Next Auction
8
Lot 9
9a

Basement Flat, 1 Clarkson Street, Ipswich, IP1 2JB

Sold for £69,500
Tenanted investment, 11% yield... close Ipswich t/c, 1 bed basement flat

Property Details

Description

Located on the fringe of Ipswich town centre and within easy walking distance, is this self-contained basement flat with a good choice of convenience stores and local amenities on its doorstep.
The accommodation comprises of a large lounge/diner, inner hallway, fitted kitchen, double bedroom and separate bathroom together with a large utility cupboard.
This property is the subject of an Assured Shorthold Tenancy and is currently yielding 11% per annum at low guide.

Further details can be found online in the free, downloadable Legal Pack.

Key Features

  • YIELDING 11%
  • TENANTED INVESTMENT
  • CENTRAL IPSWICH
  • 1 BEDROOM
  • FLOORPLAN ONLINE
  • LARGE ACCOMMODATION
  • ELECTRIC HEATING (N/T)
  • CLOSE TO FACILITIES
Tenure

Leasehold

EPC

E

Viewing

Sat 25 Feb 11:00 - 12:00

Solicitors

Mr Andy Tawell
Bates Wells & Braithwaite
29 Lower Brook Street
Ipswich
IP4 1AQ

Tenancy

The property is currently let on a 6-month AST from 13 December 2016

Current Yield.

£4,920 p.a.

Location

Basement Flat, 1 Clarkson Street, Ipswich, IP1 2JB

*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.