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Lot 9
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Car Park rear of 12 to 18, St Helens Street, Ipswich, Suffolk, IP4 1HJ

Sold for £179,000
Freehold Car Park site in Ipswich Town Centre... let to NCP showing 10%+

Property Details

Description

This Freehold car park site, strategically located in a town centre off a main arterial road and opposite the popular Regent Theatre, presents a lucrative investment opportunity. Currently leased to NCP Car Parks, it offers a yield of £5,500 plus VAT per annum, translating to a 10% return. The site accommodates 13 parking spaces, making it an attractive proposition for investors seeking steady income with potential for growth in a prime location.

Key Features

  • FREEHOLD
  • 550 M2
  • OPPOSITE THEATRE
  • TOWN CENTRE LOCATION
  • CAR PARK
  • LET TO NCP CAR PARKS
  • £5,500 +VAT PA
  • 10%+ YIELD
Tenure

Freehold

EPC

N/A

Viewing

No appointment required

Solicitors

TBC

Tenancy

Let to NCP - Lease holding over

Current Yield.

£5,500 (+VAT) pa

Download Legal Pack

Location

Car Park rear of 12 to 18, St Helens Street, Ipswich, Suffolk, IP4 1HJ

*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 £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.