Withdrawn | Lot 56

22 Upper Orwell Street, Ipswich, Suffolk IP4 1HW

Withdrawn

  • Shop
  • 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 freehold corner shop with self-contained upper parts

Situated on the eastern fringe of the town centre is this corner retail unit with upper parts separately accessed via a metal staircase to the rear. The property is configured over 3 floors extending overall to 68.6 sq m (738 sq ft) and is currently let on a full repairing lease at a rent of £10,000 per annum which expires on 1st December 2023. With a yield of over 8% based on the low Guide Price it's an investment not to be missed.

Tenure

Freehold

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

Solicitors

Singletons Austin Ryder, Ref: Ann Singleton, Tel: 020 8363 0101

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.