A prime commercial investment with established tenants and a strong rental yield.

Situated on the fringe of the town centre is this substantial commercial investment with established tenants in situ. The property overall extends to around 4,500 sq ft (418 sq m) and is occupied by a well regarded restaurant to the ground floor, a tattooist on the first floor and a motorcycle repair shop to the rear, there is also the right to use 5 parking spaces behind the building. The combined annual rental yield is £30,700 which is broken down as follows: Takayama Restaurant - 7 year lease from April 2017 @ £15,500 per annum. Daisy Art - 10 year lease from October 2012 @ £11,000 per annum. Cox Motorcycles - 3 year lease from December 2015 @ £4,200 per annum. With the annual income reflecting over 12% of the low Guide we believe this to be a solid investment opportunity.

Tenure

Freehold

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. Tel: 01473 432000

Solicitors

Hayward Moon, Connexions, 159 Princes Street, Ipswich, IP1 1QJ, Ref: Mark Hayward, Tel: 01473 234734

Additional Fees

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.