Modus Retail, Duke Street, Ipswich, IP3 8AF
Modus retail comprises 3 blocks of various size retail units of which 50% are let with the benefit of Tesco Express anchoring the scheme. The total area of the 10 shops equates to 1727 sq m (18,590 sq ft) and each unit has a car space. On street parking is also available in the lay by. The vacant units are in a “shell” format with all the main services available. Modus retail fronts Duke Street which is one of the busiest routes into the main town centre from the east side of Ipswich, On block C there is a restrictive covenant restricting the use of the 3 remaining shops to Class A1 only as per Use Classes Order 1987 including amendments in 2005 and 2006. The tenure of the property is long leasehold of 125 from 2007 with a peppercorn ground rent.