- Let to Huws Gray Limited
- Excellent Covenant
- 10-year lease, approximately two years remaining
- Potential for rental growth at renewal
- Positioned between Euro Car Parts and Toolstation
INDUSTRIAL UNIT | INVESTMENT
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%.
To arrange a viewing contact
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