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24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA
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Lot 17
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24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA

Guide price £225,000 - £250,000*
Freehold landmark building in Ipswich Centre... Grade II showing 10% yield
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  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 0
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 1
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 2
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 3
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 4
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 5
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 6
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 7
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 8
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 9
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 10
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 11
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 12
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 13
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 14
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 15
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 16
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 17
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 18
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 0
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 20
  • 24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA lot image - 21
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Property Details

Description

Presenting a captivating landmark building steeped in history, this Grade II listed gem exudes timeless charm. Rich in period features both inside and out, its allure is unmistakable. Meticulously maintained, its beauty shines through upon inspection. Nestled in the town centre, it offers a prime location for a strong investment. With multiple income streams, including two one-bedroom flats currently let on ASTs and ground floor and first-floor offices under lease, it ensures stability and potential. Don’t miss this opportunity to own a piece of history while securing a robust investment in a coveted location.

Key Features

  • LANDMARK BUILDING
  • GRADE II LISTED
  • PERIOD FEATURES
  • TOWN CENTRE LOCATION
  • MULTIPLE INCOME
  • STRONG INVESTMENT
  • WELL MAINTAINED
  • TIMELESS CHARM
Tenure

Freehold

Viewing

By appointment with the Auctioneers

Solicitors

Mrs Sian Taylor
Birkett Long LLP
1Amphora Place
Sheepen Road
Colchester
Essex
CO3 3WG

Tenancy

Offices - 10 Year lease from Feb 22
56 - AST June 2022 now periodic
2 - AST from Nov 23

Current Yield.

Offices - £11,970 pa
56 - £500 pcm / £6,000 pa
2 - £550 pcm / £6,600 pa
£24,570 pa

Location

24 St. Margarets Plain, 56 St. Margarets Street, & 2 Soane Street, Ipswich, Suffolk, IP4 2BA

*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.

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