Entirely Let to Vodafone Limited on a Renewed 5 Year Lease (subject to option)
Rebased Rent
Prime Pedestrianised Town Centre Location
Opposite the Sailmakers Shopping Centre
Neighbouring Occupiers include McDonald's, River Island, O2, Superdrug, Tesco Express, EE and Costa Coffee
Lot 17
Auction 15th February 2024
Rent £50,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
19 miles north-east of Colchester, 54 miles south-east of Cambridge, 65 miles north-east of London
Roads
A12, A14
Rail
Ipswich Railway Station
Air
London Stansted Airport
Situation
Ipswich is the largest town in Suffolk and is a major commercial centre in East Anglia. The property is prominently situated in the heart of the town centre on the northern side of the busy and pedestrianised Tavern Street, close to the entrance of the Sailmakers Shopping Centre. Neighbouring occupiers include McDonald's, River Island, O2, Superdrug, Tesco Express, EE and Costa Coffee.
Tenure
Freehold.
Location
Miles
19 miles north-east of Colchester, 54 miles south-east of Cambridge, 65 miles north-east of London
Roads
A12, A14
Rail
Ipswich Railway Station
Air
London Stansted Airport
Situation
Ipswich is the largest town in Suffolk and is a major commercial centre in East Anglia. The property is prominently situated in the heart of the town centre on the northern side of the busy and pedestrianised Tavern Street, close to the entrance of the Sailmakers Shopping Centre. Neighbouring occupiers include McDonald's, River Island, O2, Superdrug, Tesco Express, EE and Costa Coffee.
Tenure
Freehold.
Description
The property is an attractive building comprising ground floor retail accommodation with ancillary accommodation on the basement, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six week Completion
EPC
Band C. See legal pack.
Description
The property is an attractive building comprising ground floor retail accommodation with ancillary accommodation on the basement, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six week Completion
EPC
Band C. See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground Basement First Second
Retail Ancillary Ancillary/Office Office
96.00 44.04 86.13 78.50
(1,034) (474) (884) (845)
VODAFONE LIMITED (CRN 01471587) (1)
5 years from 29/09/2023 (3)
£50,000
Total
300.67
(3,237) (1)
£50,000
(1) For the year ending 31/03/2022 Vodafone Limited reported a Turnover of £5,543,200,000 a Pre-Tax Profit of negative £346,000,000 and a Net Worth of £4,629,100,000 (NorthRow 18/01/2024). The tenant has sublet the property to a franchisee, KMML Communications LTD (crn11797710). (2) The lease provides for a tenant option to determine the lease on 29th September 2026 subject to 6 months notice.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
