Town Centre, Part Let Office Investment
Transcription
Town Centre, Part Let Office Investment
Commercial - Suffolk 01473 232 701 Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL Freehold For Sale Prominent building adjoining bus station 634 sq m (6,825 sq ft) with on site parking for 12 vehicles Ground and first floors let at £30,500 per annum Second floor let at headline rent of £15,500 per annum Offers invited in the region of £475,000 Most active agency in Suffolk and North Essex Estates Gazette (February 2014) Town Centre, Part Let Office Investment Details Location Accommodation Ipswich is the County town of Suffolk with a resident population of approximately 130,000. The A12 and A14 dual carriageways provide excellent road communications with the national motorway network, London and The Midlands. Ipswich rail station provides a regular service to London (Liverpool Street) with a journey time of approximately 1 hour 10 minutes. The premises provide the following approximate net internal floor areas: Adelphi House is located to the south of the town centre in a prominent position, adjoining the Old Cattle Market Bus Station as shown on the site plan, edged red for identification purposes only. The central shopping and business districts and Waterfront area are all within a short walk. *(area under 1.5 metres head room 46.42 sq m (177 sq ft)) The car park serving the property is situated directly opposite the building and is edged blue on the plan. Description Adelphi House comprises a modern purpose built office building, arranged over ground and two upper floors. The ground floor has a glazed frontage to Turret Lane, with recessed entrance doors. There are two further entrances to the premises along the southern elevation. The premises provide predominantly open plan accommodation with some partitioning to create private rooms. There are staircases at either end of the building serving the upper floors, together with a single four person passenger lift. Disabled WC and shower facilities are provided at the rear of the ground floor, with further WC facilities located at first and second floor levels. Ground floor First floor Second floor 189.89 sq m 234.76 sq m *209.48 sq m (2,044 sq ft) (2,527 sq ft) (2,254 sq ft) Total net internal floor area 634.13 sq m (6,825 sq ft) Tenancies The ground, first floor and the rear part of the car park (5 spaces) is subject to a lease granted to Thrive Tribe Limited (formerly Live Well Limited) for a term of 5 years from 21 April 2011. The lease is contracted out of the security of tenure provisions of the 1954 Landlord and Tenant Act. The lease is upon full repairing and insuring terms, subject to a schedule of condition. The rent is £30,500 per annum exclusive. The tenant occupies the rear room of the first floor under the terms of a separate licence agreement. It is understood that the tenant will not be renewing their lease. The second floor consists of a suite of offices comprising three large rooms and subject to a lease granted to William Farrall Woodward for a term of 6 years from 15th December 2015. The lease is contracted out of the security of tenure provisions of the 1954 Landlord and Tenant Act and incorporates an open market, upwards only rent review and a tenant only break clause at the end of the 3rd year. The initial rent is £15,500 per annum, subject to a 50% concession for the first 12 months. The specification of the premises includes carpet floor coverings, perimeter trunking, gas fired central heating and florescent lighting, with suspended ceilings fitted to some areas. The middle section of the first floor has been fitted out by the current tenant for use as a gym. Business Rates The car park provides parking for approximately 12 vehicles. Ground and First Floor: Rateable Value: £28,750 Particulars for Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL From verbal enquires with the local rating authority we understand the property is assessed as follows: Second Floor: Rateable Value: £12,750 Car Park (front): Rateable Value: £4,200 Car Park (rear): Rateable Value: £3,500 FOR IDENTIFICATION PURPOSES ONLY NOT TO SCALE Local Authority Viewing Ipswich Borough Council Grafton House 15-17 Russell Road Ipswich Suffolk IP1 2DE Tel: 01473 432000 Strictly by prior appointment with the joint sole agents: Terms Contact Alistair Mitchell agm@fennwright.co.uk Offers are invited in the region of £475,000 for the freehold interest. The sale price is subject to VAT. Particulars Prepared in January 2016. . Particulars for Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL Fenn Wright 1 Buttermarket, Ipswich, IP1 1BA 01473 232 701 fennwright.co.uk Elsom Spettigue Associates 2 Quaypoint, Station Road, Woodbridge, IP12 4AL Contact Peter Elsom 01394 446480 peter.jo.elsom@esassociates.co.uk For further information 01473 232 701 fennwright.co.uk Fenn Wright for themselves and for the vendors or lessors of this property whose agents they are give notice that: i. The particulars are set out as a general outline for the guidance of intending purchasers or lessees; and do not constitute, nor constitute part of, an offer or contract. ii. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii. The vendor or lessor does not make or give, and neither Fenn Wright nor any person in their employment has the authority to make or give, any representation or warranty whatsoever in relation to this property. iv. All statements contained in these particulars as to this property are made without responsibility on the part of Fenn Wright or the vendor/lessor. v. All quoting terms may be subject to VAT at the prevailing rate from time to time. vi. Fenn Wright have not tested any electrical items, appliances, any plumbing or heating systems and therefore, cannot give any warranty or undertaking as regards their operation or efficiency. Particulars for Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL Fenn Wright have Essex and Suffolk covered
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