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12 Northgate St 4,427 SF 100% Leased Office Building Ipswich IP1 3DB $375,165 ($84.74/SF)
Investment Highlights
- The property comprises Grade II Listed first floor offices off a communal staircase with access from Northgate Street.
- The offices benefit from gas fired central heating, LED lighting and have been fully refurbished to include new carpets, decoration
- There are offices on the First and Second Floors.
- The premises are situated on Northgate Street in the town centre, close to the County Library and the main shopping thoroughfares of Tavern Street
Executive Summary
Freehold town centre mixed-use investment and development opportunity comprising a Grade II Listed building extending to approximately 4,540 sq ft arranged over basement, ground, first and second floors. The ground floor restaurant is let on a 10-year lease from 26 August 2021, expiring 25 August 2031, at a passing rent of £12,000 pa. The upper floors are currently vacant and provide redevelopment or asset management potential, subject to planning. The property occupies a prominent position on Northgate Street close to Ipswich town centre amenities and principal retail thoroughfares. The freehold interest is available at a quoting price of £275,000
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
4,427 SF
Building Class
B
Year Built
1810
Price
$375,165
Price Per SF
$84.74
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,353 SF
Slab To Slab
11’
Building FAR
0.92
Lot Size
0.11 AC
Amenities
- Kitchen
- Open-Plan
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12 Northgate St
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