Sun Building 35-37 Princes St 4,329 SF Office Building Ipswich IP1 1AE $475,757 ($109.90/SF)

The property comprises an attractive Grade II listed period building arranged over ground, four upper floors and basement. All levels are accessed via stairs, with a 6-person lift serving every floor except the fourth.

The ground floor comprises a former banking hall, which features an impressive high ceiling, large reception area and glazed partitioned meeting rooms. The office accommodation on the upper floors is partly open-plan, with stud partitioning creating private meeting rooms and smaller offices. Period features are retained throughout the property.

WC facilities are provided on basement, first, second and fourth floors, with a shower located on the first floor. Kitchen facilities are situated on both the second and fourth floors.

The premises are fitted with gas-fired central heating, air conditioning, power points, fluorescent lighting and floor coverings.

The basement provides a strong room, WCs, additional storage and plant rooms.

ACCOMMODATION

The premises provide the following approximate Net Internal Area:

Ground Floor

Reception / Meeting Rooms 685 sq ft [ 63.6 sq m]
Rear Meeting Room 69 sq ft [ 6.4 sq m]

First Floor

Offices 801 sq ft [ 74.4 sq m]
Shower -- --
WC -- --

Second Floor

Offices 700 sq ft [ 65 sq m]
Kitchen 110 sq ft [ 10.2 sq m]
WC -- --

Third Floor

Offices 942 sq ft [ 87.5 sq m]

Fourth Floor

Office/Kitchen 607 sq ft [ 56.4 sq m]
WC -- --

Basement

Stores / Telecoms 415 sq ft [ 38.6 sq m]
WC 's -- --

Total Net Internal Floor Area 4,328 sq ft [ 402.10 sq m]

BUSINESS RATES

According to the Valuation Office Agency website, the premises have a Rateable Value of £38,750. The rates payable (2026/27) is £16,740 per annum based on the current UBR for 2026/27 of £0.432.

All interested parties should make their own enquires with the local rating authority in order to verify their rates liability.

SERVICES

It is understood that the premises are connected to mains water, electricity, gas and drainage.

We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all those serving the property including IT and telecommunications.

PLANNING

The authorised use for the premises is Class E (Commercial Business & Service) use as defined within the Town and Country Planning (Use Classes) Order 1987 (As Amended). The property is considered suitable for a variety of alternative uses, subject to planning. The property is Grade II Listed.

All interested parties should make their own enquiries with the local planning authority regarding their proposals.

LOCAL AUTHORITY

Ipswich Borough Council, Grafton House, 15-17 Russell Road, Ipswich, IP1 2DE
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TERMS

Offers are invited in the region of £350,000 for the freehold interest with vacant possession upon completion.

Alternatively, the premises are available on a new full repairing and insuring business lease at an initial rent of £35,000 per annum exclusive.

The property is not VAT elected.

LEGAL COSTS

Each party is to be responsible for their own legal costs.