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3 Cromwell Crt
Ipswich IP1 1XG
Office Property For Sale
Investment Highlights
- Short walk to the rail station & the town centre
- Current rent roll of £29,000 per annum exclusive
- Fully let – current tenants are A Class Care, Hoopers Architects Ltd & DPS Tech Group LLP
Executive Summary
The property is available for sale freehold as an investment - all offices are fully-let.
The premises comprise a modern brick-built, three-storey self-contained office building, based around a central courtyard, and are built to a good specification.
The office spaces are open plan, with air conditioning, heating, carpet flooring, suspended ceilings and fluorescent lighting, and are in good decorative order throughout. Shared male/female WCs are available. Car parking spaces are allocated in the front of and at the rear of the property. Additional paid parking is available in nearby Novotel and Cardinal Park (subject to a separate negotiation).
The property is situated in Cromwell Court, which is a courtyard office scheme located on Greyfriars Road, close to the main town centre and adjacent to the Novotel Hotel. The Waterfront is a short walk away, as is the main rail station, with Intercity services to London Liverpool Street. The Waterfront is a short walk away, as is the main rail station, with Intercity services to London Liverpool Street. Additional paid parking is available in nearby Novotel and Cardinal Park.
Ipswich is the administrative and county town of Suffolk with a resident population of 130,000 and a retail catchment population of approximately 300,000. The town lies on the River Orwell, approximately 70 miles north east of central London, 55 miles south east of Cambridge, 43 miles south of Norwich, and 18 miles north east of Colchester. Major roads in the area include the A12, which provides dual carriageway access to the A14, providing a principal link from the Port of Felixstowe (9 miles to the south east) to the East Midlands.
Business Rates
All enquiries to Ipswich Borough Council.
Planning
Class E office planning use. All enquiries to Ipswich Borough Council.
Service Charge
We understand that all mains services and water are connected to the property. Nb: None of the services have been tested and it is the responsibility of the proposed purchaser to satisfy themselves as to their operation/condition, including it and telecommunication links. Service Charge to be confirmed.
EPC
Rating E111. Certificate Number , valid until 19th January 2031.
VAT is not applicable.
The premises comprise a modern brick-built, three-storey self-contained office building, based around a central courtyard, and are built to a good specification.
The office spaces are open plan, with air conditioning, heating, carpet flooring, suspended ceilings and fluorescent lighting, and are in good decorative order throughout. Shared male/female WCs are available. Car parking spaces are allocated in the front of and at the rear of the property. Additional paid parking is available in nearby Novotel and Cardinal Park (subject to a separate negotiation).
The property is situated in Cromwell Court, which is a courtyard office scheme located on Greyfriars Road, close to the main town centre and adjacent to the Novotel Hotel. The Waterfront is a short walk away, as is the main rail station, with Intercity services to London Liverpool Street. The Waterfront is a short walk away, as is the main rail station, with Intercity services to London Liverpool Street. Additional paid parking is available in nearby Novotel and Cardinal Park.
Ipswich is the administrative and county town of Suffolk with a resident population of 130,000 and a retail catchment population of approximately 300,000. The town lies on the River Orwell, approximately 70 miles north east of central London, 55 miles south east of Cambridge, 43 miles south of Norwich, and 18 miles north east of Colchester. Major roads in the area include the A12, which provides dual carriageway access to the A14, providing a principal link from the Port of Felixstowe (9 miles to the south east) to the East Midlands.
Business Rates
All enquiries to Ipswich Borough Council.
Planning
Class E office planning use. All enquiries to Ipswich Borough Council.
Service Charge
We understand that all mains services and water are connected to the property. Nb: None of the services have been tested and it is the responsibility of the proposed purchaser to satisfy themselves as to their operation/condition, including it and telecommunication links. Service Charge to be confirmed.
EPC
Rating E111. Certificate Number , valid until 19th January 2031.
VAT is not applicable.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
3,584 sq ft
Costar Property Class
C
Year Built
1988
Price
£320,000
Price per sq ft
£89.29
Yield
9.06%
NOI
£29,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,194 sq ft
Plot ratio
1.33
Total Plot Size
0.06 ac
Parking
2 Spaces (0.55 Spaces per 1,000 sq ft Leased)
Amenities
- Courtyard
- Security System
- Signage
- EPC - E
- Central Heating
- Common Parts WC Facilities
- Fully Carpeted
- Partitioned Offices
- Perimeter Trunking
- Smoke Detector
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