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Lot 9
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26 Princes Street, Ipswich, Suffolk, IP1 1RJ

Sold for £248,000
Prime commercial unit with potential... PP for residential on upper floors

Property Details

Description

This substantial office building is located in the heart of Ipswich’s commercial district, fronting the internationally renowned Norman Foster Willis building. The property spans three floors together with a large basement. Permission for some residential conversion on the upper floors has been approved. Initially, for the development of 4 studio flats, followed by a further planning application for a two-bedroom flat within the top floor and roof space. We consider the property is ideally suited to an owner-occupier seeking to enjoy a prominent high street presence. Equally, there is a solid investment proposal either as an entire commercial unit or for the development to incorporate the residential approved options. Viewing highly recommended.

Key Features

  • PRIME CENTRAL IPSWICH
  • OPP. WILLIS BUILDING
  • LARGE BASEMENT
  • APPROVAL FOR 4 FLATS
  • PP FOR 2-BED FLAT
  • POT. MIXED YIELD
  • OPEN-PLAN G/FLOOR
Tenure

Freehold

EPC

C

Viewing

By appointment with the auctioneers

Solicitors

Mr Mark Hayward
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Location

26 Princes Street, Ipswich, Suffolk, IP1 1RJ

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.