Property Features

Location:
Ipswich Street, Stowmarket, Suffolk, IP14 1AD
14 – 16, Ipswich Street, Stowmarket
To Let £25,000 Per Annum
Property Type
A1 � Centre / A1 Centre

About the Property

    LOCATION
    Stowmarket is a historic market town, located 15 miles northwest of Ipswich. The town has good access to the A14, which provides routes to Bury St Edmunds and Ipswich. The population of Stowmarket is estimated at 22,000. The property is situated in a good primary position, along Ipswich Street, which is accessed from Tavern Street and Market Place, due to Ipswich Street being one of the towns primary retail locations the property will benefit from good footfall. Nearby occupiers include Boots, Greggs, Card Factory, Q & D, Mass & Co, Holland and Barrett, East of England Co-op and Specsavers.

    Stowmarket also benefits from a railway station. This being on the mainline which goes direct to London Liverpool Street. The Journey time is just over 1 hour and 20 minutes. The property is also located nearby to a number of different public car parks and the new Gateway 14 Development.

    DESCRIPTION
    14 – 16 Ipswich Street has a glazed shop front and is arranged over the ground floor offering retail sales, storage, and WC facilities extending to approximately 1,657 square feet. The property benefits from a public loading bay directly outside the shop.

    TERMS
    The property is to be let on a new effective Full Repairing and Insuring Lease from January 2023 at an initial passing rent of £25,000 per annum exclusive plus VAT

    OUTGOINGS
    The Rateable Value of the property is £25,500. Based on the uniform Business Rate multiplier of 0.499 the rates payable for the year 2022/2023 is approximately £12,724.50. We would advise any prospective occupier to make any enquiries with the local authority, Mid Suffolk District Council.

    LEGAL COSTS
    Each party to be responsible for their own legal costs in respect to this transaction.

    VIEWING
    Strictly by prior appointment with the sole Agents Nicholas Percival Chartered Surveyors.
    T: 01206 563222 E: cpercival@nicholaspercival.co.uk C. 4233

    14 – 16, Ipswich Street, Stowmarket

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