Postponed | Lot 32

Flat 5, 14-20 Fore Street, Ipswich, Suffolk, IP4 1JU

Postponed

  • Flat
  • 1 Bedroom
  • Tenure: Leasehold

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 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.