Lot 1 - 2-6, Arcade Street, Ipswich, Suffolk, IP1 1EX
- Unconditional Online Auction Sale
- Guide Price* : £395000
A Grade II Listed office building of 443sqm (4762sq.ft) located in Ipswich Town Centre
Description
Landmark Grade II Listed office building of 443sqm (4762sq.ft) situated in Ipswich town centre.
20 offices including storage, staff facilities and circulation areas.
Vacant possession upon completion.
Method of Sale
The property is offered for sale by Unconditional Timed Online Auction on 12th March 2025 and on the assumption the property reaches the reserve price, exchange of contracts will take place upon the fall of the electronic gavel with completion occurring 20 working days thereafter. For details of how to bid please read our Online Auction Buying Guide.
The vendor’s solicitor has prepared an Auction Legal Pack. This is available to view online and interested parties should register online to receive updates. If you are viewing a hard set of these particulars or via Rightmove or alike please visit the Online Property Auctions section of Clarke and Simpson’s website to Watch, Register and Bid.
Seller’s Solicitors
The seller’s solicitors are Ellisons Solicitors; Connexions, 159 Princes St, Ipswich IP1 1QJ 1UQ Tel: 01473 230033. We recommend that interested parties instruct their solicitor to make any additional enquiries prior to the auction.
Location
2-6 Arcade Street is located in the town centre of the county town of Ipswich. The property is situated adjacent to the main retail centre of the town to the west of Princes Street, where you will find the renowned Corn Exchange, alongside a mix of national and local retailers and service providers.
Ipswich has a population of circa 140,000 and a retail catchment population of approximately 300,000. The town lies on the River Orwell, approximately 70 miles north east of central London and 15 miles north-west of the port of Felixstowe. The town has a mainline train station with direct services to Norwich, Cambridge and London Liverpool Street Station, alongside benefiting from good access to both the A12 and A14 trunk roads.
Directions
From Ipswich town hall on Princes Street, head south before turning right at the Corn Exchange onto King Street. Proceed further whether the property will be found on the right hand side, as part of The Arcade.
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Description
2-6 Arcade Street is a Grade II Listed office building situated in the heart of Ipswich town centre.
On the ground floor you will find a spacious reception, 6 independent offices, board room, large strong room, wc facilities and staff kitchen. On the first floor are 14 offices, library, tea point and server room.
According to the Listing Schedule, The Arcades Listed Building Entry Number is 1037786.
Services
We are informed mains water and electricity are connected and that the property benefits from mains foul drainage. The property is fitted with an intruder alarm, fire alarm and benefits from PIR lighting. Interested parties should make their own enquiries regarding services.
VAT
Not applicable.
Energy Performance Certificate (EPC)
Exempt due to listed building status.
Rateable Value
£26,000
Local Authority
Ipswich Borough Council.
Viewing
Strictly by appointment with Clarke and Simpson.
NOTES
1. Every care has been taken with the preparation of these particulars, but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. These Particulars do not constitute a contract or part of a contract. All measurements quoted are approximate. The Fixtures, Fittings & Appliances have not been tested and therefore no guarantee can be given that they are in working order. Photographs are reproduced for general information and it cannot be inferred that any item shown is included. No guarantee can be given that any planning permission or listed building consent or building regulations have been applied for or approved. The agents have not been made aware of any covenants or restrictions that may impact the property, unless stated otherwise. Any site plans used in the particulars are indicative only and buyers should rely on the Land Registry/transfer plan.
2. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require all Estate Agents to obtain sellers’ and buyers’ identity.
3. In the unlikely situation of our client considering an offer prior to auction, a premium price would have to be put forward and the purchaser would be required to sign the contract and put down a 10% deposit and pay the Buyers Administration Charge, well in advance of the auction date. An offer will not be considered unless a potential buyer has read the legal pack and is in a position to immediately sign the contract. The seller is under no obligation to accept such an offer. It should be noted that Clarke and Simpson cannot keep all interested parties updated and at times will be instructed to accept an offer and exchange contracts without going back to any other parties first.
4. Additional fees: Buyers Administration Charge - £900 including VAT (see Buying Guide). Disbursements - please see the Legal Pack for any disbursements listed that may become payable by the purchaser upon completion.
5. The guide price is an indication of the sellers minimum expectations. This is not necessarily the figure that the property will sell for and may change at any time prior to the auction. The property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we will expect to be set within the guide range of no more than 10% above a single figure guide.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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