A prominent corner building of traditional construction beneath a pitched roof arranged over basement, ground and three upper floors. The building is arranged as two ground floor retail units with ancillary storage at basement level. There is separate access from Upper Brook Street to the first and second floors, which are currently arranged as offices and ancillary accommodation but could offer alternative use potential, such as residential, subject to obtaining the necessary consents. Prospective purchasers are advised to rely on their own enquiries in this regard.
Location
Ipswich is the county town of Suffolk lying approximately 42 miles south of Norwich and 19 miles north east of Colchester. It can be accessed via A137 and A1214, which link with the A14 to the south at junctions and 55 and 56 respectively and in turn the A12. Ipswich railway station provides regional rail services as well as regular direct services to London Liverpool Street. Additionally numerous bus routes serve the area.
Upper Brook Street is one of the main shopping thoroughfares in the town centre. The property commands a prominent position on the west side of Upper Brook Street at its junction with Buttermarket. Notable nearby occupiers include Caffe Nero, Costa Coffee, The Works, Yorkshire Building Society, Sense and Savers.
Accommodation
14 Upper Brook Street - Let to Leiston Online Ltd for a term of 5 years from 10/05/2023
Ground Floor Retail - 216 sq ft
Basement Ancillary - 208 sq ft
Total - 424 sq ft
16 Upper Brook Street - Vacant
Ground Floor Retail - 956 sq ft
Basement Ancillary - 706 sq ft
First Floor Office/Ancillary - 876 sq ft
Second Floor Office/Ancillary - 840 sq ft
Third Floor Ancillary - 827 sq ft
Total - 3,248 sq ft
COMBINED TOTAL - 3,672 sq ft
Terms
Guide Price - £250,000 - £275,000 - Bidder Security £3,500 *fully refundable if unsuccessful bidder
Planning - Ipswich Borough Council (01473 432913) - www.ipswich.gov.uk
Tenure - Freehold
VAT - VAT is applicable to this sale, please refer to the legal documents for further details
Energy Performance Indicator
14 Upper Brook Street: Rating 46 Band B
16 Upper Brook Street: Rating 84 Band D
Specification
- Freehold retail/office building
- Prominent corner position in the town centre
- Two retail units and vacant upper floors
- Alternative use potential (subject to consents)
- One retail unit let until 2028
- Part vacant producing £7,500 per annum