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Lot 7
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51 Butter Market, Ipswich, Suffolk, IP1 1BJ

Guide price £350,000 plus*
Prime Town Centre mixed-use freehold... showing 10% yield at guide

Property Details

Description

This premium Freehold in the town centre, consisting of mixed-use stock, is an exceptional investment opportunity. It includes two recently refurbished 1-bedroom flats, both fitted with new kitchens, bathrooms and new electric heating. The ground floor commercial unit has also recently enjoyed refurbishment, and all three units are currently let. This property offers a 10% return on investment, with a current yield of £34,600 per annum. The commercial unit is secured on a 10-year lease, providing a stable and attractive income stream. Ideal for investors seeking a robust addition to their portfolio with both residential and commercial components.

Key Features

  • PRIME TOWN CENTRE
  • RECENTLY REFURBISHED
  • MIXED USE STOCK
  • FREEHOLD
  • 2X FLATS & RETAIL
  • 10% YIELD RETURN
  • £34,600 PA
  • RARELY AVAILABLE
Tenure

Freehold

EPC

B C C

Viewing

By appointment with the Auctioneers

Solicitors

Mrs Alima Bojang
Attwells Solicitors
Sun Buildings
35-37 Princes Street,
Ipswich,
IP1 1PU

Tenancy

Retail - 10 Year Lease from 2023
Flat 1 & 2 - AST

Current Yield.

Retail - £16,000 pa
Flat 1 - £775 pcm / £9,300 pa
Flat 2 - £775 pcm / £9,300 pa

£34,600 pa

Location

51 Butter Market, Ipswich, Suffolk, IP1 1BJ

*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.