A tenanted town centre basement studio flat producing a strong yield

Situated on the fringe of the town centre within walking distance of a wide range of amenities is this basement studio flat forming part of a 3 storey, end-terraced house. The property is in good order throughout and benefits from its own front door together with a communal parking area to the rear which is accessible by a motorcycle or small car. Let on a 12 month AST with a 6 month tenant only break clause from 1st September 2016, this excellent investment offers a 10% yield at the mid Guide Price and is sure to stimulate strong interest.

Tenure

Leasehold

Note

In addition to the administration charge the purchaser will be required to pay a buyer's premium of £900 (£750 + vat) which is payable upon signing the contracts

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Ipswich Borough Council. Tel: 01473 432000

Solicitors

Michael Smith & Co, Clarence House, 21 St Margaret's Green, Ipswich, Suffolk IP4 2BN, Ref: Emma Porter, Tel: 01473 226231

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.