A second (top) floor flat with an established tenant

On the southern edge of the town centre towards the Waterfront is this residential investment opportunity. The property offers one bedroom accommodation with an open plan living room/kitchen, a bathroom and is currently let on a rolling AST at a rent of £446.09 pcm (£5,353.08 pa) which is paid by the Local Authority. Priced particularly competitively, this is an opportunity not to be missed.

Tenure

Leasehold

Council Tax Band

A

Lease Details

Length of Lease: 199 years from 1987. 163 years remaining Annual ground rent amount:£50.00 Ground rent review period (year/month) Annual service charge amount: £3,353.00 Service charge review period (year/month)

VIEWING

Please note no internal viewings possible.

Energy Efficiency Rating (EPC)

Current Rating E

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 and Braithwaite (Ipswich), Ref: Tomasz Burchan, Tel: 01473 219282

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 £1200 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.