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Flat 4, Phoenix House, 120, Newmarket Road, Bury St. Edmunds, IP33 3TF

Guide price: £115,000.00|Auction date: 2020-12-08|Lot: 42|Flat, Residential

PROPERTY DETAILS

ADDRESSFlat 4, Phoenix House, 120 Newmarket Road, Bury St. Edmunds, IP33 3TF
TYPEFlat, Residential
TENUREFor Sale Leasehold
TENANCYInvestment
POSTED ON20th November 2020

DESCRIPTION

LIVE STREAM AUCTION ON TUE 08/12/2020 AT 11:00

First floor flat situated on the edge of the historic town of Bury St Edmunds currently producing £9,000/PA

This commercial building was converted into flats and is now one of four modern flats offering a great investment opportunity. This one bedroom flat is located on the first floor, has a 999 year lease which commenced in January 2018 and is offered with a third share of the freehold. Currently the flat is rented on an AST for 12 months and returning £750pcm.

The flat is in excellent order and provides a spacious open plan living area with one bedroom, bathroom and there is also a further room leading off the sitting room that could be utilised in many ways, possibly a great space for a study/dining room. There is allocated parking to the rear and a communal hall with personal intercom system.

Tenure

Leasehold. 999 years from January 2018

Accommodation

Communal hall, stairs to first floor. Open plan living room/kitchen, study/dining room, bedroom, bathroom.

Outside

To the rear of the flat there is allocated parking.

Energy Efficiency Rating (EPC)

Current Rating E

Services

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

Local Authority

Suffolk County Council

Solicitors

Burnett Barker, Collingwood House, 20 Whiting Street, Bury st Edmunds, IP33 1NX, Ref: Angela Dauney, Tel: 01284 701131

Additional Fees

Buyer's Premium - £800 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 inc VAT, payable on exchange of contracts.

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

Viewing Times
Please call Auction House East Anglia on 01473 558 888 to arrange a viewing

LOCATION

Location: Flat 4, Phoenix House, 120 Newmarket Road, Bury St. Edmunds, IP33 3TF

Bury St Edmunds (1.2 miles)

Thurston (5.3 miles)

Dullingham (7.9 miles)

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