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Museum Street, Ipswich IP1

Multi-Let Town Centre Office Investment
For sale
  • Office Investment Opportunity in a Prominent Town Centre Location.
  • Located in Ipswich, a major commercial centre in the east of England.
  • Situated in Museum Street, within the town’s business district and in close proximity to the town centre amenity and retail core.
  • The property comprises 16,409 sq ft over three floors.
  • Five tenants with a WAULT to expiry of 4.40 years (1.8 years to break).
  • Let to low risk covenants.
  • Total current rent of £203,995 per annum (£12.43 per sq ft overall).
  • Offers are sought in excess of £1,500,000 (One Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects an attractive Net Initial Yield of 12.82% exclusive of purchaser’s costs of 6.10% and a low Capital Value of £91 per sq ft.
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