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Lot 9
10

Britannic House, 28 Princes Street, Ipswich, IP1 1RJ

Sold for £224,000
Stunning office building... Ipswich town centre location

Property Details

Description

This impressive office building is situated in the heart of Ipswich’s commercial district fronting the internationally renowned Norman Foster Willis building. We understand that the building was originally commissioned by Britannic Assurance and is seen to have been routinely maintained throughout its life although it now offers some scope for enhancement. Spanning approx. 2000 sq ft over 3 floors together with a useful basement it offers huge potential for a variety of uses subject to planning. While the ground floor is currently vacant, the upper 2 floors are let at a rent of £625pcm. Full details of the tenancy are contained within the Legal Pack. A wonderful building deserving of further development and investment.

Key Features

  • INVESTMENT OPP
  • HUGH POTENTIAL
  • PART TENANTED
  • OVER 3 FLOORS
  • CENTRAL LOCATION
  • FLOOR PLANS ONLINE
  • PHOTOS ONLINE
  • MUST BE VIEWED
Tenure

Freehold

EPC

TBC

Viewing

Wed 11 Jul 15:30 - 16:30
Additional viewings may be available by appointment

Solicitors

Mr Adrian Green
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Current Yield.

£625 pcm / £7,500 pa

Location

Britannic House, 28 Princes Street, Ipswich, 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 £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.