Upper Orwell Street, Ipswich, IP4
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Town Centre Location
- Four One Bedroom Apartments, One Two Bedroom Apartment & Commercial Unit
- All Units Occupied
- Currently Grossing £56,520
- Freehold Included
Description
Each of the five residential units is currently occupied, with rental rates ranging from £785 per calendar month for the one-bedroom Flat D to £950 per calendar month for the comfortable two-bedroom Flat E. The commercial unit further bolsters the income stream by £575pcm + VAT, making this property a robust investment with a current gross income of £56,520 per annum.
The advantages of this property extend beyond its balanced rental portfolio. The convenience of owning the Freehold adds another layer of security and control for the astute investor, enhancing the long-term value proposition of this asset.
Offering a solid foundation for a diverse property investment portfolio, this Block of Apartments caters to the demand for high-quality urban living. The chic yet practical design of each apartment provides residents with contemporary living spaces that are both comfortable and functional, ensuring retention of tenants over the long term.
The Town Centre location is not only desirable for tenants seeking the convenience of urban living, but also adds to the attractiveness of this property for potential future buyers. Proximity to essential amenities, public transportation, and a vibrant local community make this investment property highly sought after in the current marketplace.
With a proven track record of steady rental income and a strategic location surrounded by urban conveniences, this Block of Apartments is poised to continue its success within the property market. Whether expanding an existing property portfolio or venturing into property investment for the first time, this property represents a sound opportunity for the discerning investor looking to secure their financial future.
CURRENT RENTS:
Commercial Unit - £575pcm + VAT
10a - £800pcm
10b - £800pcm
10c - £800pcm
10d - £785pcm
10e - £950pcm
EPC Rating: C
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: E
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Upper Orwell Street, Ipswich, IP4
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Visit our security centre to find out moreDisclaimer - Property reference e3e0f599-a142-4a6e-ae6d-d4b862acdf8a. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Joseph Property Agency, Ipswich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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