WF Senate Farthing Road Ipswich Suffolk IP1 5BL

WF Senate
Farthing Road
Ipswich
Suffolk
IP1 5BL

Freehold Industrial/Trade Counter Investment

  • Let to W F Electrical Plc, a subsidiary of Rexel UK Ltd
  • Prominent corner position close to A14 (Junction 54)
  • Located within well established industrial estate
  • Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions
  • Lot
    48
  • Auction
    13th July 2017
  • Rent
    £39,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £537,500
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Industrial/Trade Counter Investment

  • Let to W F Electrical Plc, a subsidiary of Rexel UK Ltd
  • Prominent corner position close to A14 (Junction 54)
  • Located within well established industrial estate
  • Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions
  • Lot 48
  • Auction 13th July 2017
  • Rent
  • Status Sold
  • Price £537,500
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
19 miles north-east of Colchester, 26 miles south-east of Bury St Edmunds
Roads
A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation

The property is situated approximately 2 miles west of Ipswich town centre, in the Sproughton Road Industrial Area. The property occupies a prominent corner position fronting Farthing Road, at its junction with Sproughton Road, just off junction 54 of the A14. Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions.

Tenure

Freehold.

Location
Miles
19 miles north-east of Colchester, 26 miles south-east of Bury St Edmunds
Roads
A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation

The property is situated approximately 2 miles west of Ipswich town centre, in the Sproughton Road Industrial Area. The property occupies a prominent corner position fronting Farthing Road, at its junction with Sproughton Road, just off junction 54 of the A14. Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions.

Tenure

Freehold.

Description

The property comprises a detached single storey light industrial building comprising warehouse and office accommodation, currently arranged to provide trade counter accommodation. The property benefits from a large yard/storage area to the side and rear of the property, as well as parking in the forecourt. The site has an approximate site area of 0.757 acres (0.306 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a detached single storey light industrial building comprising warehouse and office accommodation, currently arranged to provide trade counter accommodation. The property benefits from a large yard/storage area to the side and rear of the property, as well as parking in the forecourt. The site has an approximate site area of 0.757 acres (0.306 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Ground
Industrial
Offices
738.8 sq m
140.1 sq m
(7,952 sq ft)
(1,508 sq ft)
W.F ELECTRICAL
PLC t/a WF Senate
(1)
Approx 21 years from
21/04/1999 until
28/04/2020 on a full
repairing lease (2)
£39,000 29/04/2019
Total  
878.9 sq m
(9,460 sq ft)
    £39,000  

(1) WF Electrical Plc (now WF Electrical Ltd) are a subsidiary of Rexel UK Ltd. WF Senate is part of the Rexel Group, a global leader in the distribution of electrical supplies and services. WF Senate have over 80 branches throughout the UK (Source: www.wfsenate.co.uk 30/05/2017).
(2) The landlord is responsible for insurance and such insurance costs are recouped from the tenant.

Property Documents

  • Catalogue Page
    Updated Date
    01.11.19
    File Size
    906 KB
    View PDF
  • Site Plan
    Updated Date
    01.11.19
    File Size
    719 KB
    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
Brookstreet des Roche LLP 25A Western Avenue Milton Park
Abingdon
Oxfordshire
OX14 4SH
Christopher Dickinson 01235 836 645

Useful Links

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

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