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9
Lot 10
11

84 Richmond Road, Ipswich, IP1 4DP

Sold for £110,500
Investment property with established tenant... refurbishment potential

Property Details

Description

Situated on the western side of Ipswich close to local shops, facilities and bus services is this tenanted 2 bedroom terraced house. The accommodation comprises: lounge/diner, kitchen and on the first floor, there are 2 bedrooms and a bathroom. The property enjoys uPVC double glazing and a good size rear garden.
This investment is the subject of a Periodic Tenancy which has evolved
from an AST first granted in March 2007. We understand that the current tenant is very content with her home, however, it is clear that the property offers an opportunity for some refurbishment as and when it becomes vacant.

A very keenly priced opportunity that will generate strong interest, please attend the open viewing as no other inspections will be possible.

Key Features

  • INVESTMENT PROPERTY
  • ESTABLISHED TENANT
  • LOUNGE DINER
  • KEENLY PRICED
  • DOUBLE GLAZING
  • HIGH YIELD
  • 10% LOW GUIDE
Tenure

Freehold

EPC

D

Viewing

Sat 4 May 15:00 - 16:00

Solicitors

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

Tenancy

Periodic
Original AST from Mar 2007

Current Yield.

£625 pcm / £7500 pa

Location

84 Richmond Road, Ipswich, IP1 4DP

*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.