£139,000
(£117.80/sq. ft)
Retail premises for saleCompair Crescent, Ipswich IP2
1,180 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 10.79%
Rental Income: £15,000 p.a.
VAT is applicable to this property
Comprises corner ground floor shop t/a convenience store
Let until February 2031. No breaks. Rent review in 2029 open market upward only
Occupiers nearby include Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.
Property Description:
Comprises corner ground floor shop t/a Convenience Store, providing the following accommodation and dimensions:
Ground Floor: 110 sq m (1,180 sq ft)
Open plan retail, store, kitchen, wc
Tenure.
Long leasehold. Held on a 125 year lease from 24th June 2007 at a ground rent of a peppercorn.
Tenancy:
The property is at present let to mg Ipswich Limited for a term of 6 Years 11 Months years from 18th March 2024 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 18.03.29 open market upward only. No breaks. Deposit held of £3,000.
Location:
The nearby Ranelagh Road (B1075) leads onto the A1214 which in turn provides access onto both the A12 and A14. Ipswich Rail Station situated 0.4 miles south-east with occupiers nearby including Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.
Gross Initial Yield: 10.79%
Rental Income: £15,000 p.a.
VAT is applicable to this property
Comprises corner ground floor shop t/a convenience store
Let until February 2031. No breaks. Rent review in 2029 open market upward only
Occupiers nearby include Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.
Property Description:
Comprises corner ground floor shop t/a Convenience Store, providing the following accommodation and dimensions:
Ground Floor: 110 sq m (1,180 sq ft)
Open plan retail, store, kitchen, wc
Tenure.
Long leasehold. Held on a 125 year lease from 24th June 2007 at a ground rent of a peppercorn.
Tenancy:
The property is at present let to mg Ipswich Limited for a term of 6 Years 11 Months years from 18th March 2024 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 18.03.29 open market upward only. No breaks. Deposit held of £3,000.
Location:
The nearby Ranelagh Road (B1075) leads onto the A1214 which in turn provides access onto both the A12 and A14. Ipswich Rail Station situated 0.4 miles south-east with occupiers nearby including Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.
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