Red Dot Europe Ltd Ipswich, IP1 5NP
25990 sq ft Industrial
Freehold Property to buy in Ipswich
Opportunity to acquire a modern, self-contained, well-let industrial investment in the heart of one of Ipswich’s primary industrial parks.
- Located 2 miles north west of Ipswich town centre, within the Whitehouse Industrial Estate.
- Situated 0.4 miles from J53 of the A14, providing excellent connectivity into Colchester, Chelmsford and London to the south and Cambridge, Norwich and Bury St Edmunds to the north.
- Site extending to 1.41 acres (0.57 hectares), providing a site coverage of 40%.
- Let in its entirety to Red Dot Europe Ltd, an international HVAC components manufacturer and distributor, with 7.5 years until lease expiry in November 2028.
- The property is of critical importance to the tenant as demonstrated by both their lease regear in 2018 and substantial level of investment in the unit.
- The passing rent is £155,000 per annum which equates to £6.25* per sq ft.
- Offers are sought in excess of £2,425,000 (two million, four hundred and twenty five thousand pounds), subject to contract and exclusive of VAT.
- This reflects a Net Initial Yield of 6.00%, assuming purchaser’s costs of 6.37%, and a low capital value of £93 per sq ft.