11 bedroom block of apartments
Key information
Features and description
- Prime Freehold investment
- 5 tenanted flats comprising 4 two bedroom and 1 three bedroom
- Currently producing £49,500 pa with scope to enhance income
- Popular east Ipswich location
- Guide price: £650,000
- For sale by online livestream auction
- Unless previously sold or withdrawn prior
- 11:00am - Thursday, 08 May 2025
FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, THURSDAY, 08 MAY 2025
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A prime Freehold investment comprising 5 tenanted flats
Situated in the desirable IP4 area to the east of the town centre is this detached c.2010 built residential property comprising 4 two bedroom and 1 three bedroom flats with open plan living space, en-suite facilities and parking to the rear.
The property is traditionally built with block and brick, concrete floors throughout and a concrete staircase. It was built by Barnes Construction who are one of the leading contractors in East Anglia. Each flat is let on an Assured Shorthold Tenancy currently producing a combined annual income of £49,500, however with one or two of the units let at below current market levels there's certainly scope for enhancement.
This is without doubt one of the safest investments we've had the privilege of offering recently and would grace any rental portfolio.
Council Tax Bands Nos 235 - 241 = B, No. 243 = C
Tenure: Freehold
EPC Rating: B
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1440 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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Floorplan