Unit 7 Friars Courtyard- Leasehold For Sale / To Let

UNIT 7 FRIARS COURTYARD .  Self Contained Office Building . 1,256 sq ft . 2 car parking spaces

Long Leasehold For Sale £130,000 + Vat

Also available To Let £6,000 P.A + Vat

LOCATION: The property occupies a prominent location in the heart of the town’s business district, opposite the Grade I Listed Willis Building. Other occupiers located nearby include Blue Arrow, Savills and Birketts Solicitors.

DESCRIPTION: The property comprises a self contained 2 storey office building of traditional brick construction. The building has carpeted floors and benefits from gas fired central heating, fire alarm, kitchen and W.C facilities and is in excellent decorative order.

ACCOMMODATION:
Ground floor office 586 sq ft (54.4 sqm)
First floor office 670 sq ft (62.2 sqm)
Total 1,256 sq ft (116.6 sqm)

PLANNING: The whole property benefits from Class B1 Office Use. Further information is available from Ipswich Borough Council: 01473 432000.

BUSINESS RATES: The whole property is assessed as Offices & Premises – RV £10,250 In the
2017 Revaluation List.

TERMS The property is held on a 199 year lease from 18th March 2014 at a ground rental of £150 p.a + Vat. 2 car parking spaces are held on a 25 year lease from 18th March 2014 at a total rental of £1,700 p.a + Vat.

The whole is available For Sale. Guide price of £130,000 + Vat.

First Floor: Let to Ultima Business Support at an inclusive rental of £6,000 per annum, outside the Landlord and Tenant Act for 1 year expiring 13th August 2020.

Ground Floor: Available To Let on a new FRI lease for a term to be agreed at a rent of £6,000 per annum exclusive. 2 parking spaces are available at £850 each per annum.

SERVICE CHARGE For the year ending December 2017 a service charge of £627 p.a was
payable for car park maintenance.

INSURANCE: For the year ending December 2017 the insurance premium was £158.27.

LEGAL COSTS: Each party to be responsible for their own legal costs involved in the transaction. A deposit of £750 will be required to cover abortive legal costs incurred by the Landlord if the applicant withdraws following agreed Heads of Terms.

EPC Band C68

VIEWING: Strictly by prior appointment through Beane Wass & Box

CONTACT: Richard Bertram or Julian Haywood Smith

SUBJECT TO CONTRACT