THE SITE: Being slightly irregular in shape with a frontage of approximately 13.41m (44ft) to Fore Street and a frontage of approximately 20.12m (66ft) to Neptune Quay and an average depth of approximately 70.10m (230 ft).

SITE AREA – 0.118 h.a.

THE PROPERTY: The property is of considerable importance in both historical terms and the prominent part it now plays in the sky line and re-development of the Wet Dock Area. Being partly Grade I Listed it offers great character to the area, and the majority of the buildings have been structurally repaired and refurbished over the last 25 years in close association with English Heritage.

Briefly the property more specifically comprises:

Cobbold's on The Quay Public House
Originally a Malt Kiln of brick and tile construction, this building was completely refurbished and converted into a Public House during the 1980s. Briefly the accommodation is as follows:

Ground Floor:
Entrance Hall, separate Ladies & Gents Cloakrooms

First Floor:

Second Floor:

TOTAL EFFECTIVE FLOOR AREA 163.96 sq m

Lease
Originally leased to Tollemache & Cobbold Brewery Limited, now forming part of T.D. Ridley & Sons Limited, for a term of 10 years from 1 st April 1997 subject to Full Repairing and Insuring covenants. The current rent passing is £23,500 pax which was agreed under the Rent Review on 1 st April 2002 and will continue until the expiration of the Lease on 31 st March 2007.

Warehouse with Planning Permission for a Restaurant and Retail Units

Originally used as a warehouse, this is a 3 storey building constructed of brick and tile. Planning permission has now been obtained to convert part of the building into a restaurant providing 120 covers together with 3 ground floor lock up shops.

The existing building offers the following accommodation:-

Ground Floor - Entrance lobby with stairs to First Floor

TOTAL EFFECTIVE FLOOR AREA 631.84 sq m

Large Courtyard
Centrally located within the complex is a courtyard area suitable for open restaurant/bar use and marquee functions.

Sale Room
This is a two storey building of timber frame construction with brick infill walls and a pitched tiled roof. The building is believed to date from the middle of the 16 th Century and features a roof of Queen Post construction.

Ground Floor:

First Floor:

TOTAL EFFECTIVE FLOOR AREA 129.86 sq m

Crossway
This building is of similar age and construction to the Sale Room.

Ground Floor:

Kitchen and wc.

First Floor:

TOTAL NET EFFECTIVE FLOOR AREA 74.74 sq m

Merchant's House, 80a Fore Street, Ipswich
A timber framed building dating back from 1636. This building provides living accommodation on the ground and first floors together with attic and cellar storage areas.

The following accommodation is provided:

Basement – Cellar
Ground Floor – Entrance hall, 2 reception rooms and kitchen
First Floor – Landing, 3 bedrooms, box room and bathroom with separate wc.
Second Floor – Landing, 3 attic rooms

TOTAL EFFECTIVE FLOOR AREA 190.31 sq m

Offices, 80 Fore Street, Ipswich
A two storey building of timber framed construction with rendered elevations and a pitched tiled roof. To the rear is an addition of more recent construction.

The following accommodation is provided.

Basement – Cellar

Ground Floor:
Entrance Lobby

First Floor:

Second Floor:
2 attic rooms

TOTAL EFFECTIVE FLOOR AREA 50.88 sq m

NEPTUNE QUAY: The premises include wharfage of 66ft or 20.12 metres to Neptune Quay. This wharfage is currently let to Neptune Marina Limited at £50 per annum per foot but the License is due for renewal and new license terms are under negotiation.

METHOD OF SALE: The property is for sale by informal tender. Offers should be submitted to the Agents, Pennington Chartered Surveyors, 10, Crown Street, Ipswich IP1 3LD, to arrive no later than 12 Noon on Wednesday 30th June 2004. Offers should be in writing, with any conditions being clearly stated. Offers should be for an uneven amount to reduce the possibility of duplication. Offers must also be for a certain figure and expressed in pounds Sterling. No offer will be considered which is either escalating or is determined by reference to an amount offered by another party. Where appropriate, bidders are asked to supply their "Company Number" with their offer. Purchasers are also requested to provide evidence of funds being available to facilitate this purchase. The Vendors would wish to see an exchange of contracts effected within 28 days of the purchaser`s solicitors being in receipt of full draft documentation but if the purchaser`s timetable varies from this, applicants are invited to specify their desired timeframe. The Vendors reserve the right not to accept the highest or indeed any offer received. The offer letter should clearly state the name of the purchaser together with the name and address of the solicitor who will be acting on their behalf. The envelope containing the offer should be clearly marked "Isaac Lord"

VAT: VAT is not applicable in this sale.

SERVICES: Mains gas, water and electricity are connected to the premises.

NOTE: Upon application an Information Pack containing further details can be purchased from the Agents office including copies of Leases, Planning Permissions, Building Regulations and plans etc.

VIEWING: Strictly by prior appointment with SOLE AGENTS:

Pennington Chartered Surveyors 01473 295555

AGENTS NOTE: These particulars do not constitute any offer, contract, or part thereof. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details contained herein are for general guidance only and prospective purchasers, or tenants, should not rely on them as statements or representation of fact and must satisfy themselves as to their accuracy. Neither Pennington nor it's employees or representatives have any authority to make or give any representation or warranty or enter into any contract in relation to the property. Rents and prices quoted in these particulars are subject to VAT unless specifically stated otherwise. The reference to any mechanical or electrical equipment or facilities of the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function and prospective tenants/purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Any plans incorporated with these particulars are for guidance purposes only and are not to scale.

10 Crown Street, Ipswich, IP1 3LD
TEL: 01473 295555
FAX: 01273 214456

LOCATION: The premises are located approximately ½ mile to the south east of the main town centre of Ipswich fronting on to Neptune Quay and overlooking the Wet Dock.

The Wet Dock area is one of the fastest growing residential and leisure areas in East Anglia, its re-generation and re-development having commenced about 20 years ago. It is now a vibrant place to be with the continuing development of high quality apartments and supporting leisure and business activities similar to London’s re-developed dock area.

The prospect of Ipswich’s status as a University Town will also have a major impact upon the Wet Dock area where the University Campus will have a significant presence.

Ipswich itself is geographically well placed within the South East, having excellent lines of communication along the A12 and A14 providing easy access to Felixstowe Docks, London and the Midlands and the North respectively. There is also a good train service to London taking approx. 1 hour journey time. Ipswich serves a population of about 130,000 and because of its location continues to provide outstanding potential and opportunities for both existing and new businesses. These premises offer just such business potential and opportunity.