COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 08 December 2020 | Lot 34

5, 5A & 5B Norwich Road, Ipswich, Suffolk, IP1 2ET

*Guide | £180,000 - £200,000 (plus fees)

  • Mixed Use
  • 3 Bedrooms
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Tue 08/12/2020

Auction Time

11:00

Auction Venue

Livestream Auction

A mixed use investment with a high rental yield.

To the west of Ipswich town centre along a busy parade is this mixed use premises comprising ground floor offices with a basement along with a refurbished duplex flat above. The ground floor comprises 5 & 5a and along with the basement are let to a recruitment company on a 5 year lease from August 2016 at a current rent of £10,250 per annum. Independent access from the street leads to 5b which is a particularly spacious duplex flat with refurbished accommodation including a 24{squote} living/dining room, a fitted kitchen, 3 bedrooms and a courtyard garden to the rear. The potential rental yield has been assessed at £650 per calendar month which would provide an overall annual return of just over £18,000. An appealing dual income stream investment which is sure to stimulate strong interest.

Tenure

Freehold

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

Barker Gotelee, 41 Barrack Square, Martlesham Heath, Ipswich, IP5 3RF, Ref: Luke Cain, Tel: 01473 350578

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 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.