A well presented ground floor studio flat producing a strong rental income

Situated at the end of a cul de sac in a popular residential area is this particularly well-presented ground floor studio flat. Trimley St Martin is located some 3 miles from the coastal town of Felixstowe with the county town of Ipswich just 10 miles distant along the A14. The property benefits from double glazing, a refitted kitchen and bathroom and is currently let on a rolling Assured Shorthold Tenancy at a rent of £425 per calendar month (£5100 per annum). With a rental income equating to over 11% of the low Guide Price we believe this to be a first-class investment opportunity. Lease – 120 years from 1981 Ground Rent - £47.80 per annum Service Charge – App. £12 per annum only (communal area electricity) Buildings Insurance Contribution - £227.95 per annum.

Tenure

Leasehold. Periodic tenancy

Viewing

Open days

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

Suffolk Coastal District Council. Tel: 01394 383789

Solicitors

Hayward Moon, Connexions, 159 Princes Street, Ipswich IP1 1QJ, Ref: Mark Lomas, Tel: 01473 927510

Additional Fees

Buyer's Premium - £600 inc VAT (£500 + VAT), payable on exchange of 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.