For Sale By Auction | 11:00, 22 March 2023 | Lot 55

Parking Spaces and Land , on the North West of Spring Road, Oakstead Close, Ipswich, Suffolk IP4 4HJ

Sold £78,000

  • Parking
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Wed 22/03/2023

Auction Time

11:00

Auction Venue

Livestream Auction

A parcel of 29 parking spaces and a strip of land.

This interesting auction Lot comprises 29 parking spaces together with a strip of land situated off Spring Road to the east of the town centre which is within walking distance. 9 of the spaces are currently let on yearly licences and generate £3,725 per annum including an administration fee. Fully let the annual income could be around £12,000 and the site may also lend itself to electric vehicle charging stations (subject to any required consents). With more and more vehicles on the roads we believe this to be an excellent investment opportunity.

Tenure

Freehold

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

Hugh-Jones LLP, Ref: Eddie Dervish, Tel: 020 8346 2236

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.