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8 PRICE REDUCED
Lot 9
10

86 Spring Road, Ipswich, IP4 2RR

Guide price £130,000 - £150,000*
East Ipswich tenanted investment... demonstrating a healthy yield

Property Details

Description

We are delighted to offer this mid terraced investment property which is located in the well respected eastern quadrant of Ipswich, convenient for local shops, facilities and bus services both in and out of town. The accommodation comprises: a through lounge/diner, kitchen and bathroom on the ground floor with 3 bedrooms on the first floor. Benefits include uPVC double glazing and gas central heating (n/t). We understand that the property is currently let, initially on an AST from Nov 2015 with the same tenant holding over on a periodic basis at a current rent of £690pcm. The current tenant has indicated that he is keen to continue renting making it an ideal ‘yield on day one’ buy to let investment.

Key Features

  • 3 BEDROOM
  • EAST IPSWICH
  • ESTABLISHED TENANT
  • AST FROM NOV 2015
  • OVER 6% YIELD
  • CLOSE TOWN CENTRE
  • NEW BOILER
  • GAS C/H (NT)
  • uPVC DOUBLE GLAZING
Tenure

Freehold

EPC

D

Viewing

Sat 23 Feb 15:00 - 16:00

Solicitors

Mr Brian Smith
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Tenancy

AST from Nov 2015 now periodic

Current Yield.

£690 pcm / £8,280 pa

Location

86 Spring Road, Ipswich, IP4 2RR

*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.