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Lot 11
12

43 Norwich Road, Ipswich, Suffolk, IP1 2ET

Auction Date:  September 24, 2025
Sold for £178,000
Freehold, 2x flats and shop fully occupied... 12% Yield at guide

Property Details

Description

This fully tenanted freehold property occupies a prominent corner position within a popular secondary shopping parade. The ground floor comprises a retail unit with basement storage, currently producing £1,800 pqt. Above are two self-contained one-bedroom flats, each arranged with living room, kitchen, bathroom, and separate bedroom, both let at £450 pcm. All tenants are established and in situ, providing a stable income stream. The flats benefit from electric heating. Combined, the property produces a gross annual income of £18,000, equating to an attractive yield of around 12% at the guide price. This is a well-located, mixed-use investment opportunity offering immediate income and long-term potential in a strong letting and trading area.

Key Features

  • FREEHOLD INVESTMENT
  • MIXED USE PROPERTY
  • HIGH PROFILE CORNER
  • SECONDARY PARADE
  • SHOP £600 PCM
  • 2 FLATS £450 PCM EA
  • INCOME £18,000 PA
  • 12% YIELD AT GUIDE
Tenure

Freehold

EPC

D & E

Viewing

Sat 13 Sep - 10:45 - 11:45
(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Oliver Ray
Barker Gotelee
41 Barrack Square
Martlesham Heath
Ipswich
IP5 3RF

Tenancy

Shop - Holding over from FRI lease
A - AST from 2019 now periodic
B - AST from 2023 now periodic

Current Yield.

Shop - £1,800 pqt / £7,200 pa
A - £450 pcm / £5,400 pa
B - £450 pcm / £5,400 pa

Download Legal Pack

Location

43 Norwich Road, Ipswich, Suffolk, IP1 2ET

*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.