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
    04/Apr/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
  • 44 Westgate<br>Ipswich<br>Suffolk<br>IP1 3ED
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* More information on the term "price" can be found here

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.

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

FloorUse
Floor Areas
(Approx)
TenantTermRent 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.

Property Documents

  • Catalogue Page
    Updated Date
    11.04.19
    File Size
    749 KB
    View PDF
  • Site Plan
    Updated Date
    11.04.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 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
WT Jones Solicitors 71, Gray's Inn, Holborn
London
WC1X 8TR
0207 242 4337
Peter Hambleton 0207 242 7767pch71gir@gmail.com

Useful Links

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