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IP-Properties in Felixstowe has closed just a year after the estate agency business was launched.
The owner of the compamy has decided to close the Suffolk branch because the business was not proving profitable.
Jamie Curran, who owns IP-Properties, told the press that he had closed the IP11 estate agents in High Road East in Felixstowe so he could put all his attention into the IP12 business he runs in Woodbridge and Woodcock & Son estate agents in Ipswich, which his firm also owns.
Curran added that it would in theory still be possible to market properties in Felixstowe through his other businesses, although the success rate behind this business strategy is likely to be limited.
Curran said: “I sold quite a few million pounds worth of homes in Felixstowe, but it got to the point where we were not doing as much business as we had hoped.
“I was spending thousands on Felixstowe when I could deal with Felixstowe from IP12 and Woodcock & Son.”
Curran added his staff at the Felixstowe branch would be moving to IP12 in Church Street, Woodbridge, including branch manager Amelia Garnham.
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