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Lot 6
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7 Fonnereau Road, Ipswich, Suffolk, IP1 3JR

Sold for £11,000
Reversionary freehold interest... ground rent for 4x flats

Property Details

Description

We are offering the Freehold reversionary interest in this four-storey townhouse located close to the centre of the county town of Ipswich. We understand from the vendors that the building comprises four flats, all being sold on long leaseholds of 99 years from 1 June 2006 with Ground Rents of £100 pa. each.The seller’s solicitors have advised that the relevant ‘Right of First Refusal’ notices have been served on the long leaseholders; full details are contained within the legal pack.

Key Features

  • FREEHOLD INTEREST
  • IPSWICH TOWN CENTRE
  • 4X FLATS
  • ROFR NOTICES SATISFIED
Tenure

Freehold

EPC

N/A

Viewing

No viewing available

Solicitors

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

Current Yield.

£400 pa

Download Legal Pack

Location

7 Fonnereau Road, Ipswich, Suffolk, IP1 3JR

*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.