Gipping Way

Stowmarket, IP14 1RA

Office

Rent per annum £81,500

Floor Area 13,706 sq ft
Parking
Parking 32 Vehicles
Specification
Specification Air cooling and heating
Tenure To Let

Key Information

Location Close to town centre
Rateable Value £91,000
EPC D-81
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About The Property

Key Features

• Prominent frontage to Gipping Way

• Good quality offices with meeting rooms

• Close to town centre and train station

• On site car parking

• Alternative showroom or residential conversion opportunity (STP

LOCATION

Stowmarket is situated approximately 12 miles North West of Ipswich and 14 miles South East of Bury St. Edmunds and occupies a strategic location in the centre of the county of Suffolk on the A14 which links the Midlands and the North to the Euro-Port of Felixstowe. The Town is also served by the main Norwich to London rail link. Stowmarket has a population of approximately 19,000 and there are currently extensive housing developments within the town and a large rural catchment. The premises are prominently situated fronting Gipping Way which forms part of the principal road network into the town centre and close to the crossroad junction leading into the central retail area and railway station. The town’s main retail area is only a short distance from the property.

DESCRIPTION

The premises comprise a modern two story office building with on site car parking for approximately 32 vehicles. The property is of steel frame construction with brick infill walls arranged over ground and first floor. There are display windows to the ground floor and casement windows to the upper floor providing excellent natural light. The premises were substantially refurbished in 2012 including the provision of air cooling/heating units to ceiling voids . There is an integral storage/loading area with goods lift to the first floor. Disabled toilet to ground floor and staff welfare and toilet facilities to first floor.

 

ACCOMMODATION

Sq ft            Sq m

Ground   Offices & Ancillary    7,645           710.5

First        Offices & Ancillary    6,061           563.3

Total Gross Floor Area            13,706        1,273.8

RENT
£81,500 per annum

PRICE

Offers are sought in the region of £1m exclusive of VAT.

TERMS
The property is available on either a new lease on terms to be agreed or the freehold subject to the Bosch lease or with vacant possession.

VAT

VAT is not currently charged on the rent or purchase price but the landlord/seller reserves the right to elect for VAT election.

RATING

The property is described in the Rating List 2017 as Offices & Premises with a rateable value of £91,000.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in this transaction. The Tenant/Buyer will be required to provide an undertaking to pay the Landlord’s/Seller’s abortive legal costs should they not proceed once solicitors are instructed.

ENERGY PERFORMANCE CERTIFICATE

D - 81. Please contact the agents for a full copy of the report.

Agent Responsible

Jonathan Lloyd MRICS

Director - Commerical Property

01284 702626

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