Ipswich Street, Stowmarket, Suffolk, IP14

Prime retail unit in Stowmarket Town Centre. NIA extending to approx. 50.11 sqm (539 sqft).

LOCATION
The premises is located in a prominent position in Stowmarket Town Centre. Nearby occupiers include Argos, Peacocks, Superdrug, Holland and Barrett, Boots and Greggs. Stowmarket benefits from convenient access to the A14 and has a mainline railway station with London Liverpool Street approximately 1 h 26 minutes.

DESCRIPTION
The premises is an end of terrace, ground floor retail shop. On the ground floor there is an open plan retail space with large glass display frontage. The landlord is in the process of installing a WC and kitchenette at the rear of the shop. There will be a shared rear access lobby with the first-floor space which the landlord is in the process of converting into a residential flat.

ACCOMMODATION
The premises offers approximate net internal floor areas:
Ground Floor
Retail Area 44.89 sqm 483 sqft
Kitchenette 3.69 sqm 40 sqft
Understairs Store 1.53 sqm 16 sqft
Total Net Internal Area: 50.11sqm 539 sqft

RENT AND AVAILABILITY
10 Ipswich Street £12,500 plus VAT per annum Available

LEASE TERMS
The property is available on a new lease.

DEPOSIT
Three months’ rent.

VAT
All charges are subject to VAT.

BUSINESS RATES
Rateable Value: £12,750 RV 2023
Payable Rates: £6,362.25 per annum
The rates payable are based on the current UBR of £0.499.
Small business rates relief may be available providing a percentage reduction in payable rates. All interested parties should make their own enquiries with Mid Suffolk District Council regarding their rates liability.

SERVICES
Mains electricity connected. The landlord is in the process of installing water and drainage connections in the unit.

ENERGY PERFORMANCE CERTIFICATE (EPC)
Energy rating: ‘C’ (71)

PLANNING
We assume that the property has planning consent for Class E (retail) use by virtue of its previous use. The property may be suitable for a variety uses under Class E including: restaurant, sports and recreation, medical and health services, creche and day nursery, offices and research & developments. All interested should make their own enquiries with Mid Suffolk District Council regarding the intended use.

LOCAL AUTHORITY
Mid Suffolk District Council, Endeavour House, 8 Russell Rd, Ipswich IP1 2BX. Tel:

SERVICE CHARGE
The Tenant will be required to pay a service charge to cover external maintenance and repairs of the property.

COSTS
Each party will bear their own legal costs for entering a new lease.

AGENT’S NOTE
• The landlord is in the process of installing a WC and kitchenette at the rear of the shop. There will be a shared rear access lobby with the first-floor space which the landlord is in the process of converting into a residential flat.

VIEWING AND FURTHER INFORMATION
Strictly by appointment only. To arrange a viewing or for further information please see attached property particulars.