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Flat 5, 14-20, Fore Street, Ipswich, IP4 1JU

Guide price: £45,000.00|Auction date: 2020-12-08|Lot: 32|Flat, Residential

PROPERTY DETAILS

ADDRESSFlat 5, 14-20 Fore Street, Ipswich, IP4 1JU
TYPEFlat, Residential
TENUREFor Sale Leasehold
TENANCYInvestment
POSTED ON20th November 2020

DESCRIPTION

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

A tenanted second floor flat with a good yield.

Situated on the fringe of the town centre is this second floor flat with an established tenant in situ.

The property offers an open plan living room/kitchen, a bedroom, bathroom and is currently let on an AST at a rent of £404.62 per calendar month.

With a yield representing over 10% of the lower Guide Price we believe this to be a solid investment opportunity.

Tenure

Leasehold

Lease Details

Term: 199 years from 1987
Ground Rent: £50 per annum
Service Charge: c. £1,500 per annum

Energy Efficiency Rating (EPC)

Current Rating G

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

Solicitors

Bates Wells & Braithwaite, 29 Lower Brook Street, Ipswich, IP4 1AQ, Ref: Andy Tawell, Tel: 01473 295512

Additional Fees

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 5, 14-20 Fore Street, Ipswich, IP4 1JU

Ipswich (0.7 miles)

Derby Road (1.0 miles)

Westerfield (1.9 miles)

AGENT'S DETAILS

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