Retail premises for sale

£325,000 (£720.62/sq. ft)

18 St Helens Street, Ipswich IP4

Retail premises for sale 451 sq. ft*
Interested in this property? Call +44 1473 679871 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Site area approx 0.04 hectare (0.1 acre)
  • Ground floor lock-up shop producing £5,200 pax
  • First floor 2 bedroom flat producing £4,800 pax
  • Rear car park site 13 spaces producing £7,020 pax
  • For sale freehold £325,000 subject to the existing tenancies
  • Would suit residential redevelopment s.t.p.p.
  • East Ipswich location close to town centre

Property description

Situation
The premises are prominently located on one of the main routes into Ipswich town centre, to the east of the town. The premises are within short walking distance of the main town centre sitting between the Bond Street and Orchard Street junctions on St Helens Street, opposite the former county council buildings which are due to be redeveloped.

Description
This fully let investment property comprises a ground floor shop with a first floor 2 bedroom flat, and 13 space car park site to the rear.

The property would be suitable for residential redevelopment for either terraced houses or flats subject to planning.

Accommodation (All dimensions and areas approximate)
Ground Floor Shop 41.9 sq m 451 sq ft

Tenure and Tenancies
The ground floor shop is currently let on a 6 year lease from June 2018 at a rent of £5,200 per annum exclusive. The first floor flat is currently let on an asht at £4,800 per annum. The rear car park site has 13 spaces and currently produces £7,020 per annum. The total rental income is currently £17,020 per annum.

Price
The freehold interest of the whole property is available for sale at a price of £325,000 subject to the existing tenancies.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Penn Commercial, IP2 on +44 1473 679871 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Penn Commercial, and do not constitute property particulars. Please contact Penn Commercial for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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