Town Centre, Part Let Office Investment

Commercial - Suffolk
01473 232 701
Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL
Freehold For Sale

Prominent building adjoining bus station

634 sq m (6,825 sq ft) with on site parking
for 12 vehicles

Ground and first floors let at £30,500 per
annum

Second floor let at headline rent of
£15,500 per annum

Offers invited in the region of £475,000
Most active agency in Suffolk and North Essex
Estates Gazette (February 2014)
Town Centre,
Part Let
Office
Investment
Details
Location
Accommodation
Ipswich is the County town of Suffolk with a resident
population of approximately 130,000. The A12 and A14
dual carriageways provide excellent road
communications with the national motorway network,
London and The Midlands. Ipswich rail station provides
a regular service to London (Liverpool Street) with a
journey time of approximately 1 hour 10 minutes.
The premises provide the following approximate net
internal floor areas:
Adelphi House is located to the south of the town centre
in a prominent position, adjoining the Old Cattle Market
Bus Station as shown on the site plan, edged red for
identification purposes only. The central shopping and
business districts and Waterfront area are all within a
short walk.
*(area under 1.5 metres head room 46.42 sq m (177 sq ft))
The car park serving the property is situated directly
opposite the building and is edged blue on the plan.
Description
Adelphi House comprises a modern purpose built office
building, arranged over ground and two upper floors.
The ground floor has a glazed frontage to Turret Lane,
with recessed entrance doors. There are two further
entrances to the premises along the southern elevation.
The premises provide predominantly open plan
accommodation with some partitioning to create private
rooms. There are staircases at either end of the
building serving the upper floors, together with a single
four person passenger lift. Disabled WC and shower
facilities are provided at the rear of the ground floor,
with further WC facilities located at first and second
floor levels.
Ground floor
First floor
Second floor
189.89 sq m
234.76 sq m
*209.48 sq m
(2,044 sq ft)
(2,527 sq ft)
(2,254 sq ft)
Total net internal floor area 634.13 sq m
(6,825 sq ft)
Tenancies
The ground, first floor and the rear part of the car park
(5 spaces) is subject to a lease granted to Thrive Tribe
Limited (formerly Live Well Limited) for a term of 5
years from 21 April 2011. The lease is contracted out of
the security of tenure provisions of the 1954 Landlord
and Tenant Act. The lease is upon full repairing and
insuring terms, subject to a schedule of condition. The
rent is £30,500 per annum exclusive. The tenant
occupies the rear room of the first floor under the terms
of a separate licence agreement. It is understood that
the tenant will not be renewing their lease.
The second floor consists of a suite of offices
comprising three large rooms and subject to a lease
granted to William Farrall Woodward for a term of 6
years from 15th December 2015. The lease is
contracted out of the security of tenure provisions of the
1954 Landlord and Tenant Act and incorporates an
open market, upwards only rent review and a tenant
only break clause at the end of the 3rd year. The initial
rent is £15,500 per annum, subject to a 50%
concession for the first 12 months.
The specification of the premises includes carpet floor
coverings, perimeter trunking, gas fired central heating
and florescent lighting, with suspended ceilings fitted to
some areas. The middle section of the first floor has
been fitted out by the current tenant for use as a gym.
Business Rates
The car park provides parking for approximately 12
vehicles.
Ground and First Floor: Rateable Value: £28,750
Particulars for Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL
From verbal enquires with the local rating authority we
understand the property is assessed as follows:
Second Floor:
Rateable Value: £12,750
Car Park (front):
Rateable Value: £4,200
Car Park (rear):
Rateable Value: £3,500
FOR IDENTIFICATION PURPOSES ONLY
NOT TO SCALE
Local Authority
Viewing
Ipswich Borough Council
Grafton House
15-17 Russell Road
Ipswich
Suffolk IP1 2DE
Tel: 01473 432000
Strictly by prior appointment with the joint sole agents:
Terms
Contact Alistair Mitchell
[email protected]
Offers are invited in the region of £475,000 for the
freehold interest.
The sale price is subject to VAT.
Particulars
Prepared in January 2016. .
Particulars for Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL
Fenn Wright
1 Buttermarket, Ipswich, IP1 1BA
01473 232 701
fennwright.co.uk
Elsom Spettigue Associates
2 Quaypoint, Station Road, Woodbridge, IP12 4AL
Contact Peter Elsom
01394 446480
[email protected]
For further information
01473 232 701
fennwright.co.uk
Fenn Wright for themselves and for the vendors or lessors of this property whose agents they are give
notice that:
i.
The particulars are set out as a general outline for the guidance of intending purchasers or lessees;
and do not constitute, nor constitute part of, an offer or contract.
ii. All descriptions, dimensions, references to condition and necessary permissions for use and
occupation, and other details are given in good faith and are believed to be correct but any
intending purchasers or lessees should not rely on them as statements or representations of fact
but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
iii. The vendor or lessor does not make or give, and neither Fenn Wright nor any person in their
employment has the authority to make or give, any representation or warranty whatsoever in
relation to this property.
iv. All statements contained in these particulars as to this property are made without responsibility on
the part of Fenn Wright or the vendor/lessor.
v. All quoting terms may be subject to VAT at the prevailing rate from time to time.
vi. Fenn Wright have not tested any electrical items, appliances, any plumbing or heating systems and
therefore, cannot give any warranty or undertaking as regards their operation or efficiency.
Particulars for Adelphi House, Turret Lane, Ipswich, Suffolk, IP4 1DL
Fenn Wright
have Essex
and Suffolk
covered