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10
Lot 11
12

Land to the rear of 91, 93, 95 and 97 Burrell Road, Ipswich, IP2 8AD

Guide price Sold Prior*
Exclusive option to the buyer of Lot 10...

Property Details

Description

With existing vehicular access running under 97 Burrell Road, the site offered is currently laid out to accommodate up to 18 car parking spaces.
We understand that the current owner has not dedicated any time in optimising the income from this site and as such, only 5 monthly licences are in place each yielding £35 pcm.
The close proximity to the railway station would suggest that strong demand for contract parking exists with the potential yield from 18 spaces being over £7,500 pa.

NOTE: This Lot is ONLY AVAILABLE to the buyer of Lot 10 and if not exercised will NOT be offered in the open room.

Key Features

  • UP TO 18 CAR SPACES
  • CONVENIENT LOCATION
  • CLOSE RAIL STATION
  • WALK TO IPSWICH T/C
  • 5 x LICENCES IN PLACE
  • YIELDING £2,100 PA
  • POTENTIAL TO MAXIMISE
  • COULD YIELD 25% PA
  • PARKING IN DEMAND
  • OPTION WITH LOT 10
Tenure

Freehold

EPC

N/A

Viewing

TBC

Solicitors

Mrs Jennifer Carter
Haywards Solicitors
7-9 Tavern Street
Stowmarket
IP14 1PJ

Tenancy

5 x Monthly Licenses

Current Yield.

£2,100 pa

Potential Yield.

£7,560 pa / 25% at low Guide

Location

Land to the rear of 91, 93, 95 and 97 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 £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.