190 and 192 Felixstowe Road Ipswich Suffolk IP3 9AE

190 and 192 Felixstowe Road
Ipswich
Suffolk
IP3 9AE

Prominent Freehold Retail and Residential Investment

Main road corner location facing Rosehill Retail Park
Shop let to Johnsons Cleaners UK Limited with guarantee from Timpson Limited
Lease expires June 2030 (subject to option)
Includes valuable on-site customer parking for 6 cars
Includes two separately-accessed 1-bed flats above let on AST's
Same residential tenants occupying since 2017 & 2019
VAT-free investment
Opposite Rosehill Retail Park where nearby occupiers include Aldi, Bargain Buys and Greggs with 160 space car park

Lot
25
Auction
9th May 2024
Rent
£37,300 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

Important Update Interested?

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Prominent Freehold Retail and Residential Investment

Main road corner location facing Rosehill Retail Park
Shop let to Johnsons Cleaners UK Limited with guarantee from Timpson Limited
Lease expires June 2030 (subject to option)
Includes valuable on-site customer parking for 6 cars
Includes two separately-accessed 1-bed flats above let on AST's
Same residential tenants occupying since 2017 & 2019
VAT-free investment
Opposite Rosehill Retail Park where nearby occupiers include Aldi, Bargain Buys and Greggs with 160 space car park

Lot 25
Auction 9th May 2024
Rent £37,300 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 19 miles north-east of Colchester, 54 miles south-east of Cambridge
Roads: A12, A14, A137, A1156
Rail: Derby Road Railway Station, Ipswich Railway Station
Air: London Stansted Airport

Situation

The property is prominently situated on the corner of Felixstowe Road (A1156), at its junction with Hatfield Road, opposite Rosehill Retail Park in the predominantly residential suburb of Rosehill. Nearby occupiers include Aldi, Bargain Buys, Greggs and British Heart Foundation.

Tenure

Freehold.

Location

Miles: 19 miles north-east of Colchester, 54 miles south-east of Cambridge
Roads: A12, A14, A137, A1156
Rail: Derby Road Railway Station, Ipswich Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground floor, and two separately-accessed 1-bed flats arranged on the first and second floors. The shop benefits from 6 car parking spaces to the side/rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (shop)

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (shop)

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail/Ancillary	96.33	(1,037)	JOHNSON CLEANERS UK LIMITED with a guarantee from TIMPSON LIMITED (1)	10 years from 12/06/2020 (2)	£25,000
First/Second (Flat 1)	Residential - 1 bed flat	-	-	AN INDIVIDUAL	AST from 12/04/2019 at £515 pcm	£6,180
First/Second (Flat 2)	Residential - 1 bed flat	-	-	AN INDIVIDUAL	AST from 08/03/2017 at £510 pcm	£6,120
Total Commercial Area		96.33	(1,037)			£37,300

(1) Johnsons Cleaners, a part of Timpson Limited, have been trading for over 200 years and operate from over 200 stores across the UK (www.timpson-group.co.uk). For the year ending 01/10/2022, Timpson Limited reported a turnover of £182,927,000, a pre-tax profit of £24,723,000 and a net worth of £118,642,000 (www.northrow.com).
(2) The lease is subject to a tenant only option to determine on 12/06/2025.

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.