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For Sale: £130,000

Under Offer

251 Foxhall Road, Ipswich, Suffolk, IP3

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Property Image
Property Image
Property Image
  • Area

    area
    903Sq Ft

Location
Ipswich is one of East Anglia's most important commercial centres with a catchment population of about 350,000. There are good road links to the M25, London and Midlands via the A12 and A14 dual carriageways. London Liverpool Street is just over an hour away from Ipswich by train.

The property is located on Foxhall Road close to the Derby Road junction, approximately 1.5 miles east of Ipswich town centre. Foxhall Road is one of the main arterial roads into the town centre within a high density residential catchment area with various commercial businesses located close by.

Description
The property comprises a mid terrace two storey building of brickwork construction beneath a pitch tiled roof with a flat roof single storey extension to the rear. The ground floor trades as Four Seasons Chinese Takeaway and comprises a sales area/waiting room to the front with store, commercial kitchen and prep area to the rear. The first floor is accessed via an internal staircase and is arranged to provide living accommodation including two bedrooms and a bathroom.

The premises are fitted with a part glazed frontage benefit from fluorescent lighting, tiled and laminate flooring and electric night storage heaters (first floor).

There are two external stores situated to the rear with an extensive garden area beyond.

Accommodation
According to our measurements, the property provides the following net internal floor areas:
Ground Floor:
Serving/Waiting Area 145 sq ft (13.51 sq m)
Store 114 sq ft (10.57 sq m)
Kitchen 101 sq ft ( 9.36 sq m)
Prep Room 88 sq ft ( 8.22 sq m)
First Floor:
Bedroom 1 149 sq ft (13.86 sq m)
Bedroom 2 93 sq ft ( 8.61 sq m)
Bathroom -- --
Rear External Stores:
Store 1 83 sq ft ( 7.71 sq m)
Store 2 78 sq ft ( 7.26 sq m)

Total Net Internal Floor Area 851 sq ft (79.09 sq m)

Business Rates & Council Tax
The premises has a rateable value of £6,700.

The Council Tax is band B.

Services
We understand the property is connected to mains electricity, gas, 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 those serving the property including IT and telecommunications links.

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

Tenancy
The property is let on a business lease for a term of 20 years from the 30th May 2008. The lease is upon full repairing and insuring terms and the current passing rent is £7,500 per annum exclusive. The lease provides for an open market, upwards only rent review at the end of the 10th year (2018) which has not been implemented.

A copy of the lease is available upon request.

Terms
Offers are invited in the region of £130,000 for the freehold interest, subject to the existing tenancy.

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

Features

  • Located on Foxhall Road, approximately 1.5 miles east of the town centre
  • Two storey terraced building with rear stores and garden
  • Let on a 20 year full repairing and insuring lease from May 2008 at a passing rent of £7,500 p.a.x.

Map

Call

Hamish Stone

01473 232701
Make an enquiry

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