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
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
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.
