Office for sale in 2 Reavell Place, Ipswich, Suffolk IP2

Description
The buildings all benefit from air conditioning, car parking, staff welfare facilities, carpet tiles, suspended ceilings, and full networking and telecoms provisioning.

The Properties
Fleximize: Holbrook House, 51 John Street, Ipswich, IP3 0AH

Fleximize: Archibald House, 50-56 Wykes Bishop Street, Ipswich, IP3 0DT

Network Rail: 2 Reavell Place, Ipswich, IP2 0ET

Tenancy Schedule
2 Reavell Place
10 year lease to Network Rail
Break clause 5th anniversary (July 2028) – 4.5 month rent free period if the break is not exercised.
Rent: £35,500 per annum exclusive
Upward only rent review on the fifth anniversary

51 John Street
Let to Fleximize
Lease expiry 4th June 2026
Average rent until expiry £52,277 per annum exclusive
Outside of the Landlord and Tenant act

50-56 Wykes Bishop Street
Let to Fleximize
Lease expiry 31st May 2028
Break Clause 1st June 2026
Rent £36,000 per annum exclusive

Accommodation (all areas are approximate)
2 Reavell Place, Ipswich IP2 0ET
Let to Network Rail
411.46 sq m (4,429 sq ft)

51 John Street, Ipswich
IP3 0AH
Let to Fleximize
378.2 sq m (4,070 sq ft)

50-56 Wykes Bishop Street, Ipswich IP3 0DT
Let to Fleximize
371.6 sq m (4,000 sq ft)

Planning
We understand the properties to have planning for Class E, Commercial Use. All interested parties should contact Ipswich Borough Council.

Business Rates
All interested parties should contact Ipswich Borough Council.

Terms & Tenure
The premises are available For Sale on a long leasehold basis as a single lot at a price of £1,025,000.

Services
We understand that mains electricity and water are connected to the properties. 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 telecommunications links.

Energy Performance Certificate
Full copies of the EPCs are available upon request, ratings B45, B32 and C55.