For Sale By Auction | 14:00, 05 December 2019 | Lot 35

Unit 2, Brookhouse Business Park, Brunel Road, Hadleigh Road Industrial Estate, Ipswich, Suffolk, IP2 0EF

*Guide | £65,000 - £85,000 (plus fees)

  • Light Industrial
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Thu 05/12/2019

Auction Time

14:00

Auction Venue

The Wolsey Room Holiday Inn, London Road, Ipswich, IP2 0UA

A freehold commercial investment with established tenant

Situated on the western outskirts of Ipswich is this small industrial unit set within a private section of the estate. The property extends to around 52 sq/m (560 sq/ft) on the ground floor together with 480 sq/ft of mezzanine storage (limited head height). The current tenant, who's business was established in 1998, has been in situ for some 7 years and will have a new 5 year fully repairing and insuring lease with a 3 year tenant only break clause from 1st December 2019 at a rent of £5,000 per annum. With an annual yield of over 7.5% at the low Guide we believe this to be a solid investment and a worthy addition to any portfolio.

Tenure

Freehold

Viewing

Please call the Auctioneer – 01473 558 888.

Energy Efficiency Rating (EPC)

Current Rating D

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

Solicitors

Attwells Solicitors LLP, Sun Buildings, 35-37 Princes Street, Ipswich, IP1 1PU, Ref: Tanya Warnes, Tel: 01473 229857

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.