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Lot 5
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Electric House, Lloyds Avenue, Ipswich, Suffolk, IP1 3LE

Auction Date:  September 23, 2026
Guide price £200,000 - £225,000*
Strong, high yielding... high profile tenanted investment

Property Details

Description

An unusual opportunity to acquire the long leasehold interest in the commercial ground floor of one of Ipswich town centre’s most prominent landmark buildings, with a new 125-year lease granted from 2026. Electric House occupies a highly visible position on Lloyds Avenue, adjacent to Sailmakers Shopping Centre, Crown Pools and the town’s main bus interchange. The building has undergone substantial redevelopment in recent years. The retail/office has been occupied by Spicerhaart since 2012 and is currently let until 2030 at a rent of £28,350 per annum. Featuring an impressive glazed frontage with offices behind, the property offers an attractive investment opportunity together with strong future occupational appeal and potential for a variety of alternative uses, stp.

Key Features

  • LANDMARK BUILDING
  • TOWN CENTRE POSITION
  • LONG LEASEHOLD
  • NEW 125 YEAR LEASE
  • G/FLOOR COMMERCIAL
  • LET TO SPICERHAART
  • EXCELLENT FUTURE OCCUPATIONAL APPEAL
Tenure

Leasehold

EPC

C

Viewing

By appointment with the auctioneers

Solicitors

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

Tenancy

5 year FRI Lease from 2025

Current Yield.

£28,350 pa

Download Legal Pack

Location

Ground Floor Commercial, Electric House, Lloyds Avenue, Ipswich, Suffolk, IP1 3LE

*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.