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Handford Road - Mariner House, Ipswich, SFK

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DetailMap
Mariner House Handford Road

Ipswich, IP1 2BB

(111.2 KB)

Property type:Office Sub Type:- Status:Existing , Renov 2008 Year built:1990
Floors:4 Typical floor:- Building size:21,202 sq ft
For sale price:£3,750,000 Price:£176.87 sq ft
Yield:5.90 %


The property comprises a self contained office building arranged over 4 floors with secure undercroft parking for 21 cars and a further 22 surface car parking spaces to the rear of the building access via a security gate from Portman Road. The office block is
constructed with a steel portal frame, solid floors and cavity brickwork elevations.
Mariner House is located in the centre of Ipswich, located 84 miles north east of central London with a population estimated at 150,000.

The property is situated on the corner of Handford Road and Portman Road, on one of the main arterial routes into the city centre.

The location is within close proximity to the main retail area and Ipswich mainline station and is immediately off the inner ring road, Civic Drive.

Sale Notes:
The investment opportunity comprises a self-contained office building arranged over four floors.
The property is fully let to Suffolk Mental Health Partnership NHS Trust on a 15 year lease commencing 15 April 2009, on a full repairing and insuring basis with 5 year upward only rent reviews .There is a fixed rental uplift from £211,775 pa to £231,943 pa at the first review in 2014.The vendor will guarantee the rent of £231,943 pa on completion.

Suttons Commercial
Rajiv Sabharwal
020 7664 8699




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