Next Auction
11
Lot 12
12a

59 Felixstowe Road, Ipswich, Suffolk, IP3 8DY

Guide price POSTPONED*
Freehold mixed-use investment... Prominent east Ipswich location

Property Details

Description

This unique, mixed-stock investment is located on the eastern side of Ipswich. It provides easy access to local shops, bus services, Ipswich wet docks, the university, and the major road network. On the ground floor of the main building, there is a vacant self-contained shop/office unit, while above is a large one-bedroom flat accessed from the rear. Further, on the ground floor, the property enjoys three independently metered units of varying standards and construction and two shared WC facilities. One of the buildings to the rear would be ideal for storage; the second has recently been let as a studio (now vacant), and the third is let to a musician on a rolling lease at £50pw. This Lot offers a potential conservative yield in the region of £16,500 pa. or an opportunity for redevelopment (STP.)

Key Features

  • MIXED USE STOCK
  • EAST IPSWICH
  • RARELY AVAILABLE
  • DEVELOPMENT POT. (STP)
  • HIGH YIELD POTENTIAL
  • 1-BED F/F FLAT
  • FULL PLANS ONLINE
Tenure

Freehold

EPC

TBC

Viewing

Thu 16 Feb 12:00 - 13:00
Sat 18 Feb 11:00 - 12:00
Tue 21 Feb 15:00 - 16:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Kem Masinbo-Amobi
KMA Solicitors
25 St Margarets Street
Ipswich
IP4 2BN

Location

59 & 59a Felixstowe Road, Ipswich, Suffolk, IP3 8DY

*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.