190 and 192 Felixstowe Road Ipswich Suffolk IP3 9AE

  • 190 and 192 Felixstowe Road<br>Ipswich<br>Suffolk<br>IP3 9AE

190 and 192 Felixstowe Road
Ipswich
Suffolk
IP3 9AE

Prominent Freehold Retail and Residential Investment

  • Main road corner location facing Rosehill Retail Park
  • Shop let to Johnsons Cleaners UK Limited with guarantee from Timpson Limited
  • Lease expires June 2030 (subject to option)
  • Includes valuable on-site customer parking for 6 cars
  • Includes two separately-accessed 1-bed flats above let on AST's
  • Same residential tenants occupying since 2017 & 2019
  • VAT-free investment
  • Opposite Rosehill Retail Park where nearby occupiers include Aldi, Bargain Buys and Greggs with 160 space car park
  • Lot
    25
  • Auction
    9th May 2024
  • Rent
    £37,300 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Prominent Freehold Retail and Residential Investment

  • Main road corner location facing Rosehill Retail Park
  • Shop let to Johnsons Cleaners UK Limited with guarantee from Timpson Limited
  • Lease expires June 2030 (subject to option)
  • Includes valuable on-site customer parking for 6 cars
  • Includes two separately-accessed 1-bed flats above let on AST's
  • Same residential tenants occupying since 2017 & 2019
  • VAT-free investment
  • Opposite Rosehill Retail Park where nearby occupiers include Aldi, Bargain Buys and Greggs with 160 space car park
  • Lot 25
  • Auction 9th May 2024
  • Rent £37,300 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
19 miles north-east of Colchester, 54 miles south-east of Cambridge
Roads
A12, A14, A137, A1156
Rail
Derby Road Railway Station, Ipswich Railway Station
Air
London Stansted Airport
Situation

The property is prominently situated on the corner of Felixstowe Road (A1156), at its junction with Hatfield Road, opposite Rosehill Retail Park in the predominantly residential suburb of Rosehill. Nearby occupiers include Aldi, Bargain Buys, Greggs and British Heart Foundation.

Tenure

Freehold.

Location
Miles
19 miles north-east of Colchester, 54 miles south-east of Cambridge
Roads
A12, A14, A137, A1156
Rail
Derby Road Railway Station, Ipswich Railway Station
Air
London Stansted Airport
Situation

The property is prominently situated on the corner of Felixstowe Road (A1156), at its junction with Hatfield Road, opposite Rosehill Retail Park in the predominantly residential suburb of Rosehill. Nearby occupiers include Aldi, Bargain Buys, Greggs and British Heart Foundation.

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground floor, and two separately-accessed 1-bed flats arranged on the first and second floors. The shop benefits from 6 car parking spaces to the side/rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (shop)

Description

The property comprises a shop arranged on the ground floor, and two separately-accessed 1-bed flats arranged on the first and second floors. The shop benefits from 6 car parking spaces to the side/rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (shop)

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground Retail/Ancillary
96.33
(1,037)
JOHNSON CLEANERS UK
LIMITED with a guarantee from TIMPSON LIMITED (1)
10 years from 12/06/2020 (2)
£25,000
First/Second
(Flat 1)
Residential - 1 bed flat
-
-
AN INDIVIDUAL AST from 12/04/2019 at £515 pcm
£6,180
First/Second
(Flat 2)
Residential - 1 bed flat
-
-
AN INDIVIDUAL AST from 08/03/2017 at £510 pcm
£6,120
Total Commercial Area  
96.33
(1,037)
   
£37,300

(1) Johnsons Cleaners, a part of Timpson Limited, have been trading for over 200 years and operate from over 200 stores across the UK (www.timpson-group.co.uk). For the year ending 01/10/2022, Timpson Limited reported a turnover of £182,927,000, a pre-tax profit of £24,723,000 and a net worth of £118,642,000 (www.northrow.com).
(2) The lease is subject to a tenant only option to determine on 12/06/2025.

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

  • Brochure
    Updated Date
    17.05.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Spire Solicitors LLP Holland Court, The Close
Norwich
NR1 4DY
Protima Sikdar-Wood 01603 677077psw@spiresolicitors.co.uk

Useful Links

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

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