Ipswich – High Yielding Town Centre Retail Investment Opportunity Let to B&M
B&M, 47-57 Carr Street, Ipswich, IP4 2HB
- Property Type:
- Sub Type:
£197,000 per annum
- Located in the heart of Ipswich Town Centre.
- Prominent retail unit let to B&M Retail Limited until October 2028.
- Comprising ground and basement retail accommodation, totalling 32,896 sq ft.
- Virtual Freehold.
- Passing rent of £197,000 per annum, reflecting £6.00 per sq ft.
- Upwards only rent review in October 2021.
- No breaks.
- High yielding.
- We are seeking offers in excess of £2,060,000 subject to contract and exclusive of VAT. This shows a net initial yield of 9% after allowing for standard purchaser’s costs.