Office for sale

LOCATION:

Ipswich is the county town of Suffolk with a resident population of about 140,000. The A12 and A14 dual carriageways provide excellent road communications with the M25, London and the Midlands. Ipswich railway station provides a regular service to London (Liverpool Street) with a journey time of approximately one hour and ten minutes.

The property is situated on the east side of Fore Street with rear access off Waterworks Street. The town centre is 0.4 miles to the north west, the waterfront 0.2 miles to the south and University of Suffolk and New Suffolk College about 0.2 miles to the east. The immediate surrounding area includes a mix of retail, commercial and residential uses.

DESCRIPTION:

The property comprises a Grade II Listed building with brick and rendered elevations, the original building being under pitched tiled roofs with a large single storey flat roof extension to the rear. The principal accommodation is arranged upon ground and first floor, together with two small second floor/attic areas and basement.

The premises have most recently been occupied as an education centre, the accommodation providing a series of classrooms of varying sizes together with large reception, office, kitchen and toilet facilities. Part of the first and second floor provides a small residential flat. The property retains a large number of original features and is served by gas fired central heating.

Externally the property includes a surfaced, courtyard to the front of the original building and a large surfaced car park to the rear, with vehicular entrance and wide frontage onto Waterworks Street.

The property also includes a separate garage building.

ACCOMMODATION:

The property provides the following approximate net internal floor areas:

Ground floor 2,702 sq. ft. (251.03 sq. m.)
First floor 1,453 sq. ft. (134.94 sq. m.)
Second floors/attics 558 sq. ft. ( 51.87 sq. m.)
Basement 261 sq. ft. ( 24.26 sq. m.)
Total 4,974 sq. ft. (462.11 sq. m.)

The garage building provides a gross internal floor area of 657 sq. ft. (61.02 sq. m.).

The car park provides about 62 marked out car parking spaces.

PLANNING:

The property is understood to date back to the 18th Century, is Grade II Listed (No. 1374789) and is situated within the Central Conservation Area.

The premises have most recently been used for education purposes falling within Class F1 (learning & non-residential institutions) of the Town & Country Planning (Use Classes) Order 1987 (as amended).

A single Tree Preservation Order relates to the two trees within the rear car park.

The building is considered suitable for alternative commercial or residential uses, subject to planning.

In addition, part of the site is allocated for residential development, forming part of the Local Plan allocation under IP089 Waterworks Street. This allocation provides for 23 units, which proportionately equates to about 15 units within that part of the allocation relating to the property.

SERVICES:

We understand that the property is served by mains electricity, gas, water and drainage.

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

BUSINESS RATES:

Rateable Value £48,000
Rates Payable (2024/2025): £23,952 per annum

All interested parties should make their own enquiries with the local rating authority in order to verify their rates liability.

LOCAL AUTHORITY:

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

Telephone[use Contact Agent Button].

ENERGY PERFORMANCE CERTIFICATE:

EPC Rating 88 (D) valid until 8 December 2029.

TENANCY:

The premises are currently subject to a lease granted to West Suffolk College, for a term of 5 years from 1st May 2020 to 30th April 2025 and contracted out of the security of tenure provisions of the 1954 Landlord & Tenant Act. Further details are available upon request.

TERMS:

Offers are invited in the region of £595,000 for the freehold interest. Vacant possession would be available from 1st May 2025, following the expiry of the tenants lease.

LEGAL COSTS:

Each party is to be responsible for their own legal costs.