Office in Parkeston available for sale
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Office Properties for Sale near the Parkeston, UK

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Office Properties for Sale Within 10 miles of the Parkeston, UK

More details for Civic Dr, Ipswich - Office for Sale

Ipswich Crown Court - Civic Dr

Ipswich, IP1 2AW

  • Office for Sale
  • £675,000
  • 25,610 sq ft

Ipswich Office for Sale

The property is a purpose-built Crown Court, constructed circa 1960, of concrete frame construction with brick elevations beneath a combination of flat and mono-pitch roofs. The building is arranged over ground, first, and basement levels.<br/><br/>The ground floor is centred around three courtrooms, with vaulted public viewing galleries in the outer two courts. Ancillary accommodation, including offices, kitchens and WC facilities, are positioned around the courtrooms off a hallway. The main entrance, accessed from Civic Drive, is positioned centrally at the front of the property, with an accessible entrance situated at the side.<br/><br/>The rear first floor provides additional cellular office accommodation, while the separate front section comprises the public viewing galleries. The basement includes a series of former cells, along with further ancillary rooms.<br/><br/>The specification is basic and varied dependent on the use for the rooms. The general specification to the offices is surface mounted fluorescent lighting, perimeter heating, power points and carpet floor coverings.<br/><br/>Externally, a surfaced car park is located to the rear of the building.<br/><br/>LOCATION<br/>The property occupies a prominent position off Civic Drive, on the roundabout adjacent Handford Road. Civic Drive forms part of the town's inner ring road, connecting the town centre with the A12 and A14 trunk roads. <br/><br/>The surrounding properties are of various uses including a theatre, church, residential, school and offices.<br/><br/>ACCOMMODATION [Approximate Gross Internal Floor Areas]<br/> Basement : 4,162 sq ft [ 386.64 sq m] <br/> Ground Floor: 14,051 sq ft [ 1,305.37 sq m] <br/> First Floor (inc. Galleried Area & Offices: 2,858 sq ft [ 265.55 sq m] <br/> Total Gross Internal Floor Area: 21,071 sq ft [ 1,957.57 sq m]<br/><br/>BUSINESS RATES<br/>According to the VOA, the premises has a Rateable Value (RV) of £61,500 with Rates Payable of £33,825 pa (2025/26), based on a UBR of 0.55. From April 2026, the RV is due to decrease to £58,000, while the UBR will reduce to 0.49, resulting in Rates Payable of £28,942 pa.<br/><br/>All interested parties should make their own enquires with the local rating authority in order to verify their rates liability.<br/><br/>PLANNING <br/>We believe the property falls within Class F1-Learning and Non-Residential Institutions of the Town & Country Planning (Use Classes) Order 1987 (As amended), which allows for a variety of public uses.<br/><br/>All interested parties should make their own enquiries with the local planning authority to confirm their intended use.<br/><br/>SERVICES <br/>It is understood the property is connected to mains electricity, gas, water and drainage.<br/><br/>We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all those serving the property including IT and telecommunications.<br/><br/>LOCAL AUTHORITY <br/>Ipswich Borough Council, Grafton House, 15-17 Russell Road Ipswich, Suffolk, IP1 2DE. <br/>[use Contact Agent Button]<br/><br/>ENERGY PERFORMANCE CERTIFICATE [EPC] <br/>F (142) Rating ref:[use Contact Agent Button]-9771-1207<br/><br/>TERMS<br/>Offered for sale on behalf of Ipswich Borough Council.<br/><br/>Offers are invited in the region of £675,000 for the freehold interest with vacant possession upon completion.<br/><br/>The property is not VAT elected.<br/><br/>LEGAL COSTS <br/>Each party is to be responsible for their own legal costs.

