Commercial property for sale in Queen Street, Ipswich IP1

** recently reduced freehold investment for sale ** - The property is situated to the west side of Queen Street, a one way street north bound within the centre of Ipswich. The property is located in an established retailing area comprising a number of local occupiers and multiple operators such as tk Max and The Co-Operative Bank. Comprising a three storey mid-terrace building. On the ground floor is a shop which has traded as an opticians for many years and on the first and second floors are offices which are currently occupied by an art studio. The premises may be suitable for reconfiguration/redevelopment (subject to gaining the necessary consents). Please call Clarke Hillyer on for further information.

Location

The property is situated to the west side of Queen Street, a one way street north bound within the centre of Ipswich. The property is located in an established retailing area comprising a number of local occupiers and multiple operators such as tk Max and The Co-Operative Bank. Queen Street leads to Princes Street, which interconnects to the Ipswich Inner Ring Road (A1022). Ipswich Railway Station (Greater Anglia) is less than 0.6 miles from the property and the area is served by local buses.

Description

Comprising a three storey mid-terrace building of traditional masonry construction. On the ground floor is a shop which has traded as an opticians for many years, benefiting from rear ancillary accommodation including opticians' treatment rooms and storage, kitchenette and male and female wc facilities. On the first and second floors are offices which are currently occupied by an art studio. The premises may be suitable for reconfiguration/redevelopment (subject to gaining the necessary consents) and are more particularly described as follows:
Ground floor: Sales area: 405 sq ft (37.6 sq m); ancillary: 506 (47 sq m); male & female w/c's.
First floor: Office: 616 sq ft (57.3 sq m). W/c.
Second floor: Office: 355 (33 sq m).
All measurements quoted are approximate only.

Leases

The ground floor is let on a five year full repairing and insuring lease at £12,000 per annum. The tenant has been holding over since 2010.
The first and second floor is let on a short term commercial lease, expiring December 2022, at a rent of £3,500 per annum.

Terms

The freehold, subject to the existing leases, is available for £245,000.

Business Rates

Ipswich Council have informed us of the following:
8 Queen Street:
2017 Rateable Value: £12, ubr: 0.499 P/£
2021-22 Rates Payable: £5,988

8a Queen Street:
2017 Rateable Value: £4, ubr: 0.499 P/£
2021-22 Rates Payable: £2,345

Interested parties are advised to verify current rates liability with the local authority.

Viewings

Strictly via sole agents Clarke Hillyer, tel .

Epc

The shop has an Energy Performance Certificate rating of D. The offices have an EPC rating of E.