Retail premises for sale in 26-28 Queen Street, Ipswich, Suffolk IP1

Situation
The premises are situated in Queen Street, a high-footfall area close to the main thoroughfares of Westgate Street and Tavern Street, with a number of national retailers, cafes and restaurants nearby.

St Nicholas Street car park is close by, along with the Buttermarket Shopping Centre. All the town’s main amenities are within easy walking distance.

Description
The property comprises a mid-terraced shop, with upper parts.

Subway occupies the premises as the current tenant, with a lease until November 2024, at a rental of £23,000 per annum exclusive.

The shop has air conditioning throughout. There are WCs on each floor and two offices on the first floor.

Accommodation (all areas are approximate)
Ground Floor Area: 99.73 sq m / 1,073 sq ft
First Floor Area: 45.5 sq m / 490 sq ft
Total Floor Area: 145.23 sq m / 1,563 sq ft

Planning
The property has consent for restaurant/hot food takeaway use under Class E of the planning use classes act and would suit other uses subject to planning. All interested parties should contact Ipswich Borough Council.

Legal Costs
Each party to bear their own costs incurred in this transaction.

Business Rates
Rateable Value: £16,500. All interested parties should contact Ipswich Borough Council.

Terms & Tenure
For sale freehold o.i.r.o. £250,000.

The unit is held on a lease to Subway Realty Limited, expiring in November 2024 at a rental of £23,000 per annum exclusive.

VAT

VAT is applicable

Services & Service Charge
We understand that mains electricity and water are connected to the property. Nb: None of the services have been tested and it is the responsibility of the proposed purchaser to satisfy themselves as to their operation and condition, including it and telecommunications links.

EPC

The property has an EPC rating of E115, valid until February 2026. Reference: