2 & 4 Anderson House Rapier Street Ipswich IP2 8JS

  • 2 & 4 Anderson House<br>Rapier Street<br>Ipswich<br>IP2 8JS

2 & 4 Anderson House
Rapier Street
Ipswich
IP2 8JS

Modern Retail Investment

  • Convenience Store and Pharmacy
  • Located on roundabout at junction with Wherstead Road (A137)
  • Forms part of large modern residential development
  • Nearby occupiers include Big Box Self Storage, imo Car Wash and Brooklands Car Dealership
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    66
  • Auction
    19th May 2016
  • Rent
    £23,673 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Modern Retail Investment

  • Convenience Store and Pharmacy
  • Located on roundabout at junction with Wherstead Road (A137)
  • Forms part of large modern residential development
  • Nearby occupiers include Big Box Self Storage, imo Car Wash and Brooklands Car Dealership
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 66
  • Auction 19th May 2016
  • Rent £23,673 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
85 miles north-east of London, 55 miles east of Cambridge
Roads
A12, A14
Rail
Ipswich Railway Station
Air
Stansted International Airport
Situation

The property is situated to the south of Ipswich town centre, on the western side of Rapier Street at its junction with Wherstead Road (A137), which connects with the A14 providing easy access to the Midlands. The units form part of Anderson House, a large modern residential block, and provide the sole retail services to this densely populated residential area. Other occupiers in the vicinity include the Riverside Industrial Estate opposite, IP City Centre Conference Venue, Big Box Self Storage, imo Car Wash and Brooklands Car Dealership.

Tenure

Long Leasehold. Held for a term of 120 years expiring 31st December 2126 at a current rent of £400 p.a, doubling every 20 years until 31st December 2103, whereafter the rent will be £8,000 pa.

Location
Miles
85 miles north-east of London, 55 miles east of Cambridge
Roads
A12, A14
Rail
Ipswich Railway Station
Air
Stansted International Airport
Situation

The property is situated to the south of Ipswich town centre, on the western side of Rapier Street at its junction with Wherstead Road (A137), which connects with the A14 providing easy access to the Midlands. The units form part of Anderson House, a large modern residential block, and provide the sole retail services to this densely populated residential area. Other occupiers in the vicinity include the Riverside Industrial Estate opposite, IP City Centre Conference Venue, Big Box Self Storage, imo Car Wash and Brooklands Car Dealership.

Tenure

Long Leasehold. Held for a term of 120 years expiring 31st December 2126 at a current rent of £400 p.a, doubling every 20 years until 31st December 2103, whereafter the rent will be £8,000 pa.

Description

The property forms part of the ground floor of a modern residential building and comprises two units trading as a pharmacy and a convenience store. The property benefits from car parking rights for two cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Description

The property forms part of the ground floor of a modern residential building and comprises two units trading as a pharmacy and a convenience store. The property benefits from car parking rights for two cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit No. Floor Areas (Approx) Tenant Term Rent (gross) Review/(Reversion)
2
56.70 sq m
(607 sq ft)
 VISIONPHARMA
LIMITED (t/a Vision
Pharmacy)		 15 years from
18/01/2008		 £11,865 18/01/2018
(17/01/2023)
4
59.40 sq m
(639 sq ft)
 INDIVIDUAL
(t/a Anderson Food and
Wine)		 15 years from
12/11/2007		 £11,808 12/11/2017
(11/11/2022)
Totals
116.10 sq m
(1,246 sq ft)
     £23,673

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT 029 2046 4347
David Farmer 029 2047 7887davidfarmer@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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