Office for sale in Sun Buildings, 35-37 Princes Street, Ipswich, Suffolk IP1

Situation
The premises are situated in a prominent position on Princes Street, which is one of the main business and professional districts of the town, close to the town centre, with various other professional occupiers including accountants, solicitors and insurance companies.

Description
The property comprises a Grade II Listed self-contained 5 storey office building with basement storage, of brick and rendered construction. The accommodation is partly open plan with ground floor reception area, separate offices, boardroom, kitchen and WC facilities, and attractive period features including the staircase.

Accommodation (all areas are approximate)
Total Area Approx 406.8 sq m (4,378 sq ft)

Terms & Tenure
The property is let to Attwells Solicitors llp on a 10 year lease dated 22/3/24, for a term from 1/4/24, expiring on 31/3/34 at a passing rent of £30,500 per annum exclusive, on an Fri basis. There is a tenant only break clause at Years 2,5 and 8, and a rent review at Years 2,5 and 8.

For Sale Freehold £500,000 Subject to the Existing Tenancy.

Planning
The property currently has consent for Class E(g)(i) use. All interested parties should contact Ipswich Borough Council.

Business Rates
Rateable Value £34,500. All interested parties should contact Ipswich Borough Council.

VAT

To be confirmed.

Services & Service Charge
We understand that mains electricity and water are connected to the property. Service Charge to be confirmed.

EPC

A full copy of the EPC is available upon request, reference, rating E110, valid until October 2032.