with potential for al fresco dining. The property also includes approximately 25 metres of vacant dock water frontage. To the rear of the property, fronting Salthouse Street, is a
ground floor retail unit with first floor office accommodation.

VAT

VAT is applicable to this lot.

Planning

On the 26th February 2016 planning permission was granted for alterations to front elevation to the extend the glazed restaurant frontage (see artist’s impression of proposed frontage). For further information please visit Ipswich Planning Portal REF: 16/00195/FUL.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
3 Wherry Quay Ground
First
Second
Offices
Offices
Offices
195.70 sq m
198.60 sq m
43.00 sq m
(2,107 sq ft)
(2,138 sq ft)
(463 sq ft)
VACANT POSSESSION (1)      
5 Wherry Quay Ground &
First
Retail/
Offices
111.48 sq m
(1,200 sq ft)
RIVERDALE ESTATES LIMITED
(2) (WITH PERSONAL
GUARANTEE)
5 years from 16/01/2016
on a full repairing and
insuring lease
£14,000 15/01/2021
Total    
584.7 8 sq m
(5,908 sq ft)
    £14,000  

(1) 3 Wherry Quay is currently being marketed to let at £60,000 pa.
(2) Riverdale estates Limited have been in occupation for over 12 years. Riverdale Estates are an owner managed independent estate agency specialising in the sale, letting and management of property within Ipswich and the surrounding areas (Source: riverdaleestates.co.uk).

Property Documents

  • Site Plan
    Updated Date
    12.11.19
    File Size
    45 KB
    View PDF
  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Warners Solicitors Bank House, Bank Street
Tonbridge
Kent
TN9 1BL
Bill Wass 01732 375 309bill.wass@warners-solicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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