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Flat 3, 18, Granville Street, Ipswich, IP1 2JE

A well maintained tenanted first floor flat with parking and producing a strong yield
Location: Flat 3, 18 Granville Street, Ipswich, IP1 2JE
Property type: Flat, Residential
Tenure type: For Sale Leasehold
Tenancy type: Investment
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Situated on the western outskirts of the town centre is this well proportioned first floor flat with its own allocated parking space.

The spacious 2 bedroom accommodation has been well looked after and benefits from double glazing and gas central heating.

The property is let on an Assured Shorthold Tenancy at a rent of £605 per calendar month (£7,260 pa) with the current tenant in occupancy since March 2015. There will be opportunity to increase the yield by up to 10% on the 12 month anniversary in October 2018.

In our opinion this is an excellent opportunity for the first time investor or as an addition to an existing portfolio.

Lease – 999 years from 2011
Ground Rent - £95 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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