Carr St Phase II, Ipswich

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Town Centre Conversion / Development / Opportunity

The premises comprise part of the former Ipswich Co-op department store and are located in a part of Ipswich town centre which is undergoing significant transformation by way of (1) the conversion of nearby former office premises into residential use (2) the future construction of a new primary school on an immediately adjacent site (3) the imminent conversion of a former Odeon Cinema for church/community use and (4) the enlargement of a council-owned surface car park in Cox Lane to the rear of the building

Whilst the current/previous use of the premises is retail/offices, the opportunity exists here for this extensive building to be remodelled/refurbished/part-redeveloped for a wide variety of occupational uses including (STPP) hotel, public house, restaurant, residential, D1 & D2 use as well as retail.   

The premises are arranged on ground, first and second floors with some basement space offering the following approximate gross internal floor areas:

Ground Floor

13,412 sq ft

(1246 sq m)

First Floor

11,614 sq ft

(1079 sq m)

Second Floor

10,129 sq ft

(941 sq m)

All areas are approximate and verification required

Externally a service yard gives access off Cox Lane to the rear of the premises. 

Parts of the ground floor of the premises are either let or under offer as retail shops and details of these tenancies, producing an annual rental income in excess of £150,000 per annum excl.

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