Prominent building with potential for alternative uses and redevelopment for sale in Ipswich town centre
Occupying a prominent position on the corner of Princes Street and King Street overlooking Giles Circus, Mutual House is a substantial property comprising two interconnected buildings extending to 6,310sq ft.
The property is rich with historical significance and serves as a well-known local landmark, currently home to Suffolk Building Society who are planning to relocate to alternative town centre branch premises in due course.
1 Princes Street is a striking four storey building featuring a marble plaque with gold painted lettering was designed for Parr’s Bank by architect Thomas W Cotman, nephew of the famous watercolourist John Sell Cotman. The building subsequently served as a branch of Chelsea Building Society and more recently underwent refurbishment by Ipswich (now Suffolk) Building Society who purchased the property in 2016.
The self-contained upper floors offer scope for redevelopment, a preliminary scheme having previously been prepared for conversion into five separate apartments, whilst the ground floor provides modern banking branch premises with potential for alternative retail and restaurant uses.
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Prominent building with potential for alternative uses and redevelopment for sale in Ipswich town centre