Retail property (high street) to rent

Ipswich is the county town of Suffolk with a resident population of approximately 130,000 and a retail catchment of almost 350,000. The town is situated approximately 79 miles north east of central London, 43 miles south of Norwich and 18 miles north east of Colchester.

The property is situated on the north side of Felixstowe Road in a neighbourhood parade with neighbouring occupiers including Domino's, British Red Cross plus several local occupiers. Felixstowe Road is one of the principal arterial roads into Ipswich from the A14, approximately 1.5 miles east of Ipswich town centre.

Description
The premises comprises a self-contained ground floor retail unit with basement, within a two storey building of brick construction beneath a pitch tiled roof. The accommodation comprises a sales area immediately as you enter with a store, tea-point and WC to the rear. The basement provides additional storage accommodation.

The sales area is fitted with surface mounted fluorescent lighting, perimeter power points and carpet floor coverings.

The suite benefits from a return glazed frontage onto Felixstowe Road & Newton Road.

Accommodation
The property provides the following approximate net internal floor areas:

Ground Floor Retail Area 381 sq ft ( 35.40 sq m)
Store 47 sq ft ( 4.34 sq m)
WC -- --

Basement 201 sq ft ( 18.71 sq m)

Total Net Internal Floor Area 629 sq ft ( 58.45 sq m)

Services
We understand the property is connected to mains electricity, water and drainage.

We have not tested the services and all interested parties should rely upon their own enquiries with the relevant utility providers in connection with the availability and capacity of all those serving the property including IT and telecommunication links.

Business Rates
The property is accessed as follows:

Rateable Value: £7,000
Rates Payable (2023/24): £3,493 per annum

The above rates are based on a UBR for the current year of 0.499 pence in the pound. Small business rate relief may be available and all interested parties should make their own enquiries with Ipswich Borough Council to verify their rates liability.

Local Authority
Ipswich Borough Council Grafton House 15-17 Russell Road Ipswich Suffolk IP1 2DE

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Terms
The premises are available on a business lease upon terms to be agreed at an initial rent of £8,950 per annum exclusive.

VAT is payable on the rent.

Legal Costs
Each party to be responsible for their own legal costs.