A well-proportioned ground floor flat with parking close to the town centre

On the western fringe of the town centre is this modernised ground floor flat along with the considerable benefit of an allocated parking space. The 2 bedroom accommodation offers double glazing, gas central heating, a small enclosed courtyard to the rear and is currently let on an Assured Shorthold Tenancy. The existing tenant has been in situ since February 2011 with the current rent being £550 per calendar month (£6,600 per annum), the opportunity to increase by up to 10% presents itself every 12 months with the next being in October 2018. With a gross yield exceeding 8% of the low Guide Price we believe this to be a solid investment which would compliment any portfolio. Lease – 999 years from 2011 Ground Rent - £75 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

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.