Call the team on 01473 558 888 for more information
A well maintained tenanted first floor flat with parking and producing a strong yield
Situated on the western outskirts of the town centre is this well proportioned first floor flat with its own allocated parking space. The spacious 2 bedroom accommodation has been well looked after and benefits from double glazing and gas central heating. The property is let on an Assured Shorthold Tenancy at a rent of £605 per calendar month (£7,260 pa) with the current tenant in occupancy since March 2015. There will be opportunity to increase the yield by up to 10% on the 12 month anniversary in October 2018. In our opinion this is an excellent opportunity for the first time investor or as an addition to an existing portfolio. Lease – 999 years from 2011 Ground Rent - £95 per annum Maintenance Charge – 25% of repairs and app. £110 per annum insurance.
Tenure
Leasehold. 999 years from 2011
Viewing
Open days
Energy Efficiency Rating (EPC)
Current Rating C
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, Chestnut Court, Wingfield Street, Ipswich IP4 1AR, Ref: Mark Lomas, Tel: 01473 927510
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 - £600 (£500+VAT) payable on signing the contracts
Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.