Next Auction
10
Lot 11
11a

Flat 7, 2 Back Hamlet, Ipswich, Suffolk, IP3 8AJ

Guide price £60,000 - £80,000*
13% yield at low Guide...tenanted investment, close Ipswich Waterfront

Property Details

Description

Yielding an 13% 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 £650 pcm/£7,800 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

  • 13%+ YIELD
  • IPSWICH WATERFRONT
  • CLOSE TO UNIVERSITY
  • 1 BEDROOM
  • FIRST FLOOR
  • FLOORPLANS ONLINE
  • VIDEO TOUR ONLINE
Tenure

Leasehold

EPC

B

Viewing

Sat 10 Jul 14:00 - 15:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Jane Riley
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Tenancy

AST from 2019

Current Yield.

£650 pcm / £7,800 pa

Download Legal Pack

Location

Flat 7, 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.