40-50 Princes St - Office FOR SALE


Ipswich, SFK IP1 1RJ
$2,750,000 USD
147-321-1933
40-50 Princes St, Ipswich, SFK for Sale
$2,750,000 USD
Office - FOR SALE
1/22
null | Request Cap Rate

40-50 Princes St
Ipswich, SFK IP1 1RJ


HIGHLIGHTS

  • Fully let investment for sale
  • Excellent natural light from generous fenestration
  • Parking for at least 10 car
  • Directly opposite the property is Norman Foster’s iconic listed Willis Building

OVERVIEW

The premises are on a highly prominent position on the west side of Princes Street, just to the north of Civic Drive/Franciscan Way, thereby affording the property superb visibility when approaching from the south. It is in the heart of the town’s central business district, moments from Cornhill, the prime pedestrianised pitch of Butter Market and the Butter Market Shopping Centre. Directly opposite the property is Norman Foster’s iconic listed Willis Building, a local landmark occupying an island site and recognised for its dark glass facades and almost Pompidou Centre qualities, with the building’s feature plant visible through the glass facades. Other occupiers in the vicinity include Barclays Bank and several national estate agencies and recruitment companies, whilst the town’s leading law firms such as Birketts, Gotelee and Prettys are close by. Ipswich mainline station is approximately 8 minutes walk away, while numerous bus routes operate in the area. Fully let investment for sale at a reduced price of £2.75m. Total rental income £168,850 before incentive, increasing to £175,300 in 2022 and £181,750 in 2023.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

SK313665,SK340238,SK55372

ASK ABOUT THIS PROPERTY

Vanessa PennPenn CommercialMore Info
147-321-1933

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Vanessa PennPenn CommercialMore Info
147-321-1933

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