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40-50 Princes Street, Ipswich, Suffolk, IP1 1RJ

£2,500,000

£180.99 per sq ft

Business rates & charges may apply

Penn Commercial, Ipswich
SIZE AVAILABLE

13,813 sq ft

1,283 sq m

SECTOR

Office for sale

Description

The premises are on a highly prominent position on the west side of Princes Street, just to the north of Civic Drive/Franciscan Way, thereby affording the property superb visibility when approaching from the south. It is in the heart of the towns central business district, moments from Cornhill, the prime pedestrianised pitch of Butter Market and the Butter Market Shopping Centre. Directly opposite the property is Norman Fosters iconic listed Willis Building, a local landmark occupying an island site and recognised for its dark glass facades and almost Pompidou Centre qualities, with the buildings feature plant visible through the glass facades. Other occupiers in the vicinity include Barclays Bank and several national estate agencies and recruitment companies, whilst the towns leading law firms such as Birketts, Gotelee and Prettys are close by. Ipswich mainline station is approximately 8 minutes walk away, while numerous bus routes operate in the area. Fully let investment for sale at a reduced price of 2.5m. Total rental income £168,850 before incentive, increasing to £175,300 in 2022 and 181,750 in 2023.

40-50 Princes Street, Ipswich, Suffolk, IP1 1RJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ipswich Station0.4 miles
  • Derby Road Station1.4 miles
  • Westerfield Station1.8 miles

About Penn Commercial, Ipswich

Suite C, Orwell House, The Strand Wherstead Ipswich IP2 8NJ

Notes

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