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4
Lot 4
4

39 St. Nicholas Street, Ipswich, IP1 1TW

Sold for £135,000
Investment with potential... Ipswich's 'trendy' area

Property Details

Description

In one of the most fashionable locations between the up-and-coming Waterfront and town centre, this conservation area is noted for Ipswich’s most exclusive boutiques and restaurants.
The long-standing tenant, who has been in situ for many years, is keen to renew the current 3-year lease, due to expire in Spring 2017.
The property has scope for enhancement with huge potential, subject to planning, for a variety of uses from investment to owner-occupation.

Accommodation comprises: 2 rooms and cloakroom at ground level with 2 rooms and shower area above.

Please attend the scheduled Open Viewing – only one slot is available.

Key Features

  • TENANTED INVESTMENT
  • LONG-STANDING TENANT
  • TRENDY LOCATION
  • WATERFRONT & T/C
  • FASHIONABLE BOUTIQUES
  • POPULAR RESTAURANTS
  • HUGE POTENTIAL
  • FLOORPLAN ONLINE
Tenure

Freehold

EPC

D

Viewing

Sat 25 Feb 14:30 - 15:30

Solicitors

Mr Mark Lomas
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Tenancy

The property is let on a 3-year lease, which is due to expire in May 2017.

Current Yield.

£8,100 p.a.

Location

39 St. Nicholas Street, Ipswich, IP1 1TW

*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.