Request a Valuation
For Sale: £300,000
1, 1A & 1C Norwich Road And 2 & 2A Clarkson Street, Ipswich, East Of England, IP1
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Area
3742Sq Ft
Ipswich is the county town 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.
Norwich Road is one of the principal arterial roads into Ipswich from the A14, approximately 1.5 miles north west of Ipswich town centre.
Description
The property comprises of two adjoined mixed use buildings comprising ground floor commercial accommodation and three self-contained flats on the first floor.
1 Norwich Road (Vacant) comprises a high profile retail unit arranged over ground floor and basement with a return front onto Clarkson Street. 1A Norwich Road comprises an attractive ground floor retail premises let on a
business tenancy.
The 3 self-contained flats have all been refurbished to a high specification and are let on Assured Shorthold Tenancies.
A rear secure courtyard provides 2 car parking spaces with the forecourt of 1 Norwich Road providing 2 additional spaces.
Accommodation
According to our measurements, the property has the following approximate net & gross internal floor areas:
Commercial Accommodation [Approximate Net Internal Floor Areas]
1 Norwich Road inc. GF & BS: 1,362 sq ft [ 126.53 sq m]
1A Norwich Road 666 sq ft [ 61.94 sq m]
Residential Accommodation [Approximate Gross Internal Floor Areas]
2 Clarkson Street: 577 sq ft [ 53.61 sq m]
1C Norwich Road: 508 sq ft [ 47.21 sq m]
2A Clarkson Street: 629 sq ft [ 58.46 sq m]
Business Rates & Council Tax
The property is assessed as follows:
1 Norwich Road Rateable Value: £13,750
1A Norwich Road Rateable Value: £6,500
The apartments all fall with Council Tax Band A.
All interested parties should make their own enquiries with the local rating authority in order to verify their rates liability.
Services
It is understood the property is connected to mains water, electricity and drainage. 1A & 2A Norwich Road are connected to gas.
We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies with the availability and capacity of all those serving the property including IT and telecommunications.
Current Rental Income & ERV
1 Norwich Road: Vacant - ERV approx. £18,250 pax
1A Norwich Road: £7,992 pax
2 Clarkson Street: £7,800 pa
1C Norwich Road: £7,020 pa
2A Clarkson Street: £6,500 pa
Copies of the leases are available upon request.
Local Authority
Ipswich Borough Council, Grafton House, 15-17 Russell Road, Ipswich, Suffolk, IP1 2DE.
T: 01473 432000
Energy Performance Certificates [EPC]
1 Norwich Road: C
1A Norwich Road: E
1C Norwich Road: D
2 Clarkson Street: E
2C Clarkson Street: C
Terms
The property is to be sold by public auction on the 11th September 2024 at a guide price of £300,000 - £350,000, subject to existing tenancies and a legal pack will be available in due course.
Legal Costs
Each party is to be responsible for their own legal costs.
Features
- **FOR SALE BY AUCTION 11TH SEPTEMBER 2024**
- Mixed use part let investment in prominent position
- 3x refurbished 1 bedroom flats - Let on AST's
- 2x retail units - 1 vacant
- Current income circa £29,000 per annum exclusive
Floor plan
Map
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1, 1A & 1C Norwich Road And 2 & 2A Clarkson Street, Ipswich, East Of England, IP1
Ipswich is the county town 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.
Norwich Road is one of the principal arterial roads into Ipswich from the A14, approximately 1.5 miles north west of Ipswich town centre.
Description
The property comprises of two adjoined mixed use buildings comprising ground floor commercial accommodation and three self-contained flats on the first floor.
1 Norwich Road (Vacant) comprises a high profile retail unit arranged over ground floor and basement with a return front onto Clarkson Street. 1A Norwich Road comprises an attractive ground floor retail premises let on a
business tenancy.
The 3 self-contained flats have all been refurbished to a high specification and are let on Assured Shorthold Tenancies.
A rear secure courtyard provides 2 car parking spaces with the forecourt of 1 Norwich Road providing 2 additional spaces.
Accommodation
According to our measurements, the property has the following approximate net & gross internal floor areas:
Commercial Accommodation [Approximate Net Internal Floor Areas]
1 Norwich Road inc. GF & BS: 1,362 sq ft [ 126.53 sq m]
1A Norwich Road 666 sq ft [ 61.94 sq m]
Residential Accommodation [Approximate Gross Internal Floor Areas]
2 Clarkson Street: 577 sq ft [ 53.61 sq m]
1C Norwich Road: 508 sq ft [ 47.21 sq m]
2A Clarkson Street: 629 sq ft [ 58.46 sq m]
Business Rates & Council Tax
The property is assessed as follows:
1 Norwich Road Rateable Value: £13,750
1A Norwich Road Rateable Value: £6,500
The apartments all fall with Council Tax Band A.
All interested parties should make their own enquiries with the local rating authority in order to verify their rates liability.
Services
It is understood the property is connected to mains water, electricity and drainage. 1A & 2A Norwich Road are connected to gas.
We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies with the availability and capacity of all those serving the property including IT and telecommunications.
Current Rental Income & ERV
1 Norwich Road: Vacant - ERV approx. £18,250 pax
1A Norwich Road: £7,992 pax
2 Clarkson Street: £7,800 pa
1C Norwich Road: £7,020 pa
2A Clarkson Street: £6,500 pa
Copies of the leases are available upon request.
Local Authority
Ipswich Borough Council, Grafton House, 15-17 Russell Road, Ipswich, Suffolk, IP1 2DE.
T: 01473 432000
Energy Performance Certificates [EPC]
1 Norwich Road: C
1A Norwich Road: E
1C Norwich Road: D
2 Clarkson Street: E
2C Clarkson Street: C
Terms
The property is to be sold by public auction on the 11th September 2024 at a guide price of £300,000 - £350,000, subject to existing tenancies and a legal pack will be available in due course.
Legal Costs
Each party is to be responsible for their own legal costs.