Commercial property for sale in Ipswich, England

Prime commercial unit in Ipswich town centre, with planning permission in place for conversion to 3x ground floor commercial units, and 3x first floor residential units. 50-54 Westgate Street, Ipswich. - Paul Hubbard Commercial is delighted to present this fantastic commercial and residential investment opportunity in the heart of Ipswich town centre. Situated on Westgate Street, one of the busiest shopping areas in Ipswich town centre, this property has been home to Belfast Beds for a number of years, and previously has been leased to a national high street chain on a long term lease agreement. The property was originally 3 separate properties which have now been combined to create one spacious and imposing commercial unit, boasting excellent shop frontage, over 4000sq ft of floorspace set across 2 floors in a fantastic town centre location. Planning permission has been granted to develop the property into 6 separate units, including 3x ground floor commercial units and 3x first floor residential units. Plans were passed in May 2023 and all documents relating to this are available upon request, or via the Ipswich Borough Council Planning Portal reference: ip/23/00024/ful Measurements for the proposed units are as follows: Ground Floor with new Planning Consent Shop 1: 53 sq m / 571 sq ft Shop 2: 66 sq m / 710 sq ft Shop 3: 45 sq m / 484 sq ft Commercial Total: 164 sq m / 1,765 sq ft Residential Flats Flat 1: 37 sq m / 398 sq ft Flat 2: 46 sq m / 495 sq ft Flat 3: 71 sq m / 764 sq ft Residential Total: 154 sq m / 1658 sq ft Circulation Space: 72 sq m / 775 sq ft Store: 9 sq m / 97 sq ft Overall Floor Area: 399 sq m / 4,295 sq ft GDV / GRV: Total GDV £675,000 Total GRV £4,490PCM / £53,880PA A more comprehensive breakdown of the GDV and GRV is available upon request.

Commercial property for sale in Ipswich, England

Residential development for sale

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