19 - 21 Upper Brook Street Ipswich Suffolk IP4 1ED

19 - 21 Upper Brook Street
Ipswich
Suffolk
IP4 1ED

Freehold Retail Investment

  • Comprises two adjoining retail units
  • Prominent town centre location
  • Nearby occupiers include Caffè Nero, Jack Wills, Costa, Starbucks, Sainsbury’s, Wilko and Greggs
  • Lot
    61
  • Auction
    7th December 2017
  • Rent
    £64,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £700,000
  • Sector
    High Street Retail
  • 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 Retail Investment

  • Comprises two adjoining retail units
  • Prominent town centre location
  • Nearby occupiers include Caffè Nero, Jack Wills, Costa, Starbucks, Sainsbury’s, Wilko and Greggs
  • Lot 61
  • Auction 7th December 2017
  • Rent
  • Status Sold
  • Price £700,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
19 miles north-east of Colchester, 54 miles south-east of Cambridge, 65 miles north-east of London
Roads
A12, A14
Rail
Ipswich Railway Station
Air
London Stansted Airport
Situation

The property is situated in the heart of Ipswich town centre on the east side of Upper Brook Street, opposite its junction with Buttermarket and 50 metres south of Tavern Street. There is a large public car park to the rear and a bus stop opposite. Nearby occupiers include Caffè Nero, Jack Wills, Costa, Starbucks, Sainsbury’s, Wilko and Greggs.

Tenure

Freehold.

Location
Miles
19 miles north-east of Colchester, 54 miles south-east of Cambridge, 65 miles north-east of London
Roads
A12, A14
Rail
Ipswich Railway Station
Air
London Stansted Airport
Situation

The property is situated in the heart of Ipswich town centre on the east side of Upper Brook Street, opposite its junction with Buttermarket and 50 metres south of Tavern Street. There is a large public car park to the rear and a bus stop opposite. Nearby occupiers include Caffè Nero, Jack Wills, Costa, Starbucks, Sainsbury’s, Wilko and Greggs.

Tenure

Freehold.

Description

The property comprises two adjoining retail units, providing ground floor retail accommodation with ancillary accommodation on the first floors. No. 19 benefits from additional retail accommodation on the first floor. The property includes a passageway from Upper Brook Street leading to a former snooker hall at the rear, the former snooker hall is not included within the sale.

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 two adjoining retail units, providing ground floor retail accommodation with ancillary accommodation on the first floors. No. 19 benefits from additional retail accommodation on the first floor. The property includes a passageway from Upper Brook Street leading to a former snooker hall at the rear, the former snooker hall is not included within the sale.

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

Unit No. Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
19 Ground

First
Retail/
Ancillary
Retail/
Ancillary
200.01 sq m

119.01 sq m
(2,153 sq ft)

(1,281 sq ft)
MATTRESSMAN
LIMITED (1)
10 years
from
09/11/2009
£35,000 (08/11/2019)
21 Ground

First
Retail/
Ancillary
Ancillary
78.87 sq m

95.97 sq m
(849 sq ft)

(1,033 sq ft)
AMPLIFON
LIMITED (2)
10 years
from
05/02/2016
£29,500 05/02/2021
(04/02/2026)
Totals  
493.86 sq m
(5,316 sq ft)
    £64,500  

(1) Mattressman operate from 24 stores nationwide and state it is the UK's biggest online mattress specialist (www.mattressman.co.uk). For the year ending 1st April 2016, Mattressman Limited reported a turnover of £23,088,319, pre-tax profits of £1,487,495 and a total net worth of £2,779,660m (Source: Experian Group 11/10/2017).
(2) Amplifon, with over 65 years worth of experience, helps customers in over 21 countries across 8,600 hearing centres worldwide and operate over 200 stores across the UK (www.amplifon.co.uk).

Property Documents

  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    746 KB
    View PDF
  • Site Plan
    Updated Date
    28.10.19
    File Size
    2 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
Reed Smith LLP The Broadgate Tower, 20 Primrose Street
London
EC2A 2RS
Kalvinder Sangha 020 3116 3562KSangha@ReedSmith.com

Useful Links

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

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