Town Centre Retail/Office Investment
Town Centre Retail/Office Investment
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 property is situated on the junction of Museum Street and Princes Street, in the town's business district and some 250 metres from Buttermarket Shopping Centre and Westgate Street, one of the town's prime retail thoroughfares. Nearby occupiers include Connells, the Co-Operative Bank, RBS and Ladbrokes.
Long Leasehold. Held for a term of 109 years from completion of the sale at a rent of £12,000 per annum exclusive to be first reviewed in 2021 and thereafter every fifth year of the term to Open Market Rental Value
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 property is situated on the junction of Museum Street and Princes Street, in the town's business district and some 250 metres from Buttermarket Shopping Centre and Westgate Street, one of the town's prime retail thoroughfares. Nearby occupiers include Connells, the Co-Operative Bank, RBS and Ladbrokes.
Long Leasehold. Held for a term of 109 years from completion of the sale at a rent of £12,000 per annum exclusive to be first reviewed in 2021 and thereafter every fifth year of the term to Open Market Rental Value
The property comprises ground floor retail/office accommodation within a larger multi-storey modern office building.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail/office accommodation within a larger multi-storey modern office building.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail/Office |
298 sq m |
(3,206 sq ft) |
MANPOWER PUBLIC LIMITED COMPANY |
25 years from 25/03/1989 | £60,000 | 2014 |
(1) For the year ending 31st December 2010, Manpower Public Limited Company reported a turnover of £6,878,000, pre-tax profits of £3,090,000 and total net worth of £129,480,000. (Source: www.riskdisk.com 21/09/2011)
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