Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 8°C

Search

Ipswich: Vehicle workshop sold for £1.15m as confidence returns to commercial property market

06:00 07 May 2014

Sovereign House in Ipswich.

Sovereign House in Ipswich.

Archant

A large vehicle repair workshop just off Sproughton Road in Ipswich has been sold to the Autosleepers Group Ltd of Martlesham.

shares

Vanessa Penn of Penn Commercial, who acted on behalf of TrucksRUs who no longer needed the site, said that the sale of the property at £1.15million was a sign of a newly fast-moving commercial property market.

“The buyers completed within two weeks of receiving the contract, and there were bids from three interested parties. That’s a situation we haven’t seen for a number of years now.”

Sovereign House, which is on Farthing Road and close to the A14, offers the new owners approx 7,640 sq ft of ground and first floor accommodation, with a yard area of 0.81 acres.

It comprises a modern vehicle repair workshop and office accommodation with staff facilities. The surrounding yard, which is fully secured is block paved.

shares

1 comment

  • No. A two week period is a very fast turnaround in property, but how long was this property actually on the market for? I don't know, Google it.. I did... Just short of 6 months (earliest reference I could find) which is still pretty good but not amazing. Still listed as 'Under Offer' online - I wonder if Penn Commercial will remove this advert as all good agents should or leave it up online for another 6 months... I know Penn, Fenn Wright etc. are a little guilty of doing this - especially the "free advertising" property boards exempt from needing planning consent. I clocked one of FWs properties still being advertised a year on at an entrance to a busy industrial estate. Its legal and paid up for longer... why not? Well its hardly ethical.

    Report this comment

    Ipswich Entrepreneur

    Wednesday, May 7, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

The Iron Throne featured in the Game of Thrones series, which is coming to Ipswich this month

Pretenders to the Iron Throne will have the opportunity to stake their claim as ruler of Westeros this month as the iconic seat used in the hit TV show Game of Thrones will be coming exclusively to Ipswich.

Drink-drivers in court

An Ipswich drink-driver who carried out an ‘idiotic doughnut’ while police officers watched has been banned from the road.

The CCTV image issued by Suffolk police after a woman was assaulted in the Cornill area of Ipswich

Police have issued CCTV images of a man they would like to speak to after a woman was assaulted in the Cornhill.

Michael Leaberry

Police in Wales have launched an appeal to find a man wanted in connection with child sex offences, who is known to have links in Ipswich, Suffolk and Essex.

Woodbridge Thoroughfare

A fashion retailer looks set to open a new store in the heart of a Suffolk market town.

Sunset over Drinkstone - Pamela Bidwell

The sun going down over Suffolk is always a bewitching scene, with shadows cast over some of our most iconic landmarks and a warm glow burning behind.

Sports editor Mark Heath getting some wrestling and grappling lessons from wrestling and MMA coach Graham Yates.

Picture: ANTONY KELLY

I’m not sure if it’s called a ‘calf-slicer’ or a ‘calf-crusher’, writes Mark Heath. But I know this – it bloody hurts.

Many of the houses in Cromwell Street, Ipswich were due for demolition when this photograph was taken in the mid 1960s.
(Photo by Jack Keen)

Nearly 60 years ago a plan was drawn up for Ipswich to cope with the rise of the motor car by creating a dual carriageway around the town centre.

The team behind the building of the new Woolverstone Macmillan cancer centre at Ipswich Hospital celebrate reaching another milestone in the appeal. 
Jess Watkins, Kate Ashton, Sharon Austin, Mike Durrant, Joy Moulton, Jan Ingle, Ellie Ball, 
Pauline Meadows, Cheryl Thayer, Gill Heard, Helen Glenholmes and Mandy Jordan.

A brand new cancer centre opening in Ipswich soon has been boosted by a fundraising campaign which has raised more than a third of its £3.7million target in just 18 months.

The new Ipswich police headquarters from insurance company offices in Civic Drive in July 1968

In the summer of 1968 the Ipswich Police Station moved from under the Town Hall to a new building at the junction of Civic Drive and Elm Street. 
Last June work started to demolish this landmark building and the site is now being converted to a temporary surface car park.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24