£15.000.000
Confirmation
Fully Let Highly Reversionary Office Investment
Property Details
Broker
For sale
146,526 sq.ft.
13,613 m²Leasable area
102 £/sq.ft.
1,101 £/m²12.56 %
4
Freehold
Fees
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.
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