Next Auction
2
Lot 3
4

20A, 20B & 20C Gippeswyk Road, Ipswich, Suffolk, IP2 9AB

Sold for £220,000
Semi detached Freehold investment... 3 self contained flats with potential

Property Details

Description

Showing just under 10% yield at low guide this very substantial 3 storey semi detached property offers a solid investment in its current configuration. However, with a little imagination, the astute property professional will undoubtedly be looking to increase this return. Within the main building, the ground floor comprises Flat A which is a 1-2 bedroom flat with lounge, kitchen, bathroom and basement while the first and second floors form Flat B which offers 3 bedrooms, lounge, kitchen, bathroom and separate WC. Both of these flats have some uPVC double glazing and Gas c/h (n/t). Flat C is located to the rear of the main building with electric heating and a kitchen, lounge, 1 bedroom and large bathroom.

Viewing is a must to appreciate the potential.

Key Features

  • SOLID INVESTMENT OPP.
  • 3 X FLATS
  • MASSIVE POTENTIAL
  • SOME uPVC D/GLAZING
  • HEATING TO ALL FLATS
  • YIELD £16,980 PA
  • CLOSE RAIL STATION
  • FLOOR PLANS ONLINE
  • VIEWING 7 JULY
Tenure

Freehold

EPC

A - D, B - D, C - G

Viewing

Sat 7 Jul 13:30 - 14:30

Solicitors

Ms Jenny Dawson
Michael Smith & Co
21 St Margarets Green
Ipswich
IP4 2BN

Tenancy

20A - Periodic
20B - Periodic
20C - Periodic

Current Yield.

20A - £425pcm / £5,100pa
20B - £550pcm / £6,600pa
20C - £440pcm / £5,280pa

£1,415pcm / £16,980pa

Location

20A, 20B & 20C Gippeswyk Road, Ipswich, Suffolk, IP2 9AB

*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.