37-49 Westgate Street, Ipswich

Investment - Sold

37-49 Westgate Street, Ipswich

Price

£1,750,000

Rent

£220,000

Description

The subject property is situated on the western section of Westgate Street which is one of the town’s busiest thoroughfares, close to the junction of the High Street. The properties comprises an unbroken parade of 5 retail shops with upper floors let to a number of national retailers including Bet Fred, Trespass and Superdrug Stores. There are various asset management opportunities available including re-gearing the existing leases, redeveloping the upper floors above Bet Fred as there is an existing self-contained entrance on Westgate Street and break up the individual freeholds to sell separately.

Net Initial Yield

11.9%

Contact Us

Contact one of the team at KLM Retail

Call us on +44 (0)20 7317 3700