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Lot 9
10

14 & 14B St Helens Street, Ipswich, Suffolk, IP4 1HJ

Sold for £154,000
Town Centre mixed use stock... 1-bed flat and retail showing strong return

Property Details

Description

This freehold mixed-use property, situated just outside the town centre, presents a compelling investment opportunity. The property comprises a ground-floor retail unit, currently leased to a convenience store under a Full Repair and Insure (FRI) lease, and a self contained 1-bedroom flat spanning the 1st and 2nd floors. Fully let, the property generates an annual yield of £12,900. Ideal for investors seeking a diversified income stream, this property benefits from both commercial and residential tenancies. Its prime location near the town centre enhances its appeal, making it a secure investment choice in a sought-after area. This freehold asset ensures a stable and potentially lucrative addition to any investment portfolio.

Key Features

  • FREEHOLD MIXED-USE
  • IPSWICH TOWN CENTRE
  • GROUND-FLOOR RETAIL
  • FRI LEASE
  • 1-BEDROOM FLAT ABOVE
  • £12,900 PA
  • SOLID INVESTMENT
Tenure

Freehold

EPC

D

Viewing

Sat 14 Sept 12:00 - 13:00
(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Kaylee Welton
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Tenancy

14B - 12 month AST from June 24
14 - 10 year FRI lease from 2020

Current Yield.

14B - £600 pcm / £7,200 pa
14 - £475 pcm / £5,700 pa

£1,075 pcm / £12,900 pa

Location

14 & 14B St Helens Street, Ipswich, Suffolk, IP4 1HJ

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.