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Lot 7
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11 Sun Lane, Woodbridge, Suffolk, IP12 1EG

Sold for £162,000
Rare tenanted investment, Woodbridge centre… 1 bedroom terraced cottage

Property Details

Description

This charming terraced cottage is situated adjacent to the centre of this highly desirable market/riverside town some 8 miles east of Ipswich. Woodbridge itself offers a host of amenities including boutique shopping, restaurants and leisure facilities, and good access to main road and rail services. The property has been well maintained by the current freeholder and is let to the same tenant who has been in situ for over 3 years at a rent of £495 PCM. Originally an AST the tenancy has rolled onto a periodic tenancy.

The accommodation comprises one bedroom and shower room on the first floor together with a fitted kitchen and sitting room on the ground floor; additionally, it enjoys gas fired central heating (n/t). A strong residential investment which also offers capital growth opportunity.

Key Features

  • ESTABLISHED TENANT
  • WOODBRIDGE CENTRE
  • 1-BED COTTAGE
  • GAS CH (N/T)
  • 1ST FLOOR SHOWER
  • COURTYARD GARDEN
  • VIDEO TOUR ONLINE
  • FLOORPLAN ONLINE
Tenure

Freehold

EPC

D

Viewing

Sat 20 Feb 14:00 - 15:00

Solicitors

Mr James Robbins
Marshall Hatchick Solicitors
The Old Bank House
Market Place
Saxmundham
IP17 1EL

Tenancy

AST now Periodic

Current Yield.

£495 pcm / £5,940 p.a.

Location

11 Sun Lane, Woodbridge, Suffolk, IP12 1EG

*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.