Hubbard House 6 Civic Dr 13,664 SF 100% Leased Office Building Ipswich IP1 2QA $1,529,866 ($111.96/SF)

INVESTMENT HIGHLIGHTS

  • Prominent town centre office building
  • Part let investment, currently generating £55,140 pax
  • Guide price £1,150,000 subject to existing tenancies
  • Situated off Civic Drive with good transport links
  • Suitable for alternative uses, subject to planning

EXECUTIVE SUMMARY

Ipswich is one of East Anglia's most important commercial centres with a catchment population of about 350,000. There are good rail links to the M25, Midlands and London via the A12 and A14. Ipswich railway station provides a frequent rail service to London (Liverpool Street) with a journey time of approximately 60 minutes.

Hubbard House is prominently positioned at the top of Civic Drive, on the roundabout connecting Norwich Road, Crown Street, and Berners Street, just a short walk from the train station.

DESCRIPTION
The property is a four storey, multi-let office building designed to provide flexible and predominantly open plan office accommodation. The suites are arranged on either side of a central communal corridor, which incorporates a stairwell and a passenger lift.

The office suites vary in specification, including suspended ceilings with recessed LED or fluorescent lighting, data and power points, gas fired central heating and carpet floor coverings. Additionally, some suites benefit from air-conditioning.

The building is accessed via a central entrance fronting Civic Drive, while the southern end of the property provides undercroft car parking.

ACCOMMODATION [Approximate Net Internal Floor Areas]
Ground Floor Total: 1,874 sq ft [ 174.10 sq m]
First Floor Total: 4,322 sq ft [ 401.53 sq m]
Second Floor Total: 4,441 sq ft [ 412.58 sq m]
Third Floor Total: 4,322 sq ft [ 401.53 sq m]
Total Net Internal Floor Area: 14,959 sq ft [ 1,389.74 sq m]

The above floor areas are split into several suites, a breakdown of the current split is available upon request.

CURRENT RENTAL INCOME / ESTIMATED RENTAL VALUES
Copies of the leases are available upon request.

BUSINESS RATES
The property is split under a various assessments based on occupation. Further details available upon request.

All interested parties should make their own enquiries to verify their rates liability.

PLANNING
It is understood that the property has planning for offices within Class E (g)(i) of the Town & County Planning (Use Classes) Order 1987 (as amended). Class E allows for a variety of alternative uses.

All interested parties should make their own enquiries with the local planning authority to confirm their intended use.

SERVICES
It is understood the property is connected to mains electricity, gas, water 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.

LOCAL AUTHORITY
Ipswich Borough Council, Grafton House, 15-17 Russell Road, Ipswich, Suffolk, IP1 2DE.
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ENERGY PERFORMANCE CERTIFICATE [EPC]
C (57) Rating - ref: 2387-8850-8124-2566-1154

TERMS
Offers are invited in the region of £1,150,000 for the freehold interest, subject to the existing tenancies.

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

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
13,664 SF
Building Class
B
Year Built
1989
Price
$1,529,866
Price Per SF
$111.96
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,266 SF

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Readers
  • -
  • 1,330 SF
  • -
  • -
  • The Baths
  • -
  • 443 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Readers - 1,330 SF - -
The Baths - 443 SF - -
  • Listing ID: 35549535

  • Date on Market: 4/18/2025

  • Last Updated:

  • Address: 6 Civic Dr, Ipswich IP1 2QA