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Land to the rear of 52 High Street, Bildeston, Ipswich, IP7 7EA

Sold for £45,000
Garages and land... charming village location

Property Details

Description

This timber built garage and workshop is situated just off the main High Street in the village of Bildeston some 5 miles north of Hadleigh. The site measures roughly 21m in length and 17m in depth totalling 360m2 (sts) and has the benefit of unrestricted vehicular access to the main road.
The units are currently let as 3 separate storage units on yearly leases yielding £1580 pa. Being a useful space in its current form the land may also offer scope for some form of alternative uses and development, subject to planning.

A rare opportunity that will appeal to many.

Key Features

  • LAND AND WORKSHOP
  • RE-DEVELOPMENT (STP)
  • INVESTMENT WITH POT.
  • CENTRAL LOCATION
  • VEHICULAR ACCESS
  • LET AS 3 UNITS
  • YIELD £1580 PA
  • 360 m2 (STS)
Tenure

Freehold

EPC

N/A

Viewing

No appointment required

Solicitors

Mr Robert Jackson
Gudgeons Prentice Solicitors
Buttermarket
Stowmarket
IP14 1ED

Tenancy

12 Month Leases from:
12th Oct 2018 - £600 pa
16th Mar 2019 - £480 pa
4th July 2019 - £500 pa

Current Yield.

£1580 pa

Location

Land to the rear of 52 High Street, Bildeston, Ipswich, IP7 7EA

*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.