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Lot 6
7

Norris House, Hadleigh Road, Elton Park Industrial Estate, Ipswich, Suffolk, IP2 0HU

Sold for £330,000
Commercial investment... with planning for residential conversion

Property Details

Description

Situation in a high-profile location on the south-western edge of Ipswich is this substantial detached office premises (circa. 6000 sqft) with plenty of on-site parking.
Planning Permission has been granted for the change of use from offices to 8 self-contained residential apartments. The indicative plans showing apartment size of between 700 – 900 sqft. As offices, the accommodation is of open plan format with cellular subdivision and benefits from double glazing and air conditioning. Although now vacant the property was formally let to two different tenants. As a commercial investment this Lot offers excellent potential. As a residential conversion proposition we believe the scheme would work both on a speculative basis and for development to be held in a high yielding residential portfolio.

Key Features

  • RESI. CONVERSION
  • 6000+ SQ.FT. COMM
  • VACANT POSSESSION
  • PARKING
  • PP FOR 8 X APARTMENTS
  • VIDEO TOUR ONLINE
  • FULL PLANS ONLINE
Tenure

Freehold

EPC

TBC

Viewing

Strictly by appointment with the Auctioneers

Solicitors

Ms Zoe Zhang
Prettys
Elm House
25 Elm Street
Ipswich
IP1 2AD

Planning Ref.

IBC - IP/20/00817/P3JPA

Location

Norris House, Hadleigh Road, Elton Park Industrial Estate, Ipswich, Suffolk, IP2 0HU

*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.