25 Princes Street, Ipswich

SOLD Self Contained Office Building on Ground, 1st, 2nd and 3rd Floors

LOCATION: The property occupies a very prominent location in the heart of the town’s business district. Other occupiers located nearby include William H Brown, Ipswich Building Society and Willis Towers Watson.

DESCRIPTION: Last occupied by letting agents, the property comprises four storeys with individual offices on three floors, together with male / female W.C accommodation. The offices are laid to carpet with timber flooring to the third floor storage area. The building has an interesting stone frontage and features wood panelling and banisters to staircase, a cupola and Juliet balconies.

ACCOMMODATION:
Ground Floor: Sqm Sq ft
Reception Area 18.9 204
Office 22 237

First Floor:
Office 11.8 128
Office 10.8 117
Office 15.5 168

Second Floor:
Office 12.1 131
Office 15.2 164
Kitchen 10.8 117

Third Floor:
Store Room 12.57 130
Nett Useable Area: 130.15 1,396

PLANNING: We are unable to locate any planning history. The property probably benefits from Class A2 Use (Financial and Professional Services) but is suitable for Class B1 Office Use as well. Further information is available from Ipswich Borough Council—01473 432000.

BUSINESS RATES: The property is assessed as Offices & Premises – RV £10,500 In the 2017
Rating Revaluation.
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– 01473 433851.

TERMS: The property is available to let on a new lease on full repairing terms at a rent of £14,000 p.a.

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

VIEWING: Strictly by prior appointment through joint agents:

Beane Wass & Box
Tel: (01473) 212656
Email: enquiries@bw-b.co.uk
Contact: Richard Bertram or Julian Haywood Smith

elsom spettigue associates
Tel: (01394) 446480
Email: info@esassociates.co.uk
Contact: Peter Elsom

SUBJECT TO CONTRACT