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Lot 8
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Stowmarket Business Park, Ernest Nunn Road, Stowmarket, IP14 2ED

Sold for £302,000
Unique office investment, 12% yield... Business Centre + 1 Acre of land

Property Details

Description

This established Business Centre can be found just off the A14 in the thriving town of Stowmarket. With its rail links to London Liverpool Street situated only 1.5 miles away, by road, the Suffolk market town is approximately 13 miles/25 minutes to the North East of the county town of Ipswich and 45 miles/1 hour to the city of Cambridge.
The property comprises of a refurbished single-storey self-contained office building, currently divided into 13 smaller self-contained suites with central reception area, meeting room, communal kitchen, male/female and disabled toilets, together with on-site car parking for an estimated 35 vehicles.

Key Features

  • ESTABLISHED CENTRE
  • EXCELLENT ACCESS A14
  • SINGLE-STOREY
  • REDEVELOPMENT (STP)
  • APPROX. 4,000 SQ. FT.
  • PARKING 35 CARS
  • 70% OCCUPANCY
  • 12% YIELD
Tenure

Freehold

EPC

TBC

Viewing

By appointment with the Auctioneers

Location

Stowmarket Business Park, Ernest Nunn Road, Stowmarket, IP14 2ED

*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 £900 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.