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45 & 45a Wherstead Road, Ipswich, IP2 8JJ

Guide price Sold Prior*
High-yielding tenanted investment... popular South Ipswich location

Property Details

Description

Based in an established residential quarter of South Ipswich close to the A14 within easy reach of Ipswich railway station and local facilities.
The ground floor unit is currently used as a convenience store and the remainder of the building is served as a 2-storey Maisonette on the 1st and 2nd floors with its own entrance.
With electric heating (n/t), the Maisonette comprises: 2 bedrooms, lounge, study, modern fitted kitchen/diner and bathroom. A small enclosed yard area can be found at the rear of the shop.

Potential exists for further subdivision and enhancement, subject to relevant approval.

Key Features

  • SOLID INVESTMENT
  • FULLY LET
  • YIELDING £9,300 PA
  • SHOP & FLAT
  • 2 x TENANTS
  • ESTABLISHED AREA
  • FLOORPLAN ONLINE
  • PHOTOS ONLINE
Tenure

Freehold

EPC

45: F, 45a: TBC

Viewing

Sat 6 May 11:15 - 12:15

Solicitors

Mr Robert Jackson
Gudgeons Prentice Solicitors
Buttermarket
Stowmarket
IP14 1ED

Tenancy

Ground floor: 5 year lease from 2015
Maisonette: 6-month AST from 2015

Current Yield.

Ground floor: £4,500 pa
Maisonette: £4,800 pa
Gross yield: £9,300 pa

Location

45 & 45a Wherstead Road, Ipswich, IP2 8JJ

*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 £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.