Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 11

Freehold Investment – Shop & Basement plus 6 HMO Units - Gross Yield 13.6%
6 Week Completion

Situation

Located close to the junction with Foundation Street, in the heart of the town centre, amongst a variety of retailers, coffee shops and restaurants.
Ipswich is the county town of Suffolk and an important administrative commercial centre which lies on the A12 and A14 trunk roads some 75 miles north-east of London.

Property

A mid-terrace building comprising a Ground Floor Shop and Basement with separate front access to 6 HMO Units on the first and second floors.
3 of the HMO Units have their own Shower/WC and there is also a communal Kitchen and 2 communal Shower Rooms/WC.

VAT is NOT applicable to this Lot

FREEHOLD

Video Tour

Click here to view the video tour of the residential common parts.

Refer to the Auctioneers for internal photos of some of the HMO Units.

Note: There is a right of way on foot from the rear of the property into Little Wingfield Street.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

40/40a Tacket Street, Ipswich, Suffolk IP4 1BA