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For Sale: £140,000

430 Woodbridge Road, Ipswich, Suffolk, IP4

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  • Area

    area
    0 - 473Sq 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 Woodbridge Road, approximately 1.9 miles east of the town centre. Woodbridge 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 premises comprises a ground floor retail unit within a terraced two storey building, with a single storey extension to the rear. The premises are currently arranged to provide a retail area to the front with ancillary accommodation including a staff room/kitchen, cloak room and WC to the rear.

The retail area is fitted with spot lighting, electric heating and vinyl floor coverings. The premises benefits from a glazed frontage onto Woodbridge Road.

Two car parking spaces are located to the rear.

The first floor flat and a single space to the rear have been sold off on a long lease, please see further details under Title.

Accommodation
The premises provide the following approximate net internal floor areas:

Sales Area 390 sq ft ( 36.21 sq m)
Kitchen 83 sq ft ( 7.69 sq m)
WC -- --
Total 473 sq ft ( 43.90 sq m)

Business Rates
The premises are assessed as follows:

Rateable Value £6,100
Rates Payable (2022/23) £3,043.90 per annum

The rates are based on a UBR for the current year of £0.49. Small business rate relief may be available. All interested parties should make their own enquiries with the local rating authority in order to verify their rates liability.

Local Authority
Ipswich Borough Council
Grafton House
15-17 Russell Road
Ipswich
IP1 2DE

Tel: 01473 432000

Services
We understand 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.

Tenancies
The first floor flat (430A) has been sold on a 150 year long lease from 22nd February 2018. The current ground rent is £200 per annum. The lease is subject to open market, upwards only rent reviews and tenant only breaks on the 1st January 2025 and 1st January 2025. A copy of the lease is available upon request.

The ground floor is let on a new 10 year lease from 12th January 2022 at a rent of £9,360 per annum exclusive.

Terms
Offers are invited in the region of £140,000 for the freehold interest, subject to the existing tenancies.

The property is VAT exempt.

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

Features

  • Located in a prominent position on Woodbridge Road, approximately 1.9 miles east of the town centre
  • Ground floor retail accommodation
  • Let on a 10 year lease from 12th January 2022 at a passing rent of £9,360 per annum exclusive

Map

Call

Hamish Stone

01473 232701
Make an enquiry

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