The property comprises 18,301 sq ft, was purchased from CBRE Global Investors and is fully let to three tenants, Plumb Mate, Crown Paints, and Kent Blaxill & Co., with an average rent of £4.73 per sq ft and a net income of circa £77,633 per annum.
John Hanson, Director, National Investment, Colliers International, said, “This multi let trade investment is well located in Ipswich, close to the Neptune Marina development and residential development areas. It offers our client the ability to regear leases and undertake further asset management. The site offers long-term higher use values, subject to planning.”
Colliers advised Wynnstay Properties. Griffiths Eccles advised CBRE Global Investors.