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For Sale: £300,000

Sold

34 – 40 Derby Road & 210 Rosehill Road, Ipswich, East Of England, IP3

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  • Area

    area
    3024Sq Ft

The property is situated in a prominent position on Derby Road close to the junction with Rosehill Road approximately 1.5 miles east of Ipswich town centre

Description:
34-40 Derby Road is split to provide two retail units. Unit A is currently occupied by a tattooist and is of masonry construction under a flat roof. Unit B (vacant) comprises the main two storey section under a part pitched, part flat roof. The ground floor comprising the main sales area with the first floor providing an additional sales area along with a private office, kitchen and WC.

Both premises benefit from a glazed frontage onto Derby Road and a forecourt running the length of the front elevation.

The units are fitted with gas fired central heating, fluorescent lighting and wooden flooring (ground floor).

210 Rosehill Road (Unit C) immediately adjoins 34-40 Derby Road and comprises a two storey commercial premises which is currently occupied for use as a beauty salon. The property is of masonry construction under a pitch tiled roof. The ground floor comprises the main treatment room to the front with a further treatment room, staff room and WC to the rear. The first floor provides a number of additional treatment rooms.

The tenant undertook extensive refurbishment prior to occupation.

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

Unit A, 34 - 40 Derby Road (Let) Total 51.60 sq m ( 555 sq ft )

Unit B, 34 - 40 Derby Road (Vacant) ~
Ground Floor 76.27 sq m ( 821 sq ft)
First Floor 56.36 sq m ( 599 sq ft)
Total 132.63 sq m (1,428 sq ft)

Unit C, 210 Rosehill Road (Unit C)
Ground Floor 62.28 sq m ( 670 sq ft)
First Floor 34.49 sq m ( 371 sq ft)
Total 96.77 sq m (1,041 sq ft)

Business Rates:
According to the Valuation Office Agency website, the properties are assessed as follows:

Unit A, 34-40 Derby Road Rateable Value: £5,300
Unit B, 34-40 Derby Road Rateable Value: £7,400
Unit C, 210 Rosehill Road Rateable Value: £3,100

All interested parties should make their own enquiries with the local rating authority in order to verify their rates liability.

Planning:
A Permitted Development Certificate has already been granted for the conversion of the first floor of Unit B into residential, 1 or possibly 2 flats, and there is also scope to extend above Unit A.

The vacant unit presents a great owner occupier opportunity. Alternatively, from August Class MA will be introduced which will also allow conversion of the ground floor to residential under permitted development, if desired.

In the longer term, conversion of 210 Rosehill Road to a dwelling is also a possibility, subject to the relevant consents.

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

Services:
We understand the main property is connected to mains electricity, gas, water and drainage. 210 Rosehill Road is connected to water and electricity through a sub-metered supply from Unit 34-40.

We have not tested 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.

Tenancies:
Unit A is let on a 5 year lease from August 2020 at a current rent of £6,500 per annum. The rent is subject to annual upwards only, RPI indexed reviews. The tenant contributes a service charge of £45 per month for upkeep and maintenance of the exterior.

Unit B is currently vacant.

Unit C is subject to a business lease granted to Revolution Beauty Clinic Ltd for a term of 10 years from January 2020 at an initial rent of £7,250 per annum. The rent is subject to upwards only, RPI indexed reviews at the end of 3rd & 6th years. There is a mutual break clause at the mid term point.

Terms:
The property is to be sold by public auction on 16th June 2021. The guide price is £300,000 - £350,000 and a legal pack will be available in due course. Legal Costs Both parties to be responsible for their own legal costs. Please refer to Auction House for Additional Fees.

Features

  • **For Sale by Public Auction 16th June 2021**
  • Commercial Investment/Residential Development Opportunity
  • Prominent position on Derby Road on the Rosehill Road junction, approximately 1.5 miles from Ipswich town centre
  • Three neighbouring retail properties. Two let, one vacant.
  • Permitted Development Certificate for conversion of first floor to residential.
  • Guide Price £300,000 - £350,000

Map

Call

Hamish Stone

01473 232701
Make an enquiry

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