18 Buttermarket, Ipswich, Suffolk, IP1

Location
Ipswich is the county town of Suffolk with a resident population of approximately 130,000 and a retail catchment of almost 320,000. The town is situated approximately 79 miles north east of central London, 43 miles south of Norwich and 18 miles north east of Colchester.

The property is situated on the south side of Buttermarket within the town centre. The Buttermarket is pedestrianised and forms part of the town centre retail core.
Neighbouring occupiers include Toni & Guy, White Stuff, Fatface, Waterstones and New Look.

Description
The premises comprise an attractive Grade II Listed two storey retail unit with basement. The ground floor is currently arranged to provide a sales area to the front with office and storeroom to the rear. The first floor is accessed via an internal staircase to the rear and provides additional storage/office accommodation together with a kitchen/staffroom and WC.

The main sales area is fitted with fluorescent spot lighting, air-conditioning, perimeter power & data points and carpet floor coverings.

The premises benefits from a fully glazed retail frontage onto Buttermarket.

Accommodation
The property provides the following approximate net internal floor areas:
Ground Floor
Sales Area 30.79 sq m ( 331 sq ft)
Rear Office/Store 22.38 sq m ( 241 sq ft)
Store Cupboard 6.38 sq m ( 39 sq ft)

First Floor
Office/Stores 14.35 sq m ( 154 sq ft)
Kitchen/Staff Room 12.37 sq m ( 133 sq ft)
WC -- --

Total Net Internal Floor Area 86.27 sq m ( 929 sq ft)

Services
We understand the property is connected to mains electricity, water and drainage.

We have not tested the services and all interested parties should rely upon their own enquiries with the relevant utility providers in connection with the availability and capacity of all those serving the property including IT and telecommunication links.

Business Rates
The property is assessed as follows:
Rateable Value: £14,500
Rates payable (2024/25) £7,235.50 per annum

The rates are based on the UBR for the current year of £0.499. Small business rate relief maybe available prodiving some relief subject to eligibility. All interested should make their own enquiries with the local rating authority in order to verify their rates liability.

Local Authority
Ipswich Borough Council, Grafton House, 15-17 Russell Road, Ipswich, Suffolk IP1 2DE

Telephone:

Terms
The premises are available on a new business lease upon terms to be agreed at an initial rent of £14,500 per annum exclusive.

A service charge is payable in relation to the common areas and upkeep of the property. Further details are available upon request.

VAT is payable on the rent and service charge at the prevailing rate.

Legal Costs
Each party to be responsible for their own legal costs.