Investment property in landmark building

An unusual opportunity to acquire the long leasehold interest in the commercial ground floor of a prominent landmark building in Ipswich town centre. A new 125-year lease will be granted from 2026. Electric House is situated in a highly visible position on Lloyds Avenue, adjacent to Sailmakers Shopping Centre, Crown Pools, and the town's main bus interchange. The building has undergone substantial redevelopment. The retail/office space has been occupied by Spicerhaart since 2012 and is currently let until 2030 at a rent of £28,350 per annum. The property features an impressive glazed frontage with offices behind, offering an attractive investment opportunity with strong future occupational appeal and potential for a variety of alternative uses, subject to planning permission.