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For Sale: £250,000

2 – 6 Ellenbrook Green, Ipswich, Suffolk, IP2

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Property Image
Property Image
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  • Area

    area
    1153Sq Ft

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.

Ellenbrook Green is located to the south west of Ipswich town centre in a well populated, residential area. The property is located in a busy neighbourhood shopping parade with nearby occupiers including Post Office, East of England Co-Operative Store, Premier and a variety of independent
occupiers.

Description
The property comprises a mid-terrace, three storey building of brick construction beneath a flat roof with a single storey extension to the rear. The property provides commercial accommodation on the ground floor and a three bed maisonette on the upper floors.

The ground floor comprises a self contained retail unit. Its arranged to provide a large ground floor sales area with rear WC's and staff room/kitchen. The main sales area benefits from a glazed retail frontage, suspended ceiling incorporating fluorescent lighting, comfort cooling/heating and vinyl floor
coverings.

The maisonette is accessed via self contained entrance to the rear of the property and comprises a hallway, kitchen and sitting room on the first floor with three bedrooms and a bathroom on the second floor.

The property benefits from a single garage to the rear.

Accommodation
The property provides the following approximate net internal floor areas & dimensions:

Ground Floor Shop
Sales Area: 1,023 sq ft ( 95.04 sq m)
Kitchen: 112 sq ft ( 10.44 sq m)
Cupboard: 18 sq ft ( 1.68 sq m)
WCs: -- --
Total Net Internal Floor Area: 1,153 sq ft (107.15 sq m)

Maisonette (max dimensions)
First Floor:
Kitchen: 4.18 m x 3.66 m
Lounge: 5.82 m x 4.52 m
Entrance Lobby: 3.89 m x 2.05 m

Second Floor:
Bedroom 1: 3.22 m x 4.13 m
Bedroom 2: 3.21 m x 3.71 m
Bedroom 3: 2.49 m x 3.13 m
Bathroom: 2.40 m x 1.80 m

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

2 Ellenbrook Green Rateable Value: 12,250
6 Ellenbrook Green (Maisonette) Council Tax: Band A

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

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

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

Tenancy
The property is let on a full repairing and insuring business lease for a term of 15 years from 1st April 2010 at a current passing rent of £15,750 per annum exclusive. There is an open market, upwards only rent review at the end of the 10th year which I understand has not yet been implemented.

The lease allows for sub letting of the residential accommodation.

A copy of the lease is available upon request.

Terms
Offers are invited in the region of £250,000 for the freehold interest, subject to the existing tenancy.

It is understood that the property is not elected for VAT.

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

Features

  • Mixed use investment for sale
  • Situated in a busy neighbourhood parade
  • Three storey building, comprising a ground floor retail unit with three bedroom maisonette on the upper floors
  • Let to Ladbrokes Betting & Gaming Ltd (Experian rating 93/100) on a 15 year lease from 01st April 2010

Floor plan

Floorplan Image

Floorplan Image

Map

Call

Hamish Stone

01473 232701
Make an enquiry

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