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Fully Let Highly Reversionary Office Investment

Ipswich, United KingdomUnlock address

79%

£15.000.000

Office

#34017

Core+

4 Mar 2024

Property Details

Broker

For sale

146,526 sq.ft.

13,613 m²

Leasable area

102 £/sq.ft.

1,101 £/m²

12.56 %

4

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Prominently situated Grade A office building in the heart of Ipswich town centre. Strategically located between Ipswich railway station and the wider amenity offering. 146,526 sq ft of Grade A office accommodation delivered across flexible c.17,000 sq ft floor plates. WAULT to break of 7.02 years and 12.06 to expiry. 100% of the contracted income is secured against D&B. Minimum Risk rated tenants. Current passing rent £2,011,498 (£14.67 psf) per annum. Excellent reversionary potential with a proven reversion at £16.50 psf in the building and Ipswich headline rents reaching £21 psf.