Next Auction
1
Lot 2
3

35 – 37 Garrick Way, Ipswich, Suffolk, IP1 6NF

Auction Date:  May 6, 2026
Guide price £250,000 - £275,000*
Over 11% mixed use investment... dual income from established tenants

Property Details

Description

A well-presented mixed-use investment situated within an established parade on the north-western side of Ipswich. The ground floor comprises a commercial unit let to ‘Sapphire’, an established sun tanning and beauty treatment business, in occupation for approximately 15 years and recently committed to a new 10-year FRI lease at £15,000 per annum.
The upper floors provide a well-presented three/four-bedroom residential unit, let to a long standing tenant on a new AST at £1,100 pcm. The accommodation benefits from uPVC double glazing, gas C/H, an enclosed courtyard garden and garage. A secure investment combining long-term commercial income with quality residential accommodation in a consistently strong location.

Key Features

  • NORTH WEST IPSWICH
  • MIXED USE FREEHOLD
  • WELL MAINTAINED
  • SHOP & 3/4 BED FLAT
  • ESTABLISHED TENANTS
  • £15,000 PA COMMERCIAL
  • £13,200 PA RESIDENTIAL
  • STRONG INVESTMENT
Tenure

Freehold

EPC

C-C

Viewing

NEW DATE Sat 2 May - 11:00 - 12:00
And by appointment with the Auctioneers
(viewing slots MUST be pre-booked)

Solicitors

Mrs Kerry Fielding
Ellisons Solicitors
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Tenancy

10 year FRI lease - £15,000 pa
AST - £1,100 pcm / £13,200 pa

Current Yield.

£2,350 pcm / £28,200 pa

Download Legal Pack

Location

35 - 37 Garrick Way, Ipswich, Suffolk, IP1 6NF

*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.