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Detached Office Building Gross Internal Approx 13,706 Sq Ft (1273.8 Sq M)

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Detached Office Building Gross Internal Approx 13,706 Sq Ft (1273.8 Sq M) Gipping Way, Stowmarket, Suffolk, IP14 1RA Detached Office Building Gross Internal Approx 13,706 sq ft (1273.8 sq m) Gipping Way, Stowmarket, Suffolk, IP14 1RA Key Details • Prominent frontage to Gipping Way • Good quality offices with meeting rooms • Close to town centre and train station • On site car parking • Alternative showroom or residential conversion opportunity (STP) Location Stowmarket is situated approximately 12 miles North West of Ipswich and 14 miles South East of Bury St. Edmunds and occupies a strategic location in the centre of the county of Suffolk on the A14 which links the Midlands and the North to the Euro-Port of Felixstowe. The Town is also served by the main Norwich to London rail link. Stowmarket has a population of approximately 19,000 and there are currently extensive housing developments within the town and a large rural catchment. The premises are prominently situated fronting Gipping Way which forms part of the principal road network into the town centre and close to the crossroad junction leading into the central retail area and railway station. The town’s main retail area is only a short distance from the property. Description The premises comprise a modern two story office building with on site car parking for approximately 32 vehicles. The property is of steel frame construction with brick infill walls arranged over ground and first floor. There are display windows to the ground floor and casement windows to the upper floor providing excellent natural light. The premises were substantially refurbished in 2012 including the provision of air cooling/heating units to ceiling voids . There is an integral storage/loading area with goods lift to the first floor. Disabled toilet to ground floor and staff welfare and toilet facilities to first floor. Gipping Way, Stowmarket, Suffolk, IP14 1RA Accommodation Terms The building provides the following Gross Internal Areas: The property is available on either a new lease on terms to be agreed or the freehold subject to the Bosch lease or with vacant possession. Sq ft Sq m Ground Rent Offices & Ancillary 7,645 710.5 £81,500 per annum, exclusive of VAT. First Price Offices & Ancillary 6,061 563.3 Offers are sought in the region of £1m exclusive of VAT. VAT Total Gross Floor Area 13,706 1,273.8 VAT is not currently charged on the rent or purchase price but the landlord/seller reserves the right to elect for VAT election. Exterior Car Parking for approximately 32 vehicles. Business Rates Planning The property is described in the Rating List 2017 as Offices & Premises with a No enquiries have been made with the local planning authority into alternative rateable value of £91,000. uses nor has an application been made for Prior Approval for conversion to residential use. EPC D - 81. Please contact the agents for a full copy of the report. The property was originally a purpose built furniture showroom and benefit from a past retail consent. For the past nine years it has been used for office Legal Costs purposes. Each party to be responsible for their own legal costs incurred in this transaction. The Tenant/Buyer will be required to provide an undertaking to pay the Interested parties should make their own planning enquiries with Mid Suffolk Landlord’s/Seller’s abortive legal costs should they not proceed once solicitors are Council. instructed. Existing Lease Viewing & Further Information The property is currently let to Bosch Lawn & Garden Ltd for a term to expire on Please contact the sole marketing agents Hazells Chartered Surveyors - 01284 the 6 October 2021 at a rent of £81,227 per annum exclusive. 702626 or email the following: Bosch have confirmed that they do not intend to renew the lease in 2021. Richard Pyatt MRICS Ella Forman Jonathan Lloyd MRICS [email protected] [email protected] [email protected] Gipping Way, Stowmarket, Suffolk, IP14 1RA Gipping Way, Stowmarket, Suffolk, IP14 1RA For Identification Only Published 10th February 2020 - Hazells is a trading name of Hazells & Co (BSE) Ltd. Registered in England No. 6279351 NOTE: Hazells for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute nor constitute part of, an offer or contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each item: (iii) no person in the employment of Hazells has any authority to make or give any representation or warranty whatever in relation to this property. .
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