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Lot 9
10

Car parking at 785a Woodbridge Road, Ipswich, IP4 4NN

Sold for £61,000
6 x Freehold parking spaces... popular East Ipswich location

Property Details

Description

We are pleased to offer for sale by Auction this small, freehold piece of land currently used and let as 6 generous sized parking spaces. The site sits within the popular East side of Ipswich, and just a few minutes drive to the town centre. The site fronts Schrieber Road which offers limited off road parking for its occupants and as such, all of the spaces are fully let at a cost of £50 per calendar month.We understand they are held on monthly rolling licences. This Lot represents a positive yielding, safe investment that may also offer medium-term development potential.

Key Features

  • 6 X PARKING SPACES
  • HIGH DEMAND
  • FULLY LET
  • £3600 PA
  • EAST IPSWICH
  • MEDIUM TERM POTENTIAL
Tenure

Freehold

Viewing

No appointment required

Solicitors

Mr Thomas Penn
Smith & Co
Clarence House
21 St. Margarets Street
Ipswich
IP4 2BN

Tenancy

6 x Monthly licences

Current Yield.

£300 pcm / £3600 pa

Location

Car parking at 785a Woodbridge Road, Ipswich, IP4 4NN

*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.