Skip to content

GUIDE PRICE REDUCED TO £2.7M, 15-17 Lower Brook Street, Ipswich, Suffolk , IP4

£29,167 pcm
£350,000 pa

£8.64 per sq. ft.

Business rates & charges may apply

Fenn Wright, Ipswich Commercial Sales and Lettings
SIZE AVAILABLE
40,494 sq. ft.
(3,762 sq. m.)
SECTOR
Office to lease

Lease details

Lease type:
Long term

Key features

  • Three/Four storey detached office building.
  • 20 onsite car parking spaces and adjoining NCP multi-storey car park.
  • Well located for access to both the Town Centre and the Waterfront.
  • Planning Approval for conversion of upper floors to 49 flats.
  • Guide price reduced to £2,700,000.

Property description

Location
Ipswich is the county town of Suffolk with a resident population of approximately 130,000 . The A12 and A14 dual carriageways provide excellent road communications with the national motorway network, London and the Midlands and the town's railway station provides a regular service to London (Liverpool Street) with a journey time of approximately 1 hour.

The premises are situated in the "Saint's Quarter" on the east side of Lower Brook Street. The town centre is immediately to the north, with the waterfront area to the south. The NCP Blackfriars multi-storey car park is situated behind the property and provides parking for 513 vehicles.

Description
The property comprises a substantial detached office building built in the 1970's. The offices are of concrete frame construction with brick elevations under mainly flat roofs. The front part is arranged over three floors, whilst the rear, larger part of the property is arranged over four floors. The two blocks are connected by a central core comprising central stairwell, two passenger lifts and toilet facilities on each level.

The premises have been extensively partitioned to create a series of open plan office areas of varying sizes, meeting rooms, breakout areas and kitchens and indicative floor plans are available upon request.


The general specification includes:

Suspended ceiling incorporating recessed lighting to part/surface mounted lighting to part.
Gas fired central heating.
Air conditioning to part.
Perimeter trunking.

Wheelchair access is provided off Rosemary Lane and a secure rear car park provides parking for approximately 20 vehicles, accessed off Foundation Street.

Accommodation
The premises provide the following approximate floor areas:

Level 1 Front (west) 2,291 sq ft 212.84 sq m
Rear (east) 7,863 sq ft 730.49 sq m
Level 2 Front (west)
(inc reception) 3,288 sq ft 305.46 sq m
Rear (east) 7,899 sq ft 733.84 sq m
Level 3 Front (west) 3,385 sq ft 314.47 sq m
Rear (east) 7,899 sq ft 733.84 sq m
Level 4 Rear (east) 7,869 sq ft 731.05 sq m
Total net internal floor area 40,494 sq ft 3,761.99 sq m

Development Potential
Prior Approval was granted on 23rd June 2021 for the conversion of the upper floors to provide 36 one bedroom flats and 13 two bedroom flats (reference IP/21/00449). The scheme allows for the ground floor to be retained unconverted, which could be used for a variety of alternative business uses.

Full details of the planning approval and associated documents are available upon the local authority's website.

Business Rates
The premises are assessed as follows:

Rateable Value £307,500
Rates Payable (2021/22) £157,440 per annum

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

T:

Energy Performance Certificate Rating
C - 74

Terms
Offers are invited in the region of £2,700,000 for the freehold interest with vacant possession upon completion.

Alternatively the premises are available to let on a new full repairing and insuring business lease and at an initial rent of £350,000 per annum exclusive.

VAT
The property is VAT elected and the sale price or rent will be subject to VAT.


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



Brochures

GUIDE PRICE REDUCED TO £2.7M, 15-17 Lower Brook Street, Ipswich, Suffolk , IP4

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ipswich Station0.6 miles
  • Derby Road Station1.2 miles
  • Westerfield Station1.9 miles

About Fenn Wright, Ipswich Commercial Sales and Lettings

1 Butter Market, Ipswich, IP1 1BA

Fenn Wright are East Anglia’s leading independently owned partnership of chartered surveyors, estate agents and commercial agents, with a reputation for providing the highest level of customer care. Although we’ve been around since 1768 we endeavour to mix traditional business values with contemporary methods.

We have an unequalled presence throughout Essex and Suffolk with offices in the major hubs of Chelmsford, Ipswich, Colchester High Street and Colchester Business Park - as well as

More properties from Fenn Wright, Ipswich Commercial Sales and Lettings

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 14869346LH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright, Ipswich Commercial Sales and Lettings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.