Unit 7 Friars Courtyard

Long Leasehold For Sale reduced to £175,000 + Vat

Self Contained, Part Tenanted Office Building

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) (Now let)
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.

BUSINESS RATES: The property is assessed as Offices & Premises – RV £10,250 In the 2017 Revaluation and will be re-assessed now that it has been sub-divided.
Qualifying occupiers may be eligible for small business rates relief which can reduce rates payable by up to 100% for certain properties with low rateable values. Details can be obtained from the Local Authority Business Rates Department.

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 rental of £1,400 p.a + Vat.  The ground floor has been let until 12th October 2019 and the investment income is £7,260 p.a inclusive of insurance, rent and car parking spaces.

SERVICE CHARGE There is a service charge payable, further details on application

LEGAL COSTS: Each party to be responsible for their own legal costs involved in the transaction

EPC Band C68

VIEWING: Strictly by prior appointment through Beane Wass & Box on
Tel: (01473) 212656 or E-Mail: enquiries@bw-b.co.uk

CONTACT: Richard Bertram or Julian Haywood Smith