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Flats A, B, C, 81 Burrell Road, Ipswich, IP2 8AD

Sold for £162,000
3 x tenanted self-contained flats... high yield investment in Ipswich

Property Details

Description

Set back from the road, this 3 storey terraced property has in recent years been converted to form 3 independent self-contained flats and lies a stone’s throw from Ipswich railway station within walking distance of the town centre. Each flat features ample living and bedroom space, separate kitchens, modern bathroom/shower room facilities, gas central heating (n/t) and are mostly uPVC double glazed.To provide the existing tenants with security of tenure, all of whom have been in residence between 6 months and 2 1/2 years, brand new shorthold ASTs have been entered into ranging in duration from 6 to 12 months.

In our opinion, this is an excellent investment opportunity and we encourage viewings to fully consider the conversion and presentation of the properties.

Key Features

  • 12% YIELD
  • FREEHOLD INVESTMENT
  • 3 x FLATS
  • FLOORPLANS ONLINE
  • ALL SELF-CONTAINED
  • GAS C/H (N/T)
  • CLOSE TO STATION
  • GOOD TENANT HISTORY
Tenure

Freehold

EPC

D, D, D

Viewing

Sat 9 July 11:00 - 12:00
This is the only scheduled viewing as all flats are tenanted

Solicitors

Mr Andy Tawell
Bates Wells & Braithwaite
29 Lower Brook Street
Ipswich
IP4 1AQ

Current Yield.

FLAT A - £5,400 pa (12 mth AST)
FLAT B - £4,800 pa (6 mth AST)
FLAT C - £4,800 pa (6 mth AST)

TOTAL YIELD - £15,000 pa

Location

Flats A, B, C, 81 Burrell Road, Ipswich, IP2 8AD

*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.