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Lot 8
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18 & 18A St. Helens Street, Ipswich, Suffolk, IP4 1HJ

Sold for £162,000
Town Centre mixed use stock... 3-bed flat and retail showing 12% return

Property Details

Description

This Freehold property, located just outside the town centre and featuring mixed-use stock, offers an attractive investment opportunity. It includes a ground-floor retail unit currently occupied by a hairdresser, and a 3-bedroom flat spread over the 1st and 2nd floors. The entire property is fully let at a yield of £11,900 pa, providing a solid 12% yield return at low guide. This setup is ideal for investors looking for a diversified income stream from both commercial and residential tenants in a prominent town centre location and the security of a solid freehold asset.

Key Features

  • FREEHOLD
  • MIXED USE STOCK
  • TOWN CENTRE
  • 3-BED FLAT & RETAIL
  • £11,900 PA
  • 12%+ RETURN
  • SOLID INVESTMENT
Tenure

Freehold

EPC

E & TBC

Viewing

By appointment with the Auctioneers

Solicitors

TBC

Tenancy

Retail - Lease until July 24
AST - from 2017 now periodic

Current Yield.

Retail - £6,200 pa
Flat - £475 pcm / £5,700 pa

£11,900 pa

Download Legal Pack

Location

18 & 18A St. Helens Street, Ipswich, Suffolk, IP4 1HJ

*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.