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Lot 6
7

Flat 3, 19B Queen Street, Ipswich, Suffolk, IP1 1SW

Guide price £100,000 plus*
Tenanted investment... 3 bedrooms with long standing tenant

Property Details

Description

This three-bedroom second-floor flat has pedestrian access off Queen Street in the centre of Ipswich. The residential conversion was completed in 2016 when a new 199-year lease was granted. The flat features a large living room and kitchen/diner together with three small bedrooms, a bathroom, gas fired central heating and double glazing.
The existing tenant was the first occupier, initially entering into an AST with the vendor, although now having reverted to a periodic tenancy. With the current rent set at £725pcm, £8,700pa, this investment offers a solid yield in a high-demand area and provides a safe proposition for any discerning buy-to-let purchaser.

Key Features

  • TENANTED INVESTMENT
  • LARGE 3 BED APARTMENT
  • £725 PCM / £8,700 PA
  • SAME TENANT SINCE 16′
  • GAS C/H
  • CENTRAL IPSWICH
  • SECURE ACCESS
Tenure

Freehold

EPC

C

Viewing

Sat 29 Apr 12:30 - 13:30

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Andrew Jacobs
Andrew Jacobs Conveyancing
Unit L, Betts Avenue
Martlesham Heath Business Park
IP5 3RB

Tenancy

AST from 2016
now periodic

Current Yield.

£725 pcm / £8,700 pa

Location

Flat 3, 19B Queen Street, Ipswich, Suffolk, IP1 1SW

*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.