Next Auction
11
Lot 12
13

Flat A & B, 49 Orford Road, Felixstowe, Suffolk, IP11 2ET

Guide price £150,000 - £175,000*
Freehold tenanted investment in Felixstowe... two 1-bed flats

Property Details

Description

This semi-detached freehold investment, converted into two self-contained one-bedroom flats, presents an enticing opportunity for investors. Conveniently located near the Port of Felixstowe, town center, seafront, and main roads, it caters to the high demand for small residential units in the area. Both flats are currently occupied by tenants under AST agreements and are well-cared for. Each unit features a fitted kitchen, lounge, bathroom, and bedroom, providing comfortable living spaces. Modern amenities such as gas central heating and double glazing enhance the appeal of both flats. Additionally, the shared garden, currently used for parking, adds value. With the potential for dual income, this property offers a practical and promising residential investment prospect.

Key Features

  • SEMI-DET INVESTMENT
  • TWO FLATS
  • CONVENIENT LOCATION
  • PORT OF FELIXSTOWE
  • OCCUPIED BY TENANTS
  • MODERN AMENITIES
  • SHARED GARDEN
  • DUAL INCOME
Tenure

Freehold

EPC

C-C

Viewing

Tue 7 May 18:30 - 19:30

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

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

Tenancy

Flat A - 12 Month AST April 24
Flat B - AST from May 2014 now periodic

Current Yield.

A - £595 pcm / £7140 pa
B - £545 pcm / £6,540 pa
£1,140 pcm / £13,680 pa

Download Legal Pack

Location

Flat A & B, 49 Orford Road, Felixstowe, Suffolk, IP11 2ET

*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.