25-27 Tavern Street Ipswich Suffolk IP1 3AD

  • 25-27 Tavern Street<br>Ipswich<br>Suffolk<br>IP1 3AD

25-27 Tavern Street
Ipswich
Suffolk
IP1 3AD

Freehold Retail Investment

  • Entirely Let to Vodafone Limited on a Renewed 5 Year Lease (subject to option)
  • Rebased Rent
  • Prime Pedestrianised Town Centre Location
  • Opposite the Sailmakers Shopping Centre
  • Neighbouring Occupiers include McDonald's, River Island, O2, Superdrug, Tesco Express, EE and Costa Coffee
  • Lot
    17
  • Auction
    15th February 2024
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Freehold Retail Investment

  • Entirely Let to Vodafone Limited on a Renewed 5 Year Lease (subject to option)
  • Rebased Rent
  • Prime Pedestrianised Town Centre Location
  • Opposite the Sailmakers Shopping Centre
  • Neighbouring Occupiers include McDonald's, River Island, O2, Superdrug, Tesco Express, EE and Costa Coffee
  • Lot 17
  • Auction 15th February 2024
  • Rent £50,000 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

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 McDonald's, River Island, O2, Superdrug, Tesco Express, EE and Costa Coffee.

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 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 McDonald's, River Island, O2, Superdrug, Tesco Express, EE and Costa Coffee.

Tenure

Freehold.

Description

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

VAT

VAT is applicable to this lot.

Completion Period

Six week Completion

EPC

Band C. See legal pack.

Description

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

VAT

VAT is applicable to this lot.

Completion Period

Six week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
Basement
First
Second
Retail
Ancillary
Ancillary/Office
Office
96.00
44.04
86.13
78.50
(1,034)
(474)
(884)
(845)
VODAFONE LIMITED (CRN 01471587)
(1)
5 years from 29/09/2023
(3)
£50,000
Total  
300.67
(3,237) (1)
   
£50,000

(1) For the year ending 31/03/2022 Vodafone Limited reported a Turnover of £5,543,200,000 a Pre-Tax Profit of negative £346,000,000 and a Net Worth of £4,629,100,000 (NorthRow 18/01/2024). The tenant has sublet the property to a franchisee, KMML Communications LTD (crn11797710).
(2) The lease provides for a tenant option to determine the lease on 29th September 2026 subject to 6 months notice.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    26.01.24
    File Size
    16 MB
    Login to View
  • Brochure
    Updated Date
    19.02.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate AuctioneersRob Elliott 01782 622 621 07795 351 200robelliott@lowe-elliott.co.uk
Seller's Solicitors
Hillside (Shared Services 2018) Limited Group Legal Department, Media Way
Stoke-on-Trent
ST1 5SZ
Simon Abbotts +44 (0) 1782 684 757Simon.Abbotts@bet365.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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