44 Westgate Ipswich Suffolk IP1 3ED

44 Westgate
Ipswich
Suffolk
IP1 3ED

Freehold Retail Investment

Let to Electronic Cigarettes Limited
Nearby occupiers include Marks & Spencer, Primark, Caffè Nero and Greggs
Other occupiers on Westgate Street include JD Sports, WHSmith and Holland & Barrett
Prominent pedestrianised town centre location

Lot
39
Auction
4th April 2019
Rent
£15,000 per Annum Exclusive
Status
Sold
Price
£174,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Electronic Cigarettes Limited
Nearby occupiers include Marks & Spencer, Primark, Caffè Nero and Greggs
Other occupiers on Westgate Street include JD Sports, WHSmith and Holland & Barrett
Prominent pedestrianised town centre location

Lot 39
Auction 4th April 2019
Rent £15,000 per Annum Exclusive
Status Sold
Price £174,000
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

Ipswich is the county town of Suffolk and is a major commercial centre in the East of England. The property is prominently situated on the northern side of Westgate Street, which joins Museum Street and High Street to the east, and is located in the heart of Ipswich town centre. Nearby occupiers include Marks & Spencer, Greggs, Primark, Shoezone and Caffè Nero.

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

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Retail/Ancillary Ancillary	48.91 sq m 34.40 sq m	(526 sq ft) (370 sq ft)	ELECTRONIC CIGARETTES LIMITED t/a ECig Wizard (1)	5 years from 18/07/2014 on a full repairing and insuring lease	£15,000
Total		83.31 sq m	(896 sq ft)			£15,000

(1) ECig Wizard is one of the largest stockists of electronic cigarettes and e-liquids in the UK and Europe, currently supplying more than 600 independently owned ECig stores as well as over 80 private white label e-liquid clients. ECig Wizard currently operates from over 45 stores with locations including Birmingham, Bristol, Cambridge, Romford, Stamford and Leamington Spa (Source:
www.ecigwizard.com 26/02/2019). Oliver Warburton Enterprises remains liable by way of an Authorised Guarantee Agreement.