1-9 & 10 Byron Close, Stowmarket, Suffolk, IP14 1GB

LOCATION:

Stowmarket is a busy fast growing market town with a resident population of approximately 21,500. The town provides a good range of shops and other town centre facilities and amenities. The railway station is upon the Great Eastern mainline providing a regular service to Ipswich, Norwich and London Liverpool Street.

The property is located on Byron Close, off Chilton Way, less than 1 mile to the north of the town centre. Chilton Fields Sports Club and the town's leisure centre are both within about 0.5 mile to the west and the A14 dual carriageway is within 1.4 miles.

DESCRIPTION:

The property comprises a purpose built residential development built in 2010 and comprising nine apartments arranged over three floors , together with an adjoining two storey semi-detached house.

The apartments are accessed off a central entrance and stairwell and comprise six 2-bedroom units and three 1-bedroom units. Each apartment comprises living/dining room, adjoining kitchen, bathroom, bedroom(s), internal lobby, hallway and airing cupboard.

The adjoining house comprises lounge, separate dining room, kitchen, hallway and toilet on the ground floor, with three bedrooms with en-suite to master bedroom, family bathroom and airing cupboard on first floor.

All properties benefit from self-contained gas fired central heating.

The property includes a landscaped area to the front, with the house benefiting from its own enclosed garden. A rear paved courtyard provides a parking space for each of the nine flats, together with six visitors spaces, single garage allocated to the house, shared bin storage and washing line enclosure.

Floor plans are available upon request.

ACCOMMODATION
The approximate gross internal floor areas are as follows:
Sq ft [Sq m]
1 Byron Close: Ground floor 2 bed flat 596 [55.37]
2 Byron Close: Ground floor 1 bed flat 460 [42.69]
3 Byron Close: Ground floor 2 bed flat 620 [56.61]
4 Byron Close: Mid floor 2 bed flat 596 [55.37]
5 Byron Close: Mid floor 1 bed flat 460 [42.69]
6 Byron Close: Mid floor 2 bed flat 620 [56.61]
7 Byron Close: Top floor 2 bed flat 596 [55.37]
8 Byron Close: Top floor 1 bed flat 460 [42.69]
9 Byron Close: Top floor 2 bed flat 620 [56.61]
10 Byron Close: 3 bed semi-detached house next to flats 947 [88.00]

Total 5,957 [552.01]

Fenn Wright have not had the opportunity to inspect and measure all units and the above floor areas are based upon the original construction drawings.

All interested parties should satisfy themselves as to the accuracy of these measurements.

TENANCIES:

All the properties are let on standard Assured Shorthold Tenancies. Copies are available upon request and a summary of the details are set out below:

Commenced Last Review Monthly Rent Annual Rent
1 Byron Close: Vacant
2 Byron Close: 24/05/21 01/08/23 £650 £7,800
3 Byron Close: 01/12/23 01/12/23 £800 £9,600
4 Byron Close: Vacant
5 Byron Close: Vacant
6 Byron Close: Vacant
7 Byron Close: 01/12/23 01/12/23 £800 £9,600
8 Byron Close: 01/04/22 01/08/23 £675 £8,100
9 Byron Close: 22/05/21 01/08/23 £750 £9,000
10 Byron Close: 01/03/12 01/08/23 £1,100 £13,200

Total £4,775 £57,300

The total estimated rental value is considered to be in the region of £102,600 p.a.

The vendors intend to redecorate and replace the floor coverings within the vacant units as applicable although the intention is to sell them with vacant possession.

SERVICES:

We understand that the property is connected to mains electricity, gas, water and drainage.

We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

ENERGY PERFORMANCE CERTIFICATES [EPC]:

All properties have energy performance certificates with a B or C (78-81) rating. Copies are available upon request.

LOCAL AUTHORITY:

Babergh Mid Suffolk Council
Endeavour House
8 Russell Road
Ipswich
Suffolk
IP1 2BX
Tel: .

TERMS:

Offers are invited in the region of £1,475,000 for the freehold interest.

LEGAL COSTS:

Each party will be responsible for their own legal costs incurred during the course of the transaction.