Guide price
£220,000
Industrial for sale12 Northgate Street, Ipswich, Suffolk IP1
Just added
Auction
Freehold
About this property
For sale by auction on Wednesday, 09 Dec 2026 at 10:00
Venue: Livestream Auction
Commercial building set over three floors in Ipswich Town Centre.
Grade II Listed building arranged over three floors with basement storage. The ground floor is let as a restaurant, while the first and second floors offer eight vacant offices with a separate entrance from Northgate Street.
The offices have been refurbished with new carpets, decoration, LED lighting, gas central heating, a fitted kitchen and WCs.
The upper floors offer potential for redevelopment (subject to planning permission) or immediate occupation, either together or separately. The property is generally in good condition but would benefit from some modernisation.
Business Rates
Basement: Rateable Value £1,975
Ground Floor: Rateable Value £11,500
1st Floor: Rateable Value £8,300
2nd Floor: Rateable Value £5,300.
As the property is Grade II Listed, empty rates will not be payable. All interested parties should contact Ipswich Borough Council on .
Ground floor restaurant
Let on a 10-year lease from August 2021 at a rent of £12,000 per annum exclusive.
149.66 sq m / 1,611 sq ft
First and second floor
1st Floor: 111.75 sq m / 1,203 sq ft
2nd Floor: 96.07 sq m / 1,034 sq ft
Location
Situated on Northgate Street in the town centre, the property is within easy walking distance of the County Library, main shopping streets of Tavern Street and Westgate Street, local amenities and public car parks.
EPC Rating: B
Additional Fees
Buyers Premium: £1500 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Commercial building set over three floors in Ipswich Town Centre.
Grade II Listed building arranged over three floors with basement storage. The ground floor is let as a restaurant, while the first and second floors offer eight vacant offices with a separate entrance from Northgate Street.
The offices have been refurbished with new carpets, decoration, LED lighting, gas central heating, a fitted kitchen and WCs.
The upper floors offer potential for redevelopment (subject to planning permission) or immediate occupation, either together or separately. The property is generally in good condition but would benefit from some modernisation.
Business Rates
Basement: Rateable Value £1,975
Ground Floor: Rateable Value £11,500
1st Floor: Rateable Value £8,300
2nd Floor: Rateable Value £5,300.
As the property is Grade II Listed, empty rates will not be payable. All interested parties should contact Ipswich Borough Council on .
Ground floor restaurant
Let on a 10-year lease from August 2021 at a rent of £12,000 per annum exclusive.
149.66 sq m / 1,611 sq ft
First and second floor
1st Floor: 111.75 sq m / 1,203 sq ft
2nd Floor: 96.07 sq m / 1,034 sq ft
Location
Situated on Northgate Street in the town centre, the property is within easy walking distance of the County Library, main shopping streets of Tavern Street and Westgate Street, local amenities and public car parks.
EPC Rating: B
Additional Fees
Buyers Premium: £1500 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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