Key St - The Winerack 2,345 - 4,995 SF Retail Condo Units Offered at $434,969 - $669,183 Per Unit in Ipswich IP4 1FZ
INVESTMENT HIGHLIGHTS
- Newly developed premises in shell condition
- Form part of extensive residential development
- Shop fronts installed, capped services
EXECUTIVE SUMMARY
Ipswich is a major economic centre and is the County town of Suffolk, with a resident population of circa 150,000 people and a catchment area in excess of 350,000 people. The Winerack is ideally situated on the Ipswich waterfront with the marina being a star attraction on the East coast and one of the towns most loved destinations. The Waterfront sees a hive of activity throughout the year, occupiers including Pizza Express, University of Suffolk, Isaacs, Salthouse hotel, Dance East, Ashtons and a number of privately owned bars, restaurants and cafes.
PROPERTY FACTS
| Total Building Size | 11,820 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 3,940 SF |
| Year Built | 2019 |
| Lot Size | 0.80 AC |
AMENITIES
- Bus Line
- Commuter Rail
- Security System
3 UNITS AVAILABLE
Unit 1
| Unit Size | 2,345 SF |
| Price | $434,969 |
| Price Per SF | $185.49 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Tenure | Long Leasehold |
DESCRIPTION
The commercial units will consist of three newly developed premises in a shell condition with shop fronts installed and capped services. The new units will form part of an extensive residential development which will consist of 150 new apartments with integrated car parking.
SALE NOTES
Leasehold – A new lease drawn on a Full Repairing and Insuring basis, subject to a service charge for a minimum term of 10 years incorporating upward only rent reviews.
Long Leasehold – a new 150 year lease at a peppercorn rent without review.
Unit 2
| Unit Size | 4,995 SF |
| Price | $602,265 |
| Price Per SF | $120.57 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Tenure | Long Leasehold |
DESCRIPTION
The commercial units will consist of three newly developed premises in a shell condition with shop fronts installed and capped services. The new units will form part of an extensive residential development which will consist of 150 new apartments with integrated car parking.
SALE NOTES
Leasehold – A new lease drawn on a Full Repairing and Insuring basis, subject to a service charge for a minimum term of 10 years incorporating upward only rent reviews.
Long Leasehold – a new 150 year lease at a peppercorn rent without review.
Unit 3
| Unit Size | 4,480 SF |
| Price | $669,183 |
| Price Per SF | $149.37 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Tenure | Long Leasehold |
DESCRIPTION
The commercial units will consist of three newly developed premises in a shell condition with shop fronts installed and capped services. The new units will form part of an extensive residential development which will consist of 150 new apartments with integrated car parking.
SALE NOTES
Leasehold – A new lease drawn on a Full Repairing and Insuring basis, subject to a service charge for a minimum term of 10 years incorporating upward only rent reviews.
Long Leasehold – a new 150 year lease at a peppercorn rent without review.
NEARBY MAJOR RETAILERS
