Next Auction
6
Lot 7
8

14 Fonnereau Road, Ipswich, Suffolk, IP1 3JP

Sold for £15,500
Reversionary freehold interest... 5X flats and car park area

Property Details

Description

The Freehold of this stunning period property is offered as a solid yielding investment with potential.
There are five self-contained flats (14a to 14e) within the building, all of which have been sold on long leaseholds. The ground rents are £100pa per flat. Three flats have 99 year leases from 2002 and two flats have extended their leases to 189 years, one from 2002 and the second from 2003. We understand that each flat enjoys parking to the rear.



The seller’s solicitors have advised that the relevant ‘Right of First Refusal’ notices have been served on the long leaseholders; full details are contained within the legal pack.

Key Features

  • FREEHOLD INTEREST
  • ROFR NOTICES SATISFIED
  • CLOSE C.CHURCH PARK
  • CAR PARK AREA
  • 5X FLATS
Tenure

Freehold

EPC

N/A

Viewing

No viewing available

Solicitors

Mr Mark Hayward
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Current Yield.

£500 pa

Download Legal Pack

Location

14 Fonnereau Road, Ipswich, Suffolk, IP1 3JP

*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 £900 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.