25-27 Tavern Street
Ipswich
Suffolk
IP1 3AD

Freehold Investment

  • Entirely let to Vodafone Limited
  • Prime Pedestrianised Town Centre location
  • Neighbouring occupiers include H&M, McDonald's, Lush, Accessorize, O2, Superdrug, iStore and The Body Shop
  • Lot
    18
  • Auction
    28/Oct/2020
  • Rent
    £127,500 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 25-27 Tavern Street<br>Ipswich<br>Suffolk<br>IP1 3AD
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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 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.

Tenure

Freehold.

Description

The property is an attractive building comprising ground floor retail accommodation and basement, first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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
£127,50028/09/2023
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    9 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    891 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Lowe & Elliott Windsor House, 5a King Street
Newcastle under Lyme
Staffordshire
ST5 1EH
Rob Elliott 01782 622 621robelliott@lowe-elliott.co.uk
Seller's Solicitors
Knights Plc The Brampton
Newcastle-under-Lyme
Staffordshire
ST5 0QW
Tony Earl 01782 349 556tony.earl@knightsplc.com

Useful Links

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