Nearby occupiers include Iceland, Mind and British Heart Foundation
Asset Management Potential
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 57
Auction 8th December 2016
Rent £36,375 per Annum Exclusive
Status Sold
Price £375,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of JLL
Property Information
Location
Miles
75 miles north-east of London
54 miles south-east of Cambridge
44 miles south of Norwich
Roads
A1156, B1067, A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation
The property is located on the busy St Matthews Street (A1156) close to the pedestrianised Westgate which houses occupiers including Burger King, Superdrug, Bonmarché and Greggs.
The Spiral Car Park, just to the south of the property is accessed via the B1067, the main arterial route into the Town Centre from the A14 (Junction 54). Nearby occupiers include Iceland, Mind and
British Heart Foundation.
Tenure
Freehold.
Location
Miles
75 miles north-east of London
54 miles south-east of Cambridge
44 miles south of Norwich
Roads
A1156, B1067, A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation
The property is located on the busy St Matthews Street (A1156) close to the pedestrianised Westgate which houses occupiers including Burger King, Superdrug, Bonmarché and Greggs.
The Spiral Car Park, just to the south of the property is accessed via the B1067, the main arterial route into the Town Centre from the A14 (Junction 54). Nearby occupiers include Iceland, Mind and
British Heart Foundation.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with self-contained office accommodation on first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with self-contained office accommodation on first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Unit 9
Ground
Retail
113.60 sq m
(1,222 sq ft)
TMAC WIRELESS SOLUTIONS LIMITED t/a Armafone (1)
5 years from 06/08/2014
£12,000
05/08/2019
Unit 11
Ground
Retail
108.73 sq m
(1,171 sq ft)
INIDIVIDUALS t/a MK News
15 years from 24/06/1992
£16,375
Holding Over
Unit 13
First Second
Office Office
85.64 sq m 98.78 sq m
(922 sq ft) (1,063 sq ft)
TMAC WIRELESS SOLUTIONS LIMITED t/a Armafone (1)
5 years from 06/08/2014
£8,000
05/08/2019
Total
406.75 sq m
(4,378 sq ft)
£36,375
(1) As a working brand of TMAC Wireless Solutions Ltd, ArmaFone are a family run business who have been providing the local community with mobile related services for 16 years (Source: www.armafone.com 11/11/2016).
