Town centre development
240 Wherstead Road, Ipswich, Suffolk IP2
£800,000
30 July 2025
GUIDE PRICE
AUCTION DATE
An exceptional opportunity to acquire a prominently located office building in the heart of Ipswich, with full planning permission granted for conversion into 24 high-quality residential apartments. The approved scheme comprises a well-balanced mix of one and two-bedroom units, thoughtfully designed to meet modern living standards and appeal to both first-time buyers and investors. The development also benefits from on-site parking for all apartments, extensive outside space and lift access. A number of the units include ensuites and balconies, individual entrances and private gardens. Positioned within close proximity to Ipswichs town centre, transport links, and a host of local amenities, this site offers both convenience and strong future rental or resale potential. Freehold GDV £4.3m with RICS (Red book) market valuation available No section 106 contributions or CIL payments Full planning permission granted under IP/24/00004/FUL Circa 14000sqft of accommodation Existing concrete structure has undergone significant testing and has been deemed viable for retention and conversion, therefore offering a cost effective construction option whereby minimal groundworks and structural framework is required. The site includes mains drainage and services within very close proximity. Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Ipswich Borough Council Aquabridge Law (Felixstowe), Ref: Rebecca Gent, Tel: 01394 330 682 We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Buyer's Premium - £1800 inc VAT payable on exchange of contracts.
240 Wherstead Rd, IP2
Guide Price
£800,000
Auction Date
30 Jul 2025
Time
10:00
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.