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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.

Key points

  • 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%.
  • Freehold
  • 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.

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