A tenanted second floor flat with a good yield.
Situated on the fringe of the town centre is this second floor flat with an established tenant in situ. The property offers an open plan living room/kitchen, a bedroom, bathroom and is currently let on an AST at a rent of £404.62 per calendar month. With a yield representing over 10% of the lower Guide Price we believe this to be a solid investment opportunity.
Tenure
Leasehold
Lease Details
Term: 199 years from 1987 Ground Rent: £50 per annum Service Charge: c. £1,500 per annum
Energy Efficiency Rating (EPC)
Current Rating G
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
Bates Wells & Braithwaite, 29 Lower Brook Street, Ipswich, IP4 1AQ, Ref: Andy Tawell, Tel: 01473 295512
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.