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Lot 9
10

328C Spring Road, Ipswich, Suffolk, IP4 5NG

Sold for £52,000
Tenanted investment in East Ipswich... showing 14% yield return

Property Details

Description

This high-yielding investment boasts a remarkable potential return of nearly 14%, making it an attractive opportunity for savvy investors. With a reliable history of letting, the current tenant has occupied the property since 2010, now under a periodic tenancy agreement. Situated on the eastern side of Ipswich, it enjoys proximity to local amenities and bus services. The accommodation features a shared ground floor entrance hall leading to a private hall on the first floor, alongside a spacious studio room, fitted kitchen, and shower room. Don’t miss out on this lucrative investment opportunity—viewing is highly recommended.

Key Features

  • HIGH-YIELDING
  • 14% POTENTIAL RETURN
  • RELIABLE HISTORY
  • EASTERN IPSWICH
  • PROXIMITY TO AMENITIES
  • STUDIO ACCOM.
  • LONG-TERM TENANT
  • VIEWING RECOMMENDED
Tenure

Leasehold

EPC

TBC

Viewing

Tue 7 May 17:30 - 18:30

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Edward Thomson
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Tenancy

AST from 2010 now periodic

Current Yield.

£475 pcm / £5,700 pa

Download Legal Pack

Location

328C Spring Road, Ipswich, Suffolk, IP4 5NG

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.