A most attractive freehold investment comprising 3 flats producing a high yield

Situated in a prominent location on the west side of Ipswich is this substantial semi-detached house comprising a spacious 1 bedroom ground floor flat, a 1 bedroom duplex flat to the rear, a good size first floor studio flat (with alteration scope to form a 1 bedroom unit) together with a good size garden to the rear. Each of the flats are let on Assured Shorthold Tenancies at a combined rent of £1095 per calendar month (£13,140 per annum) but increase notices have been served which will see this rise to £1305 per calendar month (£15,660 per annum). The property benefits from double glazed windows (brand new to the front), being close to a parade of shops which provide for everyday needs and also offers good public transport links to the town centre from virtually right outside your front door. Offering close to an 8% return based on the lower end of the Guide Price, this Lot represents a first class multiple income stream investment opportunity.

Tenure

Freehold

Rent Schedule: Flat A - £300 pcm (notice served for increase to £435 pcm from 06/6/17) Flat B - £395 pcm (£435 from 16/6/17) Flat C - £400 pcm (£435 from 06/6/17

Viewing Note

Please be advised that the open viewing on Wednesday 17th May will give access as follows: Flat A from 1.15pm-2.00pm Flat B & C from 2.30pm-3.15pm

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating Flat A: TBC Flat B: TBC Flat C: 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

Gross & Co, 83/84 Guildhall Street, Bury St Edmunds, Suffolk IP33 1LN, Ref: Louise Godfrey, Tel: 01284 763333

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £720.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.