Specsavers 11 Ipswich Street Stowmarket Suffolk IP14 1AH

Specsavers
11 Ipswich Street
Stowmarket
Suffolk
IP14 1AH

Freehold Retail Investment

Let to Specsavers Optical Superstores Ltd
Recently renewed 5 year lease from November 2024 (subject to option) at a rebased rent
Ground floor shop with first floor ancillary accommodation
Tenant in occupation for over 15 years
Nearby occupiers include Boots, Superdrug, Holland & Barrett, Argos, Cardfactory and Greggs
VAT-free investment

Lot
25
Auction
27th March 2025
Rent
£20,500 per Annum Exclusive
Status
Sold
Price
£275,000
Auction Venue
Live Streamed Auction
On Behalf of SIPP Trustees

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Freehold Retail Investment

Let to Specsavers Optical Superstores Ltd
Recently renewed 5 year lease from November 2024 (subject to option) at a rebased rent
Ground floor shop with first floor ancillary accommodation
Tenant in occupation for over 15 years
Nearby occupiers include Boots, Superdrug, Holland & Barrett, Argos, Cardfactory and Greggs
VAT-free investment

Lot 25
Auction 27th March 2025
Rent £20,500 per Annum Exclusive
Status Sold
Price £275,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of SIPP Trustees

Property Information

Location

Miles: 13 miles north-west of Ipswich, 15 miles east of Bury St Edmunds
Roads: A14, A134, A140, M11, A1(M)
Rail: Stowmarket Railway Station
Air: Norwich Airport, London Stanstead Airport

Situation

The property is situated on the north side of Ipswich Street, adjacent to QD Stores and close to its junction with Market Place in the heart of Stowmarket Town Centre. Nearby occupiers include Boots, Superdrug, Holland & Barrett, Argos, Cardfactory and Greggs.

Tenure

Freehold.

Location

Miles: 13 miles north-west of Ipswich, 15 miles east of Bury St Edmunds
Roads: A14, A134, A140, M11, A1(M)
Rail: Stowmarket Railway Station
Air: Norwich Airport, London Stanstead Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with consulting rooms and ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

C73

Description

The property comprises a ground floor shop with consulting rooms and ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

C73

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (3)	Floor Areas Approx sq ft (3)	Tenant	Term	Rent p.a.x.
Ground First	Retail Office/Ancillary	102.00 88.50	(1,097) (952)	SPECSAVERS OPTICAL SUPERSTORES LIMTIED t/a Specsavers (1)	5 years from 25/11/2024 (2)	£20,500
Total		190.50	(2,049)			£20,500

(1) For the year ending 29/02/2024 Specsavers Optical Superstores Limited reported a turnover of £2,741,687,000, a pre-tax profit of £323,660,000 and a net worth of £239,593,000 (NorthRow).
(2) The lease provides for a tenant option to determine on 25/11/2027.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.