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153 Princes St, Ipswich

Client
Princes Street Properties Limited
Price
£5.3m
Deal date
June 2022

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Investment sale of town centre office, single let to Curtis Banks Plc for an effective 11 years term certain.

35,312 sq ft office building single let to Suffolk Life Pensions Ltd (with a guarantee from Curtis Banks Plc) on a new 10 year lease with an effective 11 years term certain.

Passing rent of £459,000 per annum reflecting a low £13.69 psf.

The property has an EPC rating of C68.

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602253

Richard Walden

Associate, Capital Markets

Equipped with a methodical and analytical approach, Richard strives to secure his clients the best deals possible – often leading to repeat business.

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