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6
Lot 7
7a

328C Spring Road, Ipswich, Suffolk, IP4 5NG

Guide price £50,000 - £75,000*
Tenanted investment... 13.8% yield at low guide, in popular East Ipswich

Property Details

Description

Offering nearly 14% return at low guide, this very high-yielding investment presents as a highly desirable proposition for the discerning buyer. It further offers a solid history of letting, as the current tenant has been in occupancy since 2010. Originally tenanted on an AST basis, it has now reverted to a periodic tenancy. Located on the eastern side of Ipswich, close to all local facilities and bus services, the accommodation comprises a shared ground floor entrance hall giving access on the first floor to a private hall, good size studio room, a fitted kitchen and a shower room. Viewing is highly recommended.



Leasehold – 65 years remaining

Key Features

  • TENANTED INVESTMENT
  • HIGH YIELD
  • EAST IPSWICH
  • SAME TENANT 2010
  • STUDIO APARTMENT
  • CLOSE HOSPITAL
  • IDEAL BTL
Tenure

Leasehold

EPC

TBC

Viewing

Sat 8 July - 11:30 - 12:30

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Edward Thomson
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Tenancy

AST FROM 2010

Current Yield.

£575 PCM / £6900 PA

Download Legal Pack

Location

328C Spring Road, Ipswich, Suffolk, IP4 5NG

*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.