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33 Compair Crescent, Ipswich, Suffolk, IP2

£160,000

£135.59 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

1,180 sq ft

110 sq m

SECTOR

Commercial property for sale

USE CLASSUse class orders: Class E

E

Key features

  • Rental Income: £15,000 p.a.
  • Gross Initial Yield: 9.38%
  • Comprises corner ground floor shop t/a convenience store
  • Let until February 2031. No breaks. Rent review in 2029 open market upward only

Description

Investment Consideration:
Gross Initial Yield: 9.38%
Rental Income: £15,000 p.a.
VAT is applicable to this property
Comprises corner ground floor shop t/a convenience store
Let until February 2031. No breaks. Rent review in 2029 open market upward only
Occupiers nearby include Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.

Property Description:
Comprises corner ground floor shop t/a Convenience Store, providing the following accommodation and dimensions:
Ground Floor: 110 sq m (1,180 sq ft)
Open plan retail, store, kitchen, wc

Tenure.
Long leasehold. Held on a 125 year lease from 24th June 2007 at a ground rent of a peppercorn.

Tenancy:
The property is at present let to MG Ipswich Limited for a term of 6 Years 11 Months years from 18th March 2024 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 18.03.29 open market upward only. No breaks. Deposit held of £3,000.

Location:
The nearby Ranelagh Road (B1075) leads onto the A1214 which in turn provides access onto both the A12 and A14. Ipswich Rail Station situated 0.4 miles south-east with occupiers nearby including Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.

Brochures

33 Compair Crescent, Ipswich, Suffolk, IP2

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ipswich Station0.2 miles
  • Derby Road Station1.8 miles
  • Westerfield Station2.3 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference 33compaircrescent. 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 Blue Alpine, London. 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.

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