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
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).
Contacts
Seller's Solicitors
Warners Solicitors Bank House, Bank Street Tonbridge Kent TN9 1BL
