Next Auction
9
Lot 10
11

21A Grimwade Street, Ipswich, IP4 1LS

Guide price £80,000 - £100,000*
Unusual freehold investment... opportunity for a creative solution

Property Details

Description

Being triangular in shape this end of terrace property offers a wealth of opportunities for an imaginative, lateral thinking property entrepreneur.
In recent years it has been let as a quirky art gallery on the ground floor with independent self contained living accommodation on the first.
As indicated there may be an opportunity to combine both areas into one space or alternatively a higher yield may be possible through letting as two units. Please note any redevelopment would be subject to planning permission. Interested buyers may like to note that there is also a cellar and attic room. Floorplans are available online.

Key Features

  • UNUSUAL FREEHOLD
  • END-OF-TERRACE
  • CLOSE TO UNIVERSITY
  • REDEVELOPMENT POT.
  • FORMER SHOP
  • POTENTIAL DUEL INCOME
  • CURRENTLY MIXED USE
  • PRICED TO SELL
  • FLOORPLAN ONLINE
Tenure

Freehold

EPC

TBC

Viewing

Thu 19 Sept 10:00 - 11:00
Sat 21 Sept 12:15 - 13:15
Mon 23 Sept 15:30 - 16:30

Solicitors

Ms Becky Grimsey
Jackamans Solicitors
Oak House
7 Northgate Street
Ipswich
IP1 3BX

Location

21A Grimwade Street, Ipswich, IP4 1LS

*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.