Available
Ipswich – Convenience Store
33 Compair Crescent, Ipswich, Suffolk IP2 0EHLeasehold Retail Investment
Price
£160,000
Rent P.A.
£15,000
Yield
9.38%
Tenure
Leasehold
Lease Term
6 Years 11 Months
Years Left on Lease
5y 7m
Area
1,180 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises corner ground floor shop t/a convenience store
- Let until February 2031. No breaks. Rent review in 2029 open market upward only
- Occupiers nearby include Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises corner ground floor shop t/a Convenience Store, providing the following accommodation and dimensions:
Ground Floor: 110 sq m (1,180 sq ft)
Open plan retail, store, kitchen, wc
Ground Floor: 110 sq m (1,180 sq ft)
Open plan retail, store, kitchen, wc
Tenancy Description
The property is at present let to MG Ipswich Limited for a term of 6 Years 11 Months years from 18th March 2024 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 18.03.29 open market upward only. No breaks. Deposit held of £3,000.
Tenure.
Long leasehold. Held on a 125 year lease from 24th June 2007 at a ground rent of a peppercorn.
Tenure.
Long leasehold. Held on a 125 year lease from 24th June 2007 at a ground rent of a peppercorn.
Tenancies & Accommodation

Location Description
The nearby Ranelagh Road (B1075) leads onto the A1214 which in turn provides access onto both the A12 and A14. Ipswich Rail Station situated 0.4 miles south-east with occupiers nearby including Pentahotel, Inter Sport, Stellisons Electronics and Matalan, amongst other local traders in the residential neighbourhood.