A prime Freehold investment comprising 5 tenanted flats

Situated in the desirable IP4 area to the east of the town centre is this detached c.2010 built residential property comprising 4 two bedroom and 1 three bedroom flats with open plan living space, en-suite facilities and parking to the rear. The property is traditionally built with block and brick, concrete floors throughout and a concrete staircase. It was built by Barnes Construction who are one of the leading contractors in East Anglia. Each flat is let on an Assured Shorthold Tenancy currently producing a combined annual income of £49,500, however with one or two of the units let at below current market levels there's certainly scope for enhancement. This is without doubt one of the safest investments we've had the privilege of offering recently and would grace any rental portfolio.

Tenure

Freehold

Council Tax Bands

Nos 235 - 241 = B, No. 243 = C

Energy Efficiency Rating (EPC)

Current Rating B

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

Ellisons Solicitors (Colchester), Ref: Marion Knocker, Tel: 01206 699407

Additional Fees

Buyer's Premium - £1440 inc VAT payable on exchange of contracts.

Administration Charge - £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.