Freehold For Sale
Town Centre Office Property 13,311 sq m (1,237 sq m)
Located in central business district
Part let to Arthur J Gallagher Insurance Brokers Ltd.
Secure on-site car parking
A virtual tour of the property can be found here
Ipswich is the county town of Suffolk and major commercial centre of East Anglia. The A12 and A14 trunk routes provide excellent road communications with London, Cambridge, the Midlands and the national motorway network. The M25 and Stansted Airport are both within an hours drive and the approximate train journey time from Ipswich to London Liverpool Street is 1 hour and 10 minutes.
The property is located in the central business district, on the west side of Museum Street, the town’s prime shopping area being immediately to the north.
Description
The property comprises a purpose built office building arranged upon ground and two upper floors providing open plan accommodation. Good quality glazed and studwork partitions have been installed to create individual offices, meeting rooms and kitchen facilities. The rear area of the ground floor, previously used as a computer room facility, has scope for conversion to provide further offices.
A side entrance leads on to a small landscaped courtyard with gated access to the secure covered car park providing 12 spaces and approached via a service road off Blackhorse Lane.
The specification of the premises includes:-
Raised access floors
Air conditioning
Suspended ceilings with recessed lighting
Double glazing
Male/female and disabled WC’s
Kitchen and shower facilities
8 person lift
The original gas fired central heating system has been decommissioned.
Services
The property is connected to mains electricity, water and drainage. As referred to above the previous gas fired central heating system has been decommissioned.
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.
Condition
The front section of the ground floor has been refurbished and the rear section of the ground floor requires full refurbishment or conversion to offices, depending upon future requirements. The entire first floor was refurbished upon the tenant originally taking possession in December 2018.
The front suite of the second floor would benefit from refurbishment prior to occupation although the rear suite was fully refurbished upon the premises being let to Sedgewick International UK in 2018, the tenant having vacated following the service of a break notice in October 2023.
Accommodation
The premises provide the following approximate net internal floor areas:
Ground floor | |||
Front left suite | Vacant | 720 sq ft | 66.89 sq m |
Front right suite | AJG* | 619 sq ft | 57.51 sq m |
Rear suite | Vacant (former computer room) | 861 sq ft | 79.99 sq m |
First floor | |||
Front suite | AJG*. | 1,822 sq ft | 169.27 sq m |
Rear suite | AJG* | 3,767 sq ft | 349.96 sq m |
Second floor | |||
Front suite | Vacant | 1,758 sq ft | 163.32 sq m |
Rear suite | Vacant | 3,764 sq ft | 349.68 sq m |
Total net internal floor area: | 13,311 sq ft | 1,236.62 sq m | |
* Arthur J Gallagher Insurance Brokers Ltd.
A virtual tour of the property can be found here
Terms
Offers are invited in the region of £1,300,000 for the freehold interest.
The property is VAT elected and VAT will be chargeable upon the sale price.
Tenancy Details
The ground floor, front right suite together with the two first floor suites are let to Arthur J Gallagher Insurance Brokers Limited upon a short term renewal lease expiring on 1st October 2024. The rent is £70,000 per annum, equating to £11.28 per sq.ft and the lease is contracted out of the security of tenure provisions of the 1954 Landlord & Tenant Act.
Energy Performance Certificate
The property’s current energy rating is D.
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