A Freehold mixed use investment with a strong annual yield

Situated on the fringe of the town centre is this mixed use investment generating a rental income of £21,600 per annum. The property extends to around 2,200 sq ft (204 sq m) and incorporates a popular restaurant, a small lock up store and a 3 bedroom flat over 2 floors. It is currently let as a whole on a 10 year lease from September 2022 and subject to 3 yearly rent reviews. The income relates to a near 10% annual return based on the low Guide Price and therefore represents a first class investment opportunity.

Tenure

Freehold

Ground Floor

Restaurant, kitchen, lock up/store and WC

First Floor

Two bedrooms, kitchen, shower room and living room

Second Floor

One bedroom

Council Tax Band

A

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

Ross Coates Solicitors (Kesgrave), Ref: Lucy Guerreiro, Tel: 01473 621800

Additional Fees

Buyer's Premium - £1140 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.