EE 37-39 Tavern Street Ipswich Suffolk IP1 3AG

  • EE<br>37-39 Tavern Street<br>Ipswich<br>Suffolk<br>IP1 3AG

EE
37-39 Tavern Street
Ipswich
Suffolk
IP1 3AG

Freehold Retail Investment

  • Entirely Let to EE Ltd on a renewed 5 year lease (subject to option)
  • Tenant in occupation since 2007
  • Rebased Rent (previously £140,000 per annum)
  • Prime pedestrianised town centre location
  • Nearby occupiers include McDonalds, Tesco Express, Vodafone, Three, Nationwide, O2 and Lush
  • Lot
    26
  • Auction
    9th May 2024
  • Rent
    £55,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Fixed Charge Receivers
  • Expand
  • Photos
  • Map

Freehold Retail Investment

  • Entirely Let to EE Ltd on a renewed 5 year lease (subject to option)
  • Tenant in occupation since 2007
  • Rebased Rent (previously £140,000 per annum)
  • Prime pedestrianised town centre location
  • Nearby occupiers include McDonalds, Tesco Express, Vodafone, Three, Nationwide, O2 and Lush
  • Lot 26
  • Auction 9th May 2024
  • Rent £55,000 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Fixed Charge Receivers

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 with a population of over 300,000 and is a major commercial centre in East Anglia. The property is located in the heart of the town centre on the northern side of the busy and pedestrianised Tavern Street, close to its junction with Northgate Street and Sailmakers Shopping Centre. Nearby occupiers include McDonalds, Tesco Express, Vodafone, Three, Nationwide, O2 and Lush.

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 with a population of over 300,000 and is a major commercial centre in East Anglia. The property is located in the heart of the town centre on the northern side of the busy and pedestrianised Tavern Street, close to its junction with Northgate Street and Sailmakers Shopping Centre. Nearby occupiers include McDonalds, Tesco Express, Vodafone, Three, Nationwide, O2 and Lush.

Tenure

Freehold.

Description

The property comprises a ground floor shop, along with a basement accessed via a hatch.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop, along with a basement accessed via a hatch.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
Basement
Retail
-
185.10
-
(1,992)
-
EE LIMITED
(1)
5 years from 04/12/2023
(2)
£55,000
Total  
185.10
(1,992)
(3)
   
£55,000

(1) For the year ending 31/03/2023 EE Limited reported a Turnover of £6,913,000,000, a Pre-Tax Profit of £1,771,000,000 and a Net Worth of £5,123,000,000 (NorthRow 19/02/2024).
(2) The lease provides a tenant option to determine the lease on the 3rd anniversary of the term. The tenant will benefit from a 3 month rent free period if the break option is not exercised.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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
    22.04.24
    File Size
    32 MB
    Login to View
  • Brochure
    Updated Date
    10.05.24
    File Size
    2 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
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
DWF Law LLP One Snow Hill, Queensway
Birmingham
United Kingdom
B4 6GA
Richard Holmes 0333 320 2220richard.holmes@dwf.law

Useful Links

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

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