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Flat 1, 18, Granville Street, Ipswich, IP1 2JE

A well-proportioned ground floor flat with parking and a long established tenant
Location: Flat 1, 18 Granville Street, Ipswich, IP1 2JE
Property type: Flat, Residential
Tenure type: For Sale Leasehold
Tenancy type: Investment
*UNSOLD, PLEASE REFER TO AUCTIONEER*

On the western fringe of the town centre is this modernised ground floor flat along with the considerable benefit of an allocated parking space.

The 2 bedroom accommodation offers double glazing, gas central heating, a small enclosed courtyard to the rear and is currently let on an Assured Shorthold Tenancy.

The existing tenant has been in situ since February 2011 with the current being £550 per calendar month (£6,600 per annum), the opportunity to increase by up to 10% presents itself every 12 months with the next being in October 2018.

We believe this to be a solid investment which would compliment any portfolio.

Lease – 999 years from 2011
Ground Rent - £105 per annum
Maintenance Charge – 25% of repairs and app. £110 per annum insurance.

Tenure
Leasehold. 999 years from 2011

Viewing
Open days

Energy Efficiency Rating (EPC)
Current Rating C

Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority
Ipswich Borough Council. Tel: 01473 432000

Solicitors
Hayward Moon, Chestnut Court, Winifred Street, Ipswich IP4 1AR, Ref: Mark Lomas, Tel: 01473 927510

Additional Fees
Buyer's Premium - £600 (£500+VAT) payable on signing the contracts

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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