IP1 Great White Horse Hotel, Tavern Street, Ipswich

The building is Grade II* Listed, and it offers four flexible Class E retail units. The property formally operated as the Great White Horse Hotel, The Tavern Street frontage provides for two independent retail shops, formerly occupied by Cotswold and Starbucks. Access to the upper parts and the rear of the property can be obtained off Northgate Street. The property currently has consent for Class E retail use.

Accommodation (all areas are approximate)

Unit 1: 124 sq m / 1,335 sq ft

Unit 2: 432 sq m / 4,650 sq ft

Unit 3: 140 sq m / 1,507 sq ft

Unit 4: 100 sq m / 1076 sq ft

Total: 796 sq m / 8,568 sq ft

Planning

Planning permission has been obtained to increase the size of the Starbucks unit. Planning permission has been obtained to convert the upper parts for use as a Business Centre, with six self-contained apartments. Planning has been applied for an additional retail unit fronting Northgate Street. All interested parties should contact Ipswich Borough Council.

Business Rates

Business Rates to be assessed. All interested parties should contact Ipswich Borough Council.

Legal Costs

Each party to bear responsibility for their own legal costs incurred in this transaction.

Services & Service Charge

We understand that mains electricity and water are connected to the property. NB: None of the services have been tested and it is the responsibility of the proposed tenant to satisfy themselves as to their operation / condition including IT and telecommunications links. Service Charge to be confirmed.

Energy Performance Certificate

EPC to be commissioned.

Terms & Tenure

The premises are available to let, on new full Internal Repairing lease terms, for a term of years to be agreed, Unit 1: £35,000 per annum exclusive / Unit 2: £55,000 per annum exclusive / Unit 3: £30,000 per annum exclusive / Unit 4: £12,000 per annum exclusive.

VAT

VAT is not applicable

The property is situated on Tavern Street, Ipswich's main retail throughfare, offering prominent frontage to Tavern Street and return frontage to Northgate Street. It is located within a short walking distance of the adjoining shopping thoroughfares of Westgate Street and Carr Street, and there are public car parks close by and also the Waterfront. Other high-quality premises in the area include Tesco Express, Costa, O2, TUI, LUSH and Yorkshire Bank, amongst others.