Next Auction
10
Lot 11
12

Flat 13, 2 Back Hamlet, Ipswich, Suffolk, IP3 8AJ

Sold for £78,000
12% yield at low Guide...tenanted investment, close Ipswich Waterfront

Property Details

Description

Yielding 12%+ return at low Guide, this tenanted two bedroom second floor flat is a stone’s throw from the University of Suffolk and Ipswich’s vibrant Waterfront with its contemporary bars, restaurants and dockside lifestyle in the popular conversion of Grimwade Memorial Hall. The modern accommodation comprises of: entrance hall, two bedrooms, shower room, kitchen and separate living room with feature windows. An ideal opportunity for investors, the apartment is the subject of a 6- month AST commanding a rental income of £600 pcm/£7,200 per annum. This auction Lot represents an attractive investment for any residential portfolio, and as such, we advise booking an appointment to view.

Key Features

  • TENANTED INVESTMENT
  • 12% YIELD
  • IPSWICH WATERFRONT
  • CLOSE TO UNIVERSITY
  • 2 BEDROOM
  • IDEAL OPPORTUNITY
  • VIDEO TOUR ONLINE
  • LEGAL PACK ONLINE
Tenure

Freehold

EPC

C

Viewing

Sat 30 Apr 11:00 - 12:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Heidi Vanlangenaeker
Pretty Solicitors LLP
6th Floor
St. Vincent House
1 Cutler Street
Ipswich
IP1 1UQ

Tenancy

AST from 2021

Current Yield.

£600 pcm / £7,200 pa

Download Legal Pack

Location

Flat 13, 2 Back Hamlet, Ipswich, Suffolk, IP3 8AJ

*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.