Office to rent

Friars Courtyard, Princes Street, Ipswich, Suffolk, IP1

5,523 sq. ft. | £48,000 pa| £4,000 pcm

Property Description

Commercial information

  • 5,523 sq ft (513 sq m)

Letting information:

Letting type: Commercial

Key features

  • Units 2 and 3 AVAILABLE. TO BE REFURBISHED.
  • Unit 1 now LET.

Full description

LOCATION: The property occupies a prominent location in the heart of the town centre, opposite the main Willis HQ which is a Grade I Listed office building. Other occupiers located nearby include Attwells and Swinton Insurance.

DESCRIPTION: 30-32 Princes Street is an impressive office building which was purpose built around 1986. Unit 1, which fronts Princes Street is arranged on lower ground, ground and 3 upper floors with basement storage. The ground floor has an extensive window frontage to Princes Street and also planning permission for a new doorway access if required. Units 2 & 3 to the rear are arranged on ground and 2 upper floors also with basement storage. Both buildings benefit from up to 9 car parking within Friars Courtyard.

ACCOMMODATION:
Unit 1:
Basement - Storage 75.2 sqm (809 sq ft)
Ground Floor Offices 89.4 sqm (962 sq ft)
First Floor Offices 124.5 sqm (1,340 sq ft)
Second Floor Offices 125.6 sqm (1,351 sq ft)
Third Floor Offices 21.7 sqm (233 sq ft)
Total 436.4 sqm (4,695 sq ft)

Units 2&3:
Basement/Storage 137.8 sqm (1,483 sq ft)
Ground Floor Office 130.3 sq m (1,403 sq ft) with Kitchen
First Floor Office 127 sqm (1,367 sq ft)
Second Floor Office 118 sqm (1,270 sq ft)
Total 513.1 sqm (5,523 sq ft)

There are a total of 9 car parking spaces available within Friars Courtyard.

PLANNING:
The property benefits from full planning permission for Class B1 Office Use, although the ground floor of Unit 1 also benefits from use within Class A2 (Financial and Professional Services). Planning permission was granted on 3rd September 2014 (ref IP/14/00591/P3JBA) for a change of use for units 2&3 from Offices into
6 x 2 bedroomed self contained flats. Further details are available upon application.

BUSINESS RATES:
The property is currently assessed as follows;
Unit 1 Ground Floor/ Basement- Offices - undergoing reconstruction.
Previously in the rating list from April 2010 at RV 32,500
Second Floor RV 8,600
Third Floor RV 1,300
Units 2&3 are assessed at RV 38,750 to include 4 car parking spaces.

The National Non-Domestic Rating Multiplier for the current year 2015/16 is 49.3p in the 1

In the event of partial occupation then these rating assessments may be subject to further sub-division by the District Valuer.

TENURE: The freehold of Unit 1 may be available - Price on Application
Units 2&3 could be purchased for a residential refurbishment on a new 199 year long lease at an initial ground rental of 250 per annum. Premium offers of around 425,000 plus VAT are sought.

TERMS: Unit 1 Friars Courtyard is available at a rental of 40,000 pa + VAT, whilst Units 2&3 are available at 48,000 pa + VAT. Car parking spaces are available at 850 per space per annum. The quoting rentals for individual floors are; Ground floor 10 per sq ft, upper floors 8 per sq ft. Incentives may also be available, subject to status.

EPC: EPC's are attached

LEGAL COSTS: Each party to be responsible for their own legal costs involved in any transaction

VIEWING: Strictly by prior appointment through Beane Wass & Box on Tel: (01473) 212656 or E-Mail: rbertram@bw-b.co.uk

CONTACT: Richard Bertram

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Ipswich (0.4 mi)
  • Derby Road (1.4 mi)
  • Westerfield (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Beane Wass & Box, Ipswich

16 Arcade Street, Ipswich, IP1 1EP

01473 870145 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Ipswich (0.4 mi)
  • Derby Road (1.4 mi)
  • Westerfield (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Beane Wass & Box, Ipswich

16 Arcade Street, Ipswich, IP1 1EP

01473 870145 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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