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For Sale: POA

Under Offer

10 Upper Orwell Street, Ipswich, East Of England, IP4

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  • Area

    area
    1642Sq Ft

Location
Ipswich is the County town of Suffolk with a resident population of approximately 130,000 and a retail catchment of almost 350,000. Ipswich is situated approximately 79 miles north east of Central London, 43 miles south of Norwich and 18 miles north of Colchester.
Upper Orwell Street is on the eastern fringe of Ipswich's central shopping area where a wide range of specialist shops and restaurants are located. This part of central Ipswich is about to undergo a significant regeneration as a result of (1) the conversion of nearby former office premises into residential use (2) the future construction of a new primary school on an immediately adjacent site and (3) the conversion of the former Odeon Cinema for church/community use. Public car parking is close by as is The Regent, Ipswich's 1500 seat concert venue / theatre.

Description
We believe this imposing property was originally built as a public house and a panel forming part of the ornate stonework above its main entrance indicates that the building dates from 1903. The premises are of brick construction with a pitched slate roof and stone surrounds to the front entrance and first floor windows.

The ground floor comprises various interlinking rooms providing a number of office and meeting rooms together with WC and kitchen facilities. The basement provides additional storage accommodation.

The residential accommodation is accessed via a dedicated staircase accessed from Upper Orwell Street and is arranged to provide a two bedroom flat on first floor and a further two bedroom flat on the second floor.

Accommodation & Tenancies
According to our measurements, the property provides the following net internal floor areas and accommodation:

Commercial Accommodation:
Ground Floor 1,145 sq ft (106.40 sq m)
Basement 290 sq ft ( 26.90 sq m)
Total NIA 1,435 sq ft (109.30 sq m)

First Floor Two Bedroom Flat (Max Dimensions):
Living Room 5.05 m x 5.68 m
Kitchen 4.14 m x 3.51 m
Central Hallway 4.29 m x 2.13 m
Bedroom 1 5.73 m x 3.48 m
Bedroom 2 2.49 m x 3.62 m
Bathroom 3.13 m x 3.33 m

Second Floor Two Bedroom Flat:
Let on an assured period tenancy at a rent of £460 per calendar month.

Business Rates & Council Tax:
The property is assessed as follows:

10 Upper Orwell Street
Rateable Value: £5,500
Rates Payable (2021/22) £2,744.50

Flat 10A: Band A
Flat 10B: Band A

Local Authority
Ipswich Borough Council
Grafton House
15-17 Russell Road
Ipswich
Suffolk, IP1 2DE
Telephone: 01473 432000

Terms
The property is to be sold by informal tender, subject to the existing tenancy. Best and final offers are requested by 12 pm on Friday 3rd September 2021 and further details are available upon request.

The sale price will be subject to VAT.

Features

  • Located on the eastern fringe of Ipswich's central shopping area
  • Comprising a commercial unit and two flats
  • Second floor flat let on AST at £460 per month, remainder of accommodation is currently vacant
  • Suitable for a variety of alternative uses, subject to planning

Map

Call

Hamish Stone

01473 232701
Make an enquiry

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