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Lot 14
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Flat 7, 2 Back Hamlet, Ipswich, IP3 8AJ

Sold for £82,000
11% yield at low Guide...tenanted investment, close Ipswich Waterfront...

Property Details

Description

Yielding an 11% return at low Guide, this tenanted 1 bedroom first 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.
The modern accommodation comprises of: entrance hall, bedroom, shower room and open plan lounge/kitchen space.An Ideal opportunity for investors, the apartment is the subject of a 6-month AST commanding a rental income of £595 pcm or £7,140 per annum.

This auction Lot represents an attractive investment for any residential portfolio and as such, we advise attendance at the scheduled Open Viewing.

Key Features

  • TENANTED INVESTMENT
  • 11%+ YIELD
  • IPSWICH WATERFRONT
  • CLOSE TO UNIVERSITY
  • 1 BEDROOM
  • OPEN PLAN LAYOUT
  • FITTED KITCHEN
  • IDEAL OPPORTUNITY
  • PHOTOS ONLINE
  • LEGAL PACK ONLINE
Tenure

Leasehold

EPC

B

Viewing

Sat 17 Feb 9:30 - 10:30

Solicitors

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

Current Yield.

£595 pcm / £7,140 pa

Location

Flat 7, 2 Back Hamlet, Ipswich, 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 £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.