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11
Lot 12
13

63 Carr Street, Ipswich, Suffolk, IP4 1HB

Guide price Sold prior*
Commercial investment... town centre location with established tenant

Property Details

Description

This strong commercial investment is located within the fringe of Ipswich’s primary town centre area. The property is offered on a leasehold basis which extends from a 999-year lease issued in 2021. The established tenant enjoys a 10-year lease from 2021 and is contracted and fully up to date at a rent of £9,000 pa. The ground-floor premises enjoys a frontage of circa 7.15m and a depth of 10.87m. We understand that the existing tenant enjoys a loyal client base and has subdivided the internal space to provide a main salon, two treatment rooms, WC and a small covered outside space. The longer-term prognosis for the property is very positive, with a variety of planning applications having been submitted for residential, education and retail in the immediate vicinity.

Key Features

  • 680 sq ft
  • TOWN CENTRE
  • 999 YEAR LEASE
  • £9,000 PA
  • ESTABLISHED TENANT
Tenure

Freehold

EPC

D

Viewing

By appointment with the Auctioneers

Solicitors

Mr Nick Attwell
Attwells Solicitors
Sun Buildings,
35-37 Princes St,
Ipswich
IP1 1PU

Tenancy

10 Year lease from 2021

Current Yield.

£9,000 pa

Location

63 Carr Street, Ipswich, Suffolk, IP4 1HB

*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.