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3 PRICE REDUCED
Lot 4
5

Flat 306, 23 Franciscan Way, Ipswich, IP1 1NA

Sold for £41,000
High yielding investment... central Ipswich location

Property Details

Description

St Francis Tower is situated in Franciscan Way, central to Ipswich town and particularly convenient for local shops, leisure facilities and amenities including shopping centres. Ipswich Marina with its bars and restaurants is a short stroll as is the mainline station for access to London Liverpool Street. The property offered is located on the third floor and has recently been redecorated and enjoys brand new carpets and floor coverings. Typically these units let for £500 pcm, which would show a 20% gross yield. The accommodation comprises 1 bedroom, kitchen/living room and shower room making it an ideal rental property. Under the supervision of Block Management UK the building is currently being upgraded to comply with the latest regulations, full details within the Legal Pack.

Key Features

  • THIRD FLOOR
  • 1 BEDROOM FLAT
  • NEWLY REFURBISHED
  • IPSWICH T/C
  • CLOSE STATION
  • POT. HIGH YIELD
  • READY-TO-LET
  • VIDEO ENTRY SYSTEM
  • FLOORPLAN ONLINE
Tenure

Leasehold

EPC

D

Viewing

Thu 21 Feb 11:30 - 12:30
Sat 23 Feb 13:30 - 14:30
Tue 26 Feb 15:00 - 16:00

Solicitors

Mr Edward Thomson
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Location

Flat 306, 23 Franciscan Way, Ipswich, IP1 1NA

*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.