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3-5 St Matthew's Street Saint Matthew's Street, Ipswich, IP1 3EL

£ 108,000 pa / 17,698 sq ft
3-5 St Matthew's Street, Ipswich - Picture 2019-01-07-14-50-36
Use Class

Use Class

E

Size

Size

17,698 sq ft

Rent pa

Rent pa

£108,000

Shop Lease for Sale

The premises are arranged over ground, first and second floors.

The unit has the ability to sub-divide to meet requirements.

The store is located in a prominent position on St Matthew’s Street, Ipswich opposite BHF Furniture, in close proximity to Westgate Street and Sailmakers Shopping Centre both home to a number of multiple retailers including Marks & Spencer, Debenhams, Primark, River Island, WH Smith, McDonald’s and Caffé Nero.

Accommodation

17,698 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor
6,536
607
First Floor
5,301
492
Second Floor
5,861
544

Financial

Lease Type

Existing Lease

Lease Term

Tesco occupy the premises by way of a lease for a term of years expiring 25 February 2032. The current passing rent is £108,000 per annum exclusive, subject to open market rent reviews every 5th anniversary of the term with the next occurring on 26 February 2022.

Rent

Subject to contract, rental offers are invited in the region of £108000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Rates

Rateable Year:
2018
Rateable Value:
£61,500.00
Rates payable:
£30,319.00

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 15/07/2022