9 - 13 St Matthews Street Ipswich Suffolk IP1 3EL

  • 9 - 13 St Matthews Street<br>Ipswich<br>Suffolk<br>IP1 3EL

9 - 13 St Matthews Street
Ipswich
Suffolk
IP1 3EL

Freehold Retail and Office Investment

  • Prominent location in Ipswich Town Centre
  • Close to the pedestrianised Westgate Street
  • Nearby occupiers include Iceland, Mind and British Heart Foundation
  • Asset Management Potential
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    57
  • Auction
    8th December 2016
  • Rent
    £36,375 per Annum Exclusive
  • Status
    Sold
  • Price
    £375,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of JLL
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Freehold Retail and Office Investment

  • Prominent location in Ipswich Town Centre
  • Close to the pedestrianised Westgate Street
  • Nearby occupiers include Iceland, Mind and British Heart Foundation
  • Asset Management Potential
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 57
  • Auction 8th December 2016
  • Rent £36,375 per Annum Exclusive
  • Status Sold
  • Price £375,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of JLL

Property Information

Location
Miles
75 miles north-east of London
54 miles south-east of Cambridge
44 miles south of Norwich
Roads
A1156, B1067, A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation

The property is located on the busy St Matthews Street (A1156) close to the pedestrianised Westgate which houses occupiers including Burger King, Superdrug, Bonmarché and Greggs.
The Spiral Car Park, just to the south of the property is accessed via the B1067, the main arterial route into the Town Centre from the A14 (Junction 54). Nearby occupiers include Iceland, Mind and
British Heart Foundation.

Tenure

Freehold.

Location
Miles
75 miles north-east of London
54 miles south-east of Cambridge
44 miles south of Norwich
Roads
A1156, B1067, A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation

The property is located on the busy St Matthews Street (A1156) close to the pedestrianised Westgate which houses occupiers including Burger King, Superdrug, Bonmarché and Greggs.
The Spiral Car Park, just to the south of the property is accessed via the B1067, the main arterial route into the Town Centre from the A14 (Junction 54). Nearby occupiers include Iceland, Mind and
British Heart Foundation.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with self-contained office accommodation on first and second floors.

VAT

VAT is not 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 ground floor retail units with self-contained office accommodation on first and second floors.

VAT

VAT is not 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 Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Unit 9 Ground Retail
113.60 sq m
(1,222 sq ft)
 TMAC WIRELESS SOLUTIONS
LIMITED t/a Armafone (1)		 5 years from
06/08/2014		 £12,000 05/08/2019
Unit 11 Ground Retail
108.73 sq m
(1,171 sq ft)
 INIDIVIDUALS
t/a MK News		 15 years from
24/06/1992		 £16,375 Holding Over
Unit 13 First
Second		 Office
Office
85.64 sq m
98.78 sq m
(922 sq ft)
(1,063 sq ft)
 TMAC WIRELESS SOLUTIONS
LIMITED t/a Armafone (1)		 5 years from
06/08/2014		 £8,000 05/08/2019
Total    
406.75 sq m
(4,378 sq ft)
     £36,375  

(1) As a working brand of TMAC Wireless Solutions Ltd, ArmaFone are a family run business who have been providing the local community with mobile related services for 16 years (Source: www.armafone.com 11/11/2016).

Contacts

Seller's Solicitors
Kerman & Co LLP 200 Strand
London
WC2R 1DJ
Janice Martin 0207 539 7273janice.martin@kermanco.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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