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For Sale: £1,395,000

Elm House & Elm Court, 25 Elm Street, Ipswich, Suffolk, IP1

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  • Area

    area
    26614Sq Ft

Location
Ipswich is the county town of Suffolk with a resident population of approximately 135,000.

The property is located in Elm Street, being part of the traditional professional district, although having seen a significant number of offices converted to residential premises in recent years. The property is accessed off Elm Street close to its junction with Museum Street. The Cornhill and central retail district is within a 2 minute walk and the railway station and Waterfront within a 10 minute walk. The train journey to London (Liverpool Street) is approximately 1 hour 5 minutes.

Description
Elm House comprises an attractive, two storey Grade II Listed period building, linked to Elm Court, a four storey purpose built office to the rear.

Elm House was originally a 19th century house, of brick construction under a pitched slate roof, which has been sympathetically converted, to now provide reception, a suite of meeting rooms and other offices. The building is shown hatched blue on the site plan.

Elm Court was built in the mid 1970s and is believed to be of concrete frame construction with brick elevations under a flat roof. The premises are served by a separate entrance leading to stairs and lift to the upper floors, together with a rear enclosed fire escape staircase. The premises provide a mix of cellular and open plan offices with ancillary accommodation including kitchens, toilet facilities and strong room. The general specification includes suspended ceilings with recessed lighting, solid floors and perimeter trunking. The building benefits from Prior Approval for conversion to 25 studios and flats and is hatched red on the site plan.

The two buildings are joined by a single storey, flat roof link which extends along the northern boundary and merges into the ground floor of Elm Court, providing additional office accommodation.

Accommodation
The premises provide the following approximate areas:

Elm House    
Ground Floor Offices 1,933 179.58 2,665 258.82
Ground Floor Cupboards 28 2.61  
First Floor Offices 1,309 121.61 1,963 182.37
Total 3,270 303.79 4,628 429.96
Elm Court    
Ground Floor Offices 6,579 611.21 7,552 701.60
Ground Floor Entrance Lobby 54 5.02  
First Floor Offices 4,160 377.18 4,854 450.94
Second Floor Offices 4,154 385.92 4,784 444.45
Third Floor Offices 4,137 384.34 4,796 445.56
Total 19,084 1,587.14 21,986 2,042.55
TOTAL 23,354 2,169.64 26,614 2,472.50

N.B: For the purposes of calculating the net internal floor areas (NIA) it has been assumed that the majority of the internal masonry walls within Elm Court are not structural load bearing walls and could be removed. However this is to be confirmed.

Development Potential

Prior approval was granted on 18th February 2022 for the conversion of Elm Court to provide a mix of studios, one bed and two bed flats across 25 units together with bicycle storage and additional ancillary residential accommodation (reference IP/21/00829/P3JPA).

Elm House is considered suitable for a variety of alternative business uses or further residential conversion, subject to planning.

Information Pack

An information pack providing copies of the associated planning documents and floor plans is available via our website: www.fennwright.co.uk/developments

Services

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

The property is served by a gas central heating system with air conditioning units fitted to some areas.

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.

Business Rates

The premises are currently assessed as follows:

Rateable Value £114,000
Rates Payable (2022/23): £ 58,368pa

Local Authority

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

Energy Performance Certificate

Reference 0050-8987-0325-1760-4094

Energy rating C (expires 4th May 2025)

Terms

The property is being sold by informal tender with best and final offers invited by 2pm on Tuesday 10th May 2022.

The property is VAT exempt.

Features

  • Town centre location
  • Attractive Grade II Listed period building, together with large four storey purpose built offices.
  • Prior Approval for conversion of purpose built offices to 25 studios and flats
  • NIA 23,354 sq ft (2,169.64 sq m) GIA 26,614 sq ft (2,472.50 sq m) plus 18 parking spaces

Map

Call

Alistair Mitchell

01473 232701
Make an enquiry

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