Freehold Investment
Freehold Investment
Ipswich is the largest town in Suffolk and is a major commercial centre in East Anglia. The property is prominently situated in the heart of the town centre on the northern side of the busy and pedestrianised Tavern Street, close to the entrance of the Sailmakers Shopping Centre. Neighbouring occupiers include H&M, McDonald's, Lush, Accessorize, O2, Superdrug, iStore and The Body Shop.
Freehold.
Ipswich is the largest town in Suffolk and is a major commercial centre in East Anglia. The property is prominently situated in the heart of the town centre on the northern side of the busy and pedestrianised Tavern Street, close to the entrance of the Sailmakers Shopping Centre. Neighbouring occupiers include H&M, McDonald's, Lush, Accessorize, O2, Superdrug, iStore and The Body Shop.
Freehold.
The property is an attractive building comprising ground floor retail accommodation and basement, first and second floor ancillary accommodation.
VAT is applicable to this lot.
Six week Completion
Band C. See legal pack.
The property is an attractive building comprising ground floor retail accommodation and basement, first and second floor ancillary accommodation.
VAT is applicable to this lot.
Six week Completion
Band C. See legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Basement Ground First Second |
Ancillary Retail Ancillary Ancillary |
42.20 sq m 86.30 sq m 89.00 sq m 86.30 sq m |
(454 sq ft) (929 sq ft) (958 sq ft) (929 sq ft) |
VODAFONE LIMITED (1) |
15 years from 29/09/2008 |
£127,500 | 28/09/2023 |
| Totals |
303.80 sq m |
(3,270 sq ft) | £127,500 | ||||
(1) For the year ending 31st March 2019, Vodafone Limited reported a turnover of £5,512,900,000, pre-tax profits of negative £679,500,000 and shareholders funds of £5,848,400,000 (Source: SmartSearch 01/10/2020). Vodafone operates in 26 countries with almost 444 million customers worldwide. Vodafone employs over 13,000 people across the UK (Source: www.vodafone.com 01/10/2020).
(2) The tenant has sublet the property to a Vodafone Franchisee until 25th September 2023 at a current rent reserved of 127,500 p.a.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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