*Guide | £500,000 - £550,000 (plus fees)
- Mixed Use
- 3 Bedrooms
- Tenure: Freehold
Call the team on 01473 558 888 for more information
A substantial mixed use investment with a high annual yield
Situated on the fringe of the town centre is this Freehold Grade II Listed mixed use building extending to approximately 6,643 sq. ft. (617.15 sq. m.) The property comprises three self contained offices and three flats together with parking space for up to Eight cars. The property also has Planning Permission for conversion to fully residential incorporating seven flats which is a longer term consideration. A solid investment with an annual return of over 10% based on the lower end of the Guide Price and with immediate scope to enhance.
Tenure
Freehold
Lease Schedules
Unit 1 Angel Lane (ground floor office) - Let to Keystone Estate Agents at £12,500 per annum Unit 1 Angel Lane (first floor office) - Vacant, estimated rent of £12,500 per annum Unit 2 Angel Lane first floor office and Unit 3 Angel Lane (first and second floor offices) - Let to Adaptainer at a combined £13,200 per annum (new lease to be in place pre-completion) 3 Angel Lane (one bedroom flat) - Let at £10,140 per annum 2 Angel Lane (studio flat) - Let at £6,900 per annum 57A Fore Street (studio flat) - Let at £8,400 per annum TOTAL ANNUAL YIELD - £51,140
Council Tax Bands
57a Fore Street-A 2 Angel Lane- A 3 Angel Lane- A
Business Rates
All interested parties should contact Ipswich Borough Council on 01473 433851
Energy Efficiency Rating (EPC)
Current Rating 57a Fore Street (Flat)-C 2 Angel Lane (Flat)- C 3 Angel Lane (Flat)- D Unit 1 (Ground Floor Office)- C Unit 1 (First Floor Office)- B Unit 2 & 3 (Adaptainer) B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Solicitors
Ellisons Solicitors (Colchester), Ref: Toby Kramers, Tel: 01473 556912
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
Buyer's Premium - £1500 inc VAT payable on exchange of contracts.
Administration Charge - £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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
