Industrial development for sale
Property description & features
- Tenure: Freehold
- Prime Town Centre Location
- Fully Let Investment with Retail Let from January 2024 For 10 Years
- Two Recently Converted 1 Bedroom Flats Let on 6 Months AST's for £775 pcm each
- Total Property Rental Income Of £34,600 per annum
- Gross Yield reflecting 8.75%
The first and second floors comprise self contained 1-bedroom apartments, accessed via the rear of the property, let to private individuals on 6 month AST's at a rent of £775 pcm each.
The total rental income for the property is £34,600 per annum and the asking price equates to a Gross Initial Yield of 8.75%.
Viewings to be arranged through Hazells Chartered Surveyors on[use Contact Agent Button].
The property is situated in Ipswich Town Centre on the Buttermarket, close to its junction with Upper Brook Street. Neighbouring retail occupiers include The Works, Caffe Nero, The Tooth Club and Oxfam.
The flats and bin/cycle stores are accessed at the rear of the property via a walkway from St Lawrence Street.
Ipswich is the county town of Suffolk with a population of circa 130,000. The town is situated approximately 80 miles north east of London, 43 miles south of Norwich and 18 miles north east of Colchester.
The property is available freehold subject to the occupation tenancies in place.
VAT is applicable on the purchase price. The vendor would consider a sale via a Transfer of Going Concern meaning that no VAT would be payable.
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Broadband availability and predicted speed: obtained from Ofcom on July 15, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 15, 2022
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Energy Performance data and Internal floor area
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