A ground floor studio flat with a strong rental yield

Situated at the end of a cul de sac on the outskirts of this highly desirable riverside town is this ground floor studio apartment with an allocated parking space. Woodbridge is located some 9 miles to the north east of Ipswich and offers a good range of amenities as well as being the gateway to the Suffolk Heritage Coast. The property would benefit from some improvement but has been let on an AST to the same tenant for the last 3 years and generates an income of £400 per calendar month (£4,800 per annum). With an annual yield of over 10% in relation to the low Guide Price we see this as a first class investment opportunity.

Tenure

Leasehold

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

Suffolk Coastal District Council

Solicitors

Marshall Hatchick, 37 High Street, Aldeburgh, IP15 5AU, Ref: James Robbins, Tel: 01728 453595

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.