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Lot 7
8

558 Felixstowe Road, Ipswich, IP3 8SY

Guide price Sold Prior*
Exceptionally high-yielding investment... major arterial Ipswich location

Property Details

Description

With established Commercial / Residential usage, this investment opportunity has had the benefit of a long-standing tenant, who has been in occupation since 2008 now held on a rolling agreement. Located on a major arterial route close to a host of major retailers there is also quick access onto the A14 via Nacton Interchange.The detached brick-built building has a sales office, store and WC at ground level. A separate front door provides access to a 1 bed first floor flat with modern kitchen and bathroom. The flat is not part of the tenancy and is being offered with vacant possession upon completion. This is a profitable high-yielding investment and should be considered for its long-term potential.

Key Features

  • COMMERCIAL OPP.
  • FIRST FLOOR RESI.
  • HIGH PROFILE & VISIBILITY
  • REDEVELOPMENT AREA
  • EASY A14 ACCESS
  • LONG-STANDING TENANT
  • POTENTIAL YIELD OF 13%
  • RESI. POTENTIAL (STP)
  • ALTERNATIVE USES (STP)
Tenure

Freehold

EPC

G

Viewing

By appointment with the Auctioneer

Solicitors

Mr Paul Harvey
Jackamans Solicitors
Oak House
7 Northgate Street
Ipswich
IP1 3BX

Potential Yield.

Current Commercial: £1385 pcm / £16,620 pa
Potential Flat: £5,500 - £6,000 pa (figures provided by Belvoir)
Potential Total Income = circa £22,620 pa

Location

558 Felixstowe Road, Ipswich, IP3 8SY

*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.