Freehold Retail Investment
Freehold Retail Investment
The property is situated in the heart of Ipswich town centre on the east side of Upper Brook Street, opposite its junction with Buttermarket and 50 metres south of Tavern Street. There is a large public car park to the rear and a bus stop opposite. Nearby occupiers include Caffè Nero, Jack Wills, Costa, Starbucks, Sainsbury’s, Wilko and Greggs.
Freehold.
The property is situated in the heart of Ipswich town centre on the east side of Upper Brook Street, opposite its junction with Buttermarket and 50 metres south of Tavern Street. There is a large public car park to the rear and a bus stop opposite. Nearby occupiers include Caffè Nero, Jack Wills, Costa, Starbucks, Sainsbury’s, Wilko and Greggs.
Freehold.
The property comprises two adjoining retail units, providing ground floor retail accommodation with ancillary accommodation on the first floors. No. 19 benefits from additional retail accommodation on the first floor. The property includes a passageway from Upper Brook Street leading to a former snooker hall at the rear, the former snooker hall is not included within the sale.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two adjoining retail units, providing ground floor retail accommodation with ancillary accommodation on the first floors. No. 19 benefits from additional retail accommodation on the first floor. The property includes a passageway from Upper Brook Street leading to a former snooker hall at the rear, the former snooker hall is not included within the sale.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit No. | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|---|
| 19 | Ground First |
Retail/ Ancillary Retail/ Ancillary |
200.01 sq m 119.01 sq m |
(2,153 sq ft) (1,281 sq ft) |
MATTRESSMAN LIMITED (1) |
10 years from 09/11/2009 |
£35,000 | (08/11/2019) |
| 21 | Ground First |
Retail/ Ancillary Ancillary |
78.87 sq m 95.97 sq m |
(849 sq ft) (1,033 sq ft) |
AMPLIFON LIMITED (2) |
10 years from 05/02/2016 |
£29,500 | 05/02/2021 (04/02/2026) |
| Totals | 493.86 sq m |
(5,316 sq ft) |
£64,500 | |||||
(1) Mattressman operate from 24 stores nationwide and state it is the UK's biggest online mattress specialist (www.mattressman.co.uk). For the year ending 1st April 2016, Mattressman Limited reported a turnover of £23,088,319, pre-tax profits of £1,487,495 and a total net worth of £2,779,660m (Source: Experian Group 11/10/2017).
(2) Amplifon, with over 65 years worth of experience, helps customers in over 21 countries across 8,600 hearing centres worldwide and operate over 200 stores across the UK (www.amplifon.co.uk).
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