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Lot 7
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47 & 47a Wherstead Road, Ipswich, IP2 8JJ

Guide price Sold Prior*
South of Ipswich town centre... high-yielding mixed stock investment

Property Details

Description

Situated in the popular South side of Ipswich 1.5 miles from the town, this recently built mixed use tenanted investment shows a high rate of return.
Consisting of a ground floor shop and 1st floor 2 bed flat, reliable tenants have kept the properties in good condition.
The current ground floor is used as an established and successful Nail Bar, whilst the clean and tidy flat above spans over an archway to provide an unusual configuration with 2 bedrooms, lounge/diner, modern kitchen and bathroom with central heating (n/t). This Lot also benefits from 2 parking spaces.

An established low-maintenance investment yielding an excellent return.

Key Features

  • MIXED INVESTMENT
  • RESIDENTIAL & COMMERCIAL
  • YIELD £9,650 PA
  • FLOORPLAN ONLINE
  • 2 x PARKING SPACES
  • VIEWING RECOMMENDED
Tenure

Freehold

EPC

47: TBC, 47a: D

Viewing

Sat 6 May 11:15 - 12:15

Solicitors

Mr Robert Jackson
Gudgeons Prentice Solicitors
Buttermarket
Stowmarket
IP14 1ED

Tenancy

Ground floor: 12-month lease from 11/16
Flat: 6-month AST from 07/16

Current Yield.

Ground floor: £3,650 pa
First floor: £6,000 pa
Gross yield: £9,650 pa

Location

47 & 47a 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.