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For Sale: £495,000

Under Offer

16 Tacket Street, Ipswich, Suffolk, IP4

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Property Image
Property Image
  • Area

    area
    4751Sq 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.

Tacket Street is to the south east of the town centre, occupiers including a variety of independent retailers and other businesses. The premises occupy a corner position on the south side of the street adjoining the thoroughfare leading to Wingfield Street. Nearby multiple retailers include Sainsbury's and Wilko. A public surface car park is located opposite the property, with an NCP multistorey providing over 500 spaces located behind the property, on the opposite side of Wingfield Street.

Description
The premises comprise a three storey building with brick elevations, under a pitched tiled roof. The property benefits from a fully glazed retail frontage, with a return frontage to the adjoining throughfare. The premises have most recently been occupied as a restaurant operating from all three floors and including two bar areas on ground and first floor and kitchen/food preparation area to the rear of the ground floor. A disabled WC is provided on the ground floor, with male and female WCs at first floor level. The general specification includes suspended ceilings, recessed lighting and air conditioning to the ground and first floor, with artexed ceilings and electric heating to the second floor.

The upper floors are accessed via an internal staircase towards the front of the premises, together with an emergency staircase to the rear

Accommodation
The property provides the following dimensions and floor areas:

Net Internal Floor Area Gross Internal Floor Area
Ground Floor 1,303 sq ft (121.05 sq m) 1,555 sq ft (144.49 sq m)
First Floor 982 sq ft ( 91.24 sq m) 1,598 sq ft (148.42 sq m)
Second Floor 1,362 sq ft (126.54 sq m) 1,598 sq ft (148.42 sq m)

Total 3,647 sq ft (338.83 sq m) 4,751 sq ft (441.33 sq m)

Gross Frontage: 7.17 metres
Maximum Built Depth: 22.42 metres
Internal Width: 6.62 metres

Planning Permission
Planning permission has been granted to allow the ground floor to be retained for retail use and the upper floors to be converted to provide 4 residential apartments (reference IP/21/00935/FUL dated 21st October 2021).
The proposals include the relocation of the main internal staircase and the creation of a new self-contained side entrance to serve the upper floors.
The proposed floor plans are shown opposite and provide for a one bed/two person and a two bed/three person apartment on both the first and second floors, providing gross internal floor areas of 565 sq ft (52.5 sq m) and 753 sq ft (70 sq m) respectively.

In the event that the upper floors are converted to flats, the planning permission stipulates that the ground floor shall not be brought back into use as a drinking establishment.

Further details of the application and proposed scheme are available upon request.

Business Rates
The property is currently assessed as follows:

Description: Wine Bar & Premises
Rateable Value: £21,250
Rates Payable (2022/23): £10,604 per annum

Services
We understand that the property is connected to mains electricity, water and drainage.

We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

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

Energy Performance Certificate Rating
D (77)

Terms
Offers are invited in the region of £495,000 for the freehold interest with vacant possession upon completion.

VAT
The property is not VAT elected.

Legal Costs
Each party to be responsible for their own legal costs.

Features

  • Three storey property in town centre location.
  • Close to public car parks.
  • Planning permission for conversion of upper floors to four apartments.

Map

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Development team on

01473 417714
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