25-27 Tavern Street Ipswich Suffolk 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
Sold Post
Price
Auction Venue
Live Streamed Auction

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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 Sold Post
Price
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

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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.