41 Tavern Street
Ipswich
Suffolk
IP1 3AG

Freehold Retail Investment

  • Prominent pedestrianised town centre location
  • Let to Hutchinson 3G UK Ltd
  • Nearby occupiers include Jack Wills, Cotswold Outdoors and McDonald’s
  • Lot
    55
  • Auction
    05/Dec/2018
  • Rent
    £37,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 41 Tavern Street<br>Ipswich<br>Suffolk<br>IP1 3AG
  • Expand
  • Photos
  • Map

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 Stanstead Airport
Situation

Ipswich is the county town of Suffolk and is a major commercial centre in the east of England with a catchment population of approximately 230,000. The town is well located some 80 miles north-east of London via the A12 dual carriageway, which provides a direct link with the M25 motorway. Communications are also enhanced by the A14 east-west trunk road being approximately 2 miles from the town centre. There are regular rail services to London Liverpool Street. The property is situated in the heart of Ipswich town centre on the northern side of Tavern Street, close to its junction with Upper Brook Street and 50 metres from Buttermarket. Nearby occupiers include EE, O2, Costa, McDonald’s, Santander, Jack Wills and Superdrug.

Tenure

Freehold.

Description

This Grade II listed property comprises a ground floor shop with basement storage. The shop has an open sales area to the front with storage, kitchen and cloakrooms to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Basement
Retail
Ancillary
58.71 sq m
45.24 sq m
(632 sq ft)
(487 sq ft)
HUTCHINSON 3G
UK LTD
(t/a Three) (1)
5 years from 15/03/2018£37,5002023
Total
103.95 sq m
(1,119 sq ft)
  £37,500 

(1) Hutchinson 3G Ltd trades under the name of 3UK Retail Ltd across 337 retail stores throughout the UK (Source: www.3g.co.uk ). For the year ended 31st December 2017, Hutchinson 3G Ltd reported a turnover of £2,357,044,000, pre-tax profits of £356,573,000 and a total net worth of £3,390,087,000 (Source: Experian Group 31/10/2018).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    14.11.18
    File Size
    34 MB
    Login to View
  • Site Plan
    Updated Date
    14.11.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.18
    File Size
    829 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Venator Legal Services Ltd Sandy Hill House, Sandy Hill Lane
Weybourne
Norfolk
NR25 7HW
Philip Hunter 01263 588 630philip.hunter@venatorlegal.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now