Retail premises for sale in Compair Crescent, Ipswich IP2

Fixed price £160,000 (£135.82/sq. ft)
Retail premises for sale 1,178 sq. ft*

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33 Compair Crescent, Ipswich, Suffolk Ip2 0Eh

Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Leasehold Shop Investment
  • Comprises ground floor convenience store
  • Part of a modern apartment block on the banks of the River Orwell
  • Held on a lease for a term of 125 years from 24th June 2007
  • VAT is applicable to this property
  • Occupiers nearby include Suzuki, dw Fitness Clubs, Inter Sport and others

Property description

Investment Consideration:
Gross Initial Yield: 8.44%
Rental Income: £13,500 p.a.
VAT is applicable to this property.
Comprises ground floor convenience store of a modern apartment block on the banks of the River Orwell.
Leasehold. Held on a lease for a term of 125 years from 24th June 2007 at a fixed ground rent of a peppercorn.
Occupiers nearby include Pentahotel, Suzuki, dw Fitness Clubs, Inter Sport, Stellisons Electronics, Matalan and amongst other local traders and residential neighbourhood.

Property Description:
The property is arranged as a ground floor convenience store of a modern apartment block on the banks of the River Orwell.

The property provides the following accommodation and dimensions:
No. 33/35 (Ground Floor Shop): 109.43 sq m (1,178 sq ft)

Tenure:
Leasehold. Held on a lease for a term of 125 years from 24th June 2007 at a fixed peppercorn rent.

Tenancy:
The shop is at present let to an Individual t/a Cost Price for a term of 10 years from 18th March 2014 at a current rent of £13,500 per annum and the lease contains full repairing and insuring covenants.

Location:
Situated on the ground floor of a modern apartment block on the banks of the River. The property is situated approximately 0.3 miles from Ipswich mainline railway station. Ipswich is a historic county town in Suffolk, England. The town is located in East Anglia about 10 miles away from the mouth of the River Orwell and the North Sea. Ipswich is both on the Great Eastern Main Line railway and the A12 road, it is 66 miles (106 km) north-east of London, 54 miles (89 km) east-southeast of Cambridge, and 45 miles (72 km) south of Norwich.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

Contact Blue Alpine Partners about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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