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Ipswich – High Yielding Town Centre Retail Investment Opportunity Let to B&M

B&M, 47-57 Carr Street, Ipswich, IP4 2HB

Property Type:
Commercial
Sub Type:
Retail

Income

£197,000 per annum

Description

  • 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.