5 Buttermarket, Ipswich, IP1 1BE

Location

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 situated on northern side of Buttermarket within the town centre. The Buttermarket is pedestrianized and forms part of the town centre retail core.

DESCRIPTION:

The property comprises a mid-terrace three storey retail unit with basement. The ground floor is arranged to provide a main sales area with fully glazed retail frontage, the first floor provides a partitioned office/storage area and the second floor provides a further store/office together with a WC and kitchen. The basement provides further storage.

The specification of the main retail area includes suspended ceilings incorporating fluorescent lighting, air-conditioning and perimeter power & data points.

ACCOMMODATION:

[Approximate Net Internal Floor Areas]

Ground Floor
Retail: 368 sq ft [ 34.21 sq m]

First Floor
Front Office: 203 sq ft [ 18.84 sq m]
Rear Store: 154 sq ft [ 14.31 sq m]

Second Floor
Office: 186 sq ft [ 17.28 sq m]
Kitchen: 57 sq ft [ 5.30 sq m]
WC: -- --

Basement: 302 sq ft [ 28.07 sq m]
Total Net Internal Floor Area: 1,207 sq ft [ 86.27 sq m]

BUSINESS RATES:

According to the Valuation Office Agency website, the premises has a Rateable Value of £11,250. The rates payable (2024/25) is £5,613.75 per annum based on the current UBR for 2024/25 of £0.499.

Small business rate relief may be available to occupiers providing some relief, subject to eligibility. All interested parties should make their own enquires with the local rating authority in order to verify their rates liability.

SERVICES:

It is understood that the premises 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 those serving the property including IT and telecommunications.

PLANNING:

We understand that the premises has permission for Use Class E.

All interested parties should make their own enquiries with the local planning authority.

LOCAL AUTHORITY:

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

TERMS:

Offers are invited in the region of £190,000 for the freehold with vacant possession upon completion. Consideration may also be given to letting the property.

VAT position to be confirmed.

LEGAL COSTS:

Each party is to be responsible for their own legal costs.

Summary

Key points

• Strong trading location on Buttermarket
• Neighbouring occupiers include Costa Coffee, Lloyds TSB, New Look and Toni & Guy
• Contact

Fenn Wright
Tel: 01473 232701
Hamish Stone
hws@fennwright.co.uk