3-5 Falcon Street Ipswich Suffolk IP1 1SL
Price: Buy: POA
Size: 2153 sq ft200 sqm Primary Category: Leisure All Categories:
Leisure, Property Ref/Movehut: MH579081 Property Ref/Agent: 243
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 21, 2019
Late night venue adjoining the Buttermarket redevelopment
200 sq m Net Internal Area - (2,153 sq ft)
Gross Internal Area (GIA)- 421 sq m (4,531 sq ft) approx
Prime town centre location adjoining Buttermarket
Valuable late licence until 4am
Limited competition in immediate area
Freehold or leasehold options available
Suitable for a variety of uses (stp)
The property is located in the centre of Ipswich (population circa 130,000+), the County town of Suffolk. The property fronts the Buttermarket centre, Ipswich's largest covered shopping centre with 420 space car park. The car park is now open 24 hours a day driving footfall to this area. Planning permission has been granted for the redevelopment of the centre to provide a 12 screen Empire Cinema, which will be at the heart of the 35m redevelopment, which will also include a 20,000 sq ft gym, operated by Pure Gym, plus nine restaurants. New Look will be open a 14,000 sq ft flagship retail store alongside TK Maxx. Restaurants include Byron Burger, Wagamama, Prezzo, Cosy Club, Coast to Coast alongside Revolution Bar which is next door to Bowmans Bar.
The property is a substantial, detached brick built Grade II listed building extensively refurbished recentlyfrom a former printers workshop. The property trades over three floors and basement.
The ground floor is accessed via central lobby and provides bar servery, cloakroom and fixed seating, alongside various storage areas. Stairs lead to the basement providing dedicated male and female WC's. Additional stairs lead to the main double height trade area at 1st floor level with raised stage and dedicated bar servery.
A further mezzanine area is provided at 2nd floor with separate WC and bar servery.
The premisesbenefits from a late license until 4am Thursday, Friday, Saturday and Sunday and 2am the rest of the week with capacity for 475.
Trading is currently on Friday and Saturday nights only and there is significant growth potential for an experienced operator with a known brandwith the addition of extended trading hours.
General enquiries can be made at or 7.
The property may be suitable for a variety of uses, subject to the necessary consents.
The property is available freehold with vacant possession. Please enquire for further information.
Alternatively anew freeof tie lease is available for a new 20 year fully repairing lease, subject to covenant strength.
ALL REASONABLE FREEHOLD OFFERS WILL BE CONSIDERED.
Rates & Charges
27,782.00 per annum (based on a Rateable Value of 58,000)
There is no domestic accommodation on site
EPC for 3-5 Falcon Street Ipswich Suffolk IP1 1SL
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