Ground Floor Commercial, Electric House, Lloyds Avenue, Ipswich, Suffolk, IP1 3LE
- PROPERTY TYPE
Commercial Property
- SIZE
1,184 sq ft
110 sq m
Description
Lot Number 5
Ground Floor Commercial, Electric House,
Lloyds Avenue
Ipswich
Suffolk
IP13LE
Guide Price:
£200,000 - £225,000
An unusual opportunity to acquire the long leasehold interest in the commercial ground floor of one of Ipswich town centre's most prominent landmark buildings, with a new 125-year lease granted from 2026. Electric House occupies a highly visible position on Lloyds Avenue, adjacent to Sailmakers Shopping Centre, Crown Pools and the town's main bus interchange. The building has undergone substantial redevelopment in recent years. The retail/office has been occupied by Spicerhaart since 2012 and is currently let until 2030 at a rent of £28,350 per annum. Featuring an impressive glazed frontage with offices behind, the property offers an attractive investment opportunity together with strong future occupational appeal and potential for a variety of alternative uses, stp.
Tenure: Leasehold - New 125 years
EPC: C
Tenancy: 5 year FRI Lease from 2025
Current Yield: £28,350 pa
LANDMARK BUILDING
TOWN CENTRE POSITION
LONG LEASEHOLD
NEW 125 YEAR LEASE
G/FLOOR COMMERCIAL
LET TO SPICERHAART
EXCELLENT FUTURE OCCUPATIONAL APPEAL
Open viewings have been arranged for:
By appointment with the auctioneers
Vendors Solicitors
Mr Mark Hayward
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ
How is this property being sold?
This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.
Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.
We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.
Brochures
Full CatalogueGeneral ConditionsViewing TimesBuyers Guide to AuctionLegal DocumentsGround Floor Commercial, Electric House, Lloyds Avenue, Ipswich, Suffolk, IP1 3LE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ipswich Station0.7 miles
- Derby Road Station1.4 miles
- Westerfield Station1.6 miles
Notes
Disclaimer - Property reference 363706. 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 Goldings, Ipswich. 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 Goldings, Ipswich on 01473 210200.
*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.”