NCP Car Park, Portman Road Ipswich Suffolk IP1 2BP

NCP Car Park, Portman Road
Ipswich
Suffolk
IP1 2BP

Freehold Car Park Investment

Let to NCP Limited on a new 15 year lease until 2027(1)
Prominent position opposite Ipswich Town Stadium
Future development potential
Approximate site area of 0.38 acres
Annual RPI Index Linked Reviews capped at 2.5% per annum
Parking for approximately 55-60 cars
Landlord rolling option option to break from year 2
Five Week Completion Period Available

Lot
45
Auction
24th May 2012
Rent
£25,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Mapeley

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Freehold Car Park Investment

Let to NCP Limited on a new 15 year lease until 2027(1)
Prominent position opposite Ipswich Town Stadium
Future development potential
Approximate site area of 0.38 acres
Annual RPI Index Linked Reviews capped at 2.5% per annum
Parking for approximately 55-60 cars
Landlord rolling option option to break from year 2
Five Week Completion Period Available

Lot 45
Auction 24th May 2012
Rent £25,000 per Annum Exclusive
Status Sold Post
Price
Sector
Development
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Mapeley

Property Information

Location

Miles: 17 miles north-east of Colchester, 70 miles north-east of London
Roads: A1071, A1022, B1075
Rail: Ipswich Railway Station (68 minutes to London Liverpool Street)
Air: London Stansted

Situation

The site is prominently located on the eastern side of Portman Road, directly opposite Ipswich Town Stadium within walking distance of the town centre and Ipswich rail station. Other nearby occupiers include CSV Media Clubhouse, Rileys Pool Bar and Drum & Monkey Public House.

Tenure

Freehold.

Location

Miles: 17 miles north-east of Colchester, 70 miles north-east of London
Roads: A1071, A1022, B1075
Rail: Ipswich Railway Station (68 minutes to London Liverpool Street)
Air: London Stansted

Situation

Tenure

Freehold.

Description

The site comprises a parcel of land of approximately 0.15 hectares (0.38 acres) currently used as car parking for approximately 55-60 cars.

VAT

VAT is applicable to this lot.

EPC

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

Description

The site comprises a parcel of land of approximately 0.15 hectares (0.38 acres) currently used as car parking for approximately 55-60 cars.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Car Parking	1,543 sq m	(16,608 sq ft)	NCP LIMITED	15 years from May 2012 until May 2027 (1)(2)	£25,000 (3)	May 2013 (4)
Totals		1,543 sq m	(16,608 sq ft)			£25,000 (4)

(1) Heads of Term have been agreed but the lease is yet to be completed.
(2) The lease will provide for a landlord’s rolling option to break from year 2 of the term, subject to 6 months’ notice.
(3) The rent is to be paid monthly in advance.
(4) The rent will be subject to annual RPI Index linked increases, capped at 2.5% per annum.