Retail for sale

46/48 Tavern Street, Ipswich

£2,825,000
14,577 sq ft

For sale: 46/48 Tavern Street, Ipswich 

For sale £2,825,000
~ 1 month ago. KLM
Contact details
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Asking price
£2,825,000
Type
Retail
Size
14,577 sq ft
NIY (%)
6.35
Features
Gym, Modern, Open plan, Refurbished, Restaurant, Train transport, Transport

The property is prominently position on Tavern Street, the town’s prime retailing street, adjacent to Nationwide and opposite Lush and H&M. The property has the benefit of a return frontage onto St Lawrence Street which in turn provides a busy thoroughfare onto Butter Market. The property is let to Poundworld Retail Limited on a new lease for 10 years with effect from 20th January 2016 subject to an open market rent review in the 5th year. The passing rent of £190,000 reflects a Zone A of approximately £98 psf. This is arguably reversionary with new leases being granted to Tiger and Pandora in excess of £100 ZA.

Area scores

Leisure

Retail

Transport: Bus

Transport: Car

Transport: Train

Transport: Airport

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National rail 1.1m Ipswich
Nearest airport 62.6m London Southend

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to KLM. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact KLM for full details and further information. Also view the agent details from KLM.