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Lot 16
17

8 King Street, Felixstowe, Suffolk, IP11 9DX

Sold for £140,000
Tenanted investment... 2 bedroom single-bay terraced

Property Details

Description

Lying in an area of Felixstowe known as Walton is this large, single-bay mid terrace property. The accommodation comprises; entrance hall, lounge, dining room, kitchen with utility area off and 2 bedrooms and a large bathroom on the first floor. The established tenant originally entered into an AST, which has now reverted into a periodic tenancy. Benefits include Gas central heating, uPVC double glazing and an enclosed rear garden that backs directly onto Crown Street. Many of the neighbouring properties have created vehicular access. This Lot has been priced for the auction market at a level that is considerably below vacant value.

Key Features

  • 2 BEDROOMS
  • TENANTED INVESTMENT
  • FELIXSTOWE
  • POTENTIAL PARKING (STP)
  • UPVC D/G
  • GAS C/H
  • FLOORPLAN ONLINE
  • VIDEO TOUR ONLINE
Tenure

Freehold

EPC

D

Viewing

Sat 24 Apr 13:30 - 14:30
(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Ms Clare Best
Ashtons Legal
Chequers House
77-81 Newmarket Road
Cambridge
CB5 8EU

Tenancy

AST from 10/2019
Now periodic

Current Yield.

£710 pcm / £8,520 pa

Location

8 King Street, Felixstowe, Suffolk, IP11 9DX

*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.