Let to NCP Limited on a new 15 year lease until 2027(1)
Prominent position opposite Ipswich Town Stadium
Future development potential
Approximate site area of 0.38 acres
Annual RPI Index Linked Reviews capped at 2.5% per annum
Parking for approximately 55-60 cars
Landlord rolling option option to break from year 2
Five Week Completion Period Available
Lot 45
Auction 24th May 2012
Rent £25,000 per Annum Exclusive
Status Sold Post
Price
Sector Development
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Behalf of Mapeley
Property Information
Location
Miles
17 miles north-east of Colchester, 70 miles north-east of London
Roads
A1071, A1022, B1075
Rail
Ipswich Railway Station (68 minutes to London Liverpool Street)
Air
London Stansted
Situation
The site is prominently located on the eastern side of Portman Road, directly opposite Ipswich Town Stadium within walking distance of the town centre and Ipswich rail station. Other nearby occupiers include CSV Media Clubhouse, Rileys Pool Bar and Drum & Monkey Public House.
Tenure
Freehold.
Location
Miles
17 miles north-east of Colchester, 70 miles north-east of London
Roads
A1071, A1022, B1075
Rail
Ipswich Railway Station (68 minutes to London Liverpool Street)
Air
London Stansted
Situation
The site is prominently located on the eastern side of Portman Road, directly opposite Ipswich Town Stadium within walking distance of the town centre and Ipswich rail station. Other nearby occupiers include CSV Media Clubhouse, Rileys Pool Bar and Drum & Monkey Public House.
Tenure
Freehold.
Description
The site comprises a parcel of land of approximately 0.15 hectares (0.38 acres) currently used as car parking for approximately 55-60 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The site comprises a parcel of land of approximately 0.15 hectares (0.38 acres) currently used as car parking for approximately 55-60 cars.
VAT
VAT is applicable to this lot.
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
Reviews
Ground
Car Parking
1,543 sq m
(16,608 sq ft)
NCP LIMITED
15 years from May 2012 until May 2027 (1)(2)
£25,000 (3)
May 2013 (4)
Totals
1,543 sq m
(16,608 sq ft)
£25,000 (4)
(1) Heads of Term have been agreed but the lease is yet to be completed. (2) The lease will provide for a landlord’s rolling option to break from year 2 of the term, subject to 6 months’ notice. (3) The rent is to be paid monthly in advance. (4) The rent will be subject to annual RPI Index linked increases, capped at 2.5% per annum.
