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Get brand editions for Auction House, East Anglia

240 Wherstead Road, Ipswich, Suffolk IP2 8JZ

Guide Price
£800,000
Auction House, East Anglia
PROPERTY TYPE

Land

SIZE

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Proposed Layouts T202505231144.png
1

Key features

  • Conversion of an old industrial building into 24 apartments
  • Full planning permission granted under IP/24/00004/FUL
  • No section 106 contributions or CIL payments
  • 0.54 acre site (Stms)
  • Circa 14000sqft of accommodation
  • GDV £4.3m with RICS (Red book) market valuation available
  • Guide price: £800,000
  • For sale by livestream auction
  • Unless previously sold or withdrawn prior
  • 10:00am, Wednesday 18th June 2025

Description

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 18TH JUNE 2025

TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Town centre development opportunity with planning permission granted for the conversion of an existing building into 24 apartments

An exceptional opportunity to acquire a prominently located office building in the heart of Ipswich, with full planning permission granted for conversion into 24 high-quality residential apartments.

The approved scheme comprises a well-balanced mix of one and two-bedroom units, thoughtfully designed to meet modern living standards and appeal to both first-time buyers and investors.

The development also benefits from on-site parking for all apartments, extensive outside space and lift access. A number of the units include ensuites and balconies, individual entrances and private gardens.

Positioned within close proximity to Ipswich’s town centre, transport links, and a host of local amenities, this site offers both convenience and strong future rental or resale potential.


GDV £4.3m with RICS (Red book) market valuation available
No section 106 contributions or CIL payments
Full planning permission granted under IP/24/00004/FUL
Circa 14000sqft of accommodation
Please Note Existing concrete structure has undergone significant testing and has been deemed viable for retention and conversion, therefore offering a cost effective construction option whereby minimal groundworks and structural framework is required. The site includes mains drainage and services within very close proximity.

Tenure: Freehold

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

240 Wherstead Road, Ipswich, Suffolk IP2 8JZ

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ipswich Station0.6 miles
  • Derby Road Station1.4 miles
  • Westerfield Station2.6 miles
Get brand editions for Auction House, East Anglia

About Auction House, East Anglia

The Barn Newmarket Road Cringleford Norwich NR4 6UE
Industry affiliations:
Why Use Auction House East Anglia?

    Market position

    Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.

    Trusted Brand

    Auction House East Anglia is part of the Auction House UK group of 40 regional auction rooms covering England, Scotland and Wales; the network sells more properties 'under-the-hammer' that any other auctioneer and are multi award winners.

    More auctions

    Auction House East Anglia hold 7 regional auctions per year, providing sellers short sale lead in times and more opportunity to sell, as well as weekly national auctions.

    Expert property auctioneers

    Auction House East Anglia is directed by Bryan Baxter as its resident auctioneer. Bryan's team is highly skilled and knowledgeable, ensuring that accurate advice is provided to sellers around Reserve and Guide Price setting. Bryan is also a regular 'celebrity' auctioneer featuring on the TV program Homes Under The Hammer.

    Types of property we sell

    We sell residential and commercial property and land, including land and tenanted investments.

    Help & advice

    Friendly free advice without obligation and that includes auction valuations. We visit all properties when providing advice this ensures accuracy

    Open House Viewings

    We organise attend three to four viewing sessions at each property lot entered into auction. This approach ensures we meet prospective buyers and creates the multiple viewing system creates prospective purchaser competition

    Areas covered

    Norfolk, Suffolk, Cambridgeshire, North Essex and South Lincolnshire

    Powerful marketing

    In order to get the best price each property needs effective promotion on the market, so we use the major UK property portals and our own auctionhouse.co.uk/estanglia website. Properties are also marketed via local and regional press such as the Eastern Daily Press, the Peterborough Telegraph, Your Local Paper and the East Anglian Daily Times

    Choice of auction method

    Auction House East Anglia provides non-conditional (immediate exchange) local and online auctions and conditional (flexible exchange) online auctions. The auction team will provide advice on the most suitable method of auction for your property or land.

    Notes

    These notes are private, only you can see them.

    Disclaimer - Property reference 202505161547sq_57sw. 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 Auction House, East Anglia. 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.

    Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, East Anglia on 01603 361653.

    *Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

    Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

    Map data ©OpenStreetMap contributors.

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