11 Museum Street Ipswich Suffolk IP1 1HH

11 Museum Street
Ipswich
Suffolk
IP1 1HH

Freehold Office Investment

Entirely let to Strutt & Parker LLP who have been occupying the building since at least 1965
Attractive period property in Ipswich - the County Town of Suffolk
Mixed commercial area just off pedestrianized Westgate Street
Parking to the rear for approximately 14 cars
Six Week Completion

Lot
2
Auction
13th February 2014
Rent
£42,400 per Annum Exclusive
Status
Sold
Price
£380,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Office Investment

Entirely let to Strutt & Parker LLP who have been occupying the building since at least 1965
Attractive period property in Ipswich - the County Town of Suffolk
Mixed commercial area just off pedestrianized Westgate Street
Parking to the rear for approximately 14 cars
Six Week Completion

Lot 2
Auction 13th February 2014
Rent £42,400 per Annum Exclusive
Status Sold
Price £380,000
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 85 miles north-east of London, 55 miles east of Cambridge
Roads: A12, A14
Rail: Ipswich for London Liverpool Street in approximately 1 hour
Air: Stansted International Airport 50 miles

Situation

The property is situated on the east side of Museum Street just off Westgate Street, Ipswich’s principal pedestrianised shopping street, which has many well known retailers including Marks & Spencer, Primark, Next and Monsoon. The immediate area around the property has a mix of commercial occupiers in a historic part of Ipswich town centre.

Tenure

Freehold.

Location

Miles: 85 miles north-east of London, 55 miles east of Cambridge
Roads: A12, A14
Rail: Ipswich for London Liverpool Street in approximately 1 hour
Air: Stansted International Airport 50 miles

Situation

Tenure

Freehold.

Description

The property comprises an attractive pair of inter-linked period offices with customer facing space to the ground floor and two further floors of offices and ancillary accommodation above. It also benefits from 14 car parking spaces to the rear (2). This listed property was formerly residential and probably constructed in the early nineteenth century.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Basement Ground First Second	Ancillary Office Office and Ancillary Office and Ancillary	49.70 sq m 138.43 sq m 124.31 sq m 136.94 sq m	(535 sq ft) (1,490 sq ft) (1,338 sq ft) (1,474 sq ft)	STRUTT & PARKER LLP (1)	30 years from 29/09/1988	£42,400	28/09/2018
Totals		449.38 sq m	(4,837 sq ft)			£42,400

(1) The property is let to Strutt & Parker LLP with three named LLP members acting as surety. For the year ending 30/04/2013, Strutt & Parker LLP reported a turnover of £83,729,000, pre-tax profits of £15,078,000 and a total net worth of £11,895,000. (Source: www.riskdisk.com 20/12/2013)
(2) There is no legal right of way from Museum Street to the car parking at the rear. Access to the parking is granted under licence over the adjoining owner’s roadway.