Butter Market, Ipswich, IP1 1BT

Location

Ancient House is located in the town centre of the county town of Ipswich. The property is situated in the heart of the main retail centre of the town on Buttermarket. Nearby occupiers include Sharps, JG Andrews Jewellers, Fat Face, Joules and Waterstones. The property adjoins a fully refurbished HQ property housing Flannels, USC and Sports Direct, which has recently opened. 

Ipswich has a population of circa 140,000 and a retail catchment population of approximately 300,000. The town lies on the River Orwell, approximately 70 miles north east of central London and 15 miles north-west of the port of Felixstowe. The town has a mainline train station with direct services to Norwich, Cambridge and London Liverpool Street Station, alongside benefiting from good access to both the A12 and A14 trunk roads. 

Description

Ancient House is one of the oldest buildings in Ipswich and records show the earliest reference to the building was in the 14th century, when it was owned by Sir Richard of Martlesham. The building was acquired by Ipswich Borough Council in 1980 before an extensive renovation took place reopening in October 1985. 

The property now offers a unique opportunity to occupy arguably the most notable commercial building in the town centre. 

The accommodation comprises:-

                                           Sq.m    Sq.ft
Ground Floor                    263       2827
First Floor                          321      3450
Second Floor                     116      1247
Basement                          75         810
                                         775       8334

Planning & Use

The property benefits from Class E(a) planning permission by virtue of its existing use (A1) prior to the 2020 Planning Use Class changes. The Landlord will consider alternative uses such as offices, studio, restaurant or a wider retail space, subject to formal planning approval and consents. 

Terms 

The premises are available to rent on a new internal repairing lease, with a minimum initial term of 5 years, with other terms to be agreed.

Services

Mains water, gas and electricity are connected to the building. The property also benefits from fire and intruder alarms.

Local Authority  

Ipswich Borough Council.

Energy Performance Certificate (EPC)   

Exempt by virtue of being a Listed Building. 

Rateable Value 

£36,750. Rates payable using Standard Business Rate Multiplier = £20,065.50 for 2024/2025. 

Viewing

Strictly by appointment with Clarke and Simpson.