£400,000

Retail premises for sale

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£400,000

(£93.13/sq. ft)

Retail premises for sale

50-54 Westgate Street, Ipswich, Suffolk IP1

4,295 sq. ft

Local area information

Property location

Nearby amenities

  • St Matthew's Church of England Voluntary Aided Primary School, Ipswich 0.2 miles
  • Westbridge Academy 0.4 miles
  • Ipswich 0.6 miles
  • Derby Road (Ipswich) 1.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Ipswich to find out more about the area.

Features and description

  • Situated on one of Ipswich’s busiest thoroughfares
  • Close to surface parking
  • Close to Cornhill an Tavern Street
  • Close to Marks & Spencer, Cafe Nerro, Moss Bros, Primark, jd Sports and Clarks
  • With planning permission for conversion
Situation
The property, which has a large retail frontage, is located in a prominent position on Westgate Street, one of Ipswich’s busiest retail thoroughfares. Westgate Street is contiguous with Cornhill and Tavern Street and benefits from a high pedestrian footfall all-year-round.

Nearby occupiers include Marks & Spencer, Moss Bros, Primark, jd Sports, Clarks, wh Smith, Caffè Nero and Starbucks.

The New Wolsey Theatre and car park is close by accessed via Chapman Lane.

Description
The premises currently trades as one large retail unit, but planning consent reference ip/23/00024/ful approves sub-dividing the unit into three smaller shops under Planning Class E, of approximately 53 sq m, 66 sq m and 45 sq m.

In respect of the upper parts planning has been approved for conversion to three residential flats, and external alterations.

There is no on-site car parking.

We have not seen the Title Deeds, but understand there is a shared pedestrian access via the rear yard, just off Crown Street.

Accommodation (all areas are approximate)
Ground Floor with new Planning Consent
Shop 1: 53 sq m / 571 sq ft
Shop 2: 66 sq m / 710 sq ft
Shop 3: 45 sq m / 484 sq ft
Commercial Total: 164 sq m / 1,765 sq ft

Residential Flats
Flat 1: 37 sq m / 398 sq ft
Flat 2: 46 sq m / 495 sq ft
Flat 3: 71 sq m / 764 sq ft
Residential Total: 154 sq m / 1658 sq ft

Circulation Space: 72 sq m / 775 sq ft
Store: 9 sq m / 97 sq ft

Overall Floor Area: 399 sq m / 4,295 sq ft

Planning
We believe that the property currently has Class E use consent, with planning permissions for conversion.

All interested parties should contact Ipswich Borough Council.

Business Rates
All interested parties should contact Ipswich Borough Council.

Terms & Tenure
The premises are available to purchase freehold for a price in the region of £400,000.

We estimate that the three shops on the Ground Floor will generate an estimated erv of ca. £32,000 per annum exclusive.
EPC

Available upon request.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Suffolk
  4. Ipswich
  5. Westgate Street

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