A freehold commercial investment with a strong yield on the fringe of the town centre

On the eastern edge of the town centre is this commercial investment comprising a tenanted retail unit with 2 flats above which have been sold on 999 year leases. The shop which comprises half of a double fronted convenience store, a cellar and WC has been let on a 10 year lease from 1st January 2019 at a current rent of £5,700 per annum and the flats produce £400 per annum from Ground Rent and insurance. With the annual gross income equating to over 10% of the low Guide Price we see this as a strong investment and a worthy addition to any portfolio. NOTE: Access to the WC and cellar has not been possible due to the partition wall to the rear of the retail area.

Tenure

Freehold

Energy Efficiency Rating (EPC)

Current Rating C,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. Tel: 01473 432000

Solicitors

Andrew Jacobs Conveyancing, 2 Betts Avenue, Martlesham, Ipswich, IP5 3RH, Ref: Andrew Jacobs, Tel: 01473 333323

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 £1140 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.