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Lot 5
6

1 Clarkson Street, Ipswich, IP1 2JB

Sold for £2,600
Freehold investment... west Ipswich town centre

Property Details

Description

We are instructed to offer for sale the reversionary freehold interest in this substantial 4 story semi detached property which is located on the western side of Ipswich town centre.
The property comprises of 4 self-contained residential flats, which have all been sold off on long (199 year) leases from 1985 at a current ground rent of £50pa. We understand from the vendor that the garden and parking remain under the control and ownership of the freeholder.

The leaseholders have all been offered, and declined, the ‘right of first refusal’, and we are therefore able to offer the property on the open market.

Key Features

  • FREEHOLD INVESTMENT
  • 4 SELF CONTAINED FLATS
  • 10% YIELD
  • CLOSE TOWN CENTRE
EPC

N/A

Viewing

No viewings provided

Solicitors

Mr Andy Tawell
Bates Wells & Braithwaite
29 Lower Brook Street
Ipswich
IP4 1AQ

Location

1 Clarkson Street, Ipswich, IP1 2JB

*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 £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.