About this property

Detailed Description

The property comprises a modern, purpose-built trade counter unit of steel portal frame construction, under a profile sheet insulated roof. Internally the unit provides front trade-counter area with store and staff room to the rear.

Location

The property is located in the town of Ipswich approximately two miles north-west of the town centre and 20 miles north-east of Colchester, conveniently situated adjacent to the A14.

Accomodation

The property provides the following gross internal floor area.

Description sq m sq ft
GIA 342.74 3,689

Business Rates

Business rates will be the responsibility of the occupier. The premises have the following assessment:-

Description
Rateable Value £37,500
Rates payable for 2023/2024 £18,713

Services

We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Viewing

Strictly by appointment with the sole selling agent:-

VAT

It is understood that the property is VAT registered, however the sale should be treated as a transfer of a business as a going concern (TOGC).

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Terms

The investment is for sale, seeking offers in excess of £450,000, which equates to a net initial yield of 6.36%.