Contact:

Fenn Wright

Date on Market:

16/01/2026
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FAQs about Office buildings For Sale in Parkeston

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How many office properties are available for sale in Parkeston?
There are currently 0 office premises available for sale near Parkeston. These Parkeston offices for sale have an average size of. The largest available office for sale in Parkeston is. The thriving commercial centre and excellent transport links in Parkeston make it an ideal location for businesses to find suitable Office Property for sale.
How much does it cost to buy Office Property in Parkeston?
The average price/SF for Office Property for sale in Parkeston is about. The cost per sq ft for Office Property in Parkeston ranges from to , depending on the location and the size of the property.
What factors could affect the prices of office properties in Parkeston?
Several factors can impact the price of office buildings, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Office Properties is.
What is the largest office building available for sale in Parkeston?
Currently, the largest office available to buy is and the smallest is. The average size of Office Property available for sale in Parkeston is approximately.
What types of tenants occupy office buildings in the UK?
Office tenants range from startups and SMEs to multinational corporations. Sectors include finance, legal, technology, media, and professional services. Longer lease terms and strong covenants can make office buildings more attractive to investors.
Are serviced offices or traditional offices better for investment?
Serviced offices offer higher returns but more operational complexity. Traditional long-lease office buildings offer stable income and are generally lower risk. The best choice depends on your investment strategy and appetite for management involvement.
Can office buildings be repurposed or refurbished for higher returns?
Yes. Many investors add value by upgrading office interiors, improving energy efficiency, or converting older stock to mixed-use. High-spec, modern offices with flexible layouts and ESG features often attract premium tenants.
What ESG factors are important for office property investment?
Energy performance (EPC rating), sustainability certifications (e.g. BREEAM), access to natural light, ventilation, and proximity to public transport are increasingly important. Environmentally efficient buildings may achieve better occupancy and rent levels.
What should I consider during due diligence?
Review lease terms, tenant strength, service charges, building condition, planning consents, and local market trends. A commercial solicitor and building surveyor should support your purchase process to minimise risk.

Discover More Office Properties for Sale in the Parkeston, UK

You searched for office buildings for sale in Parkeston. Explore 0 listings from leading agents on LoopNet. Whether you're seeking office properties to expand your portfolio, establish a headquarters, or secure a prime investment opportunity, LoopNet provides a diverse selection to meet your needs. Each listing offers detailed information on building features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of office investment properties worldwide, LoopNet is your trusted partner in finding the perfect office investment.

Key Factors to Consider When Investing in an Office Building

Investing in an office building can be a lucrative venture, but it requires careful evaluation. Here are the most important factors to consider:

  • Location & Accessibility
    • Prime locations with strong demand offer higher rental yields.
    • Proximity to public transport, major roads, and amenities increases tenant appeal.
  • Tenant Demand & Occupancy Rates
    • Analyse market demand for office space in the area.
    • Check vacancy rates and existing long-term leases.
  • Rental Yield & Return on Investment (ROI)
    • Compare rental income vs. property price to assess profitability.
    • Consider potential for rental growth over time.
  • Property Condition & Age
    • Older buildings may require costly renovations.
    • Modern buildings with energy-efficient features attract premium tenants.
  • Market Trends & Economic Conditions
    • Evaluate office space demand, remote work trends, and business growth in the area.
    • Check local economic stability and corporate presence.
  • Building Amenities & Features
    • High-speed internet, parking, security, and sustainability features boost property value.
    • Shared meeting rooms and flexible layouts attract a broader tenant base.
  • Legal & Planning Permission
    • Ensure compliance with local planning laws and building codes.
    • Understand lease structures and tenant obligations.
  • Maintenance & Management Costs
    • Factor in ongoing maintenance, property management fees, and service charges.
    • A well-managed building retains tenants and minimizes turnover costs.
  • Future Development & Infrastructure
    • Nearby upcoming developments can impact demand and property value.
    • Infrastructure projects like new transport links can enhance desirability.
  • Exit Strategy
    • Consider long-term value appreciation and potential resale opportunities.
    • Analyse liquidity in the commercial property market.

By carefully evaluating these factors, you can make a more informed investment decision and maximise returns on your office building purchase.

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