Office for sale

40-50 Princes Street, Ipswich, Suffolk IP1

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.