Overcast

Overcast

max temp: 12°C

min temp: 9°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

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.

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.

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

Innovators, investors and entrepreneurs from the East of England at the Venturefest East event at Newmarket Racecourse.

More than 800 innovators, investors and entrepreneurs gathered in Newmarket to showcase what the region’s technology sector has to offer.

Some of the current apprentices at Ransomes Jacobsen in Ipswich.

Turf maintenance equipment manufacturer Ransomes Jacobsen will be taking its apprentice recruitment drive to the Suffolk Show at the start of next month.

EDF Chief Executive Vincent de Rivaz appears before the Energy and Climate Change Committee to answer questions over the delay in making a final investment decision on the Hinkley Point nuclear power project. Picture: PA Wire

MPs have been promised the sister project of a proposed third nuclear power plant on the Suffolk coast will go ahead despite a fresh delay in making a final investment decision.

The new boss of Marks & Spencer has unveiled his strategy for reviving the fortunes of its fashion business.
Photo: Stefan Rousseau/PA Wire

Marks & Spencer’s new boss Steve Rowe today pledged to slash prices and put more staff in stores to turn around its beleaguered clothing arm – but warned profits will take a hit.

Steam Punk Pig - Birketts entry for Pigs Gone Wild

Staff at Ipswich-based law firm Birketts are welcoming a new member to the team ahead of the Pigs Gone Wild art trail - Steam Punk Pig.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24