366 Nacton Road, Ipswich, Suffolk, IP3 9ND
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Description
Lot Number 8
366 Nacton Road
Ipswich
Suffolk
IP39ND
Guide Price:
£175,000 - £200,000
Situated in a popular shopping parade on the east side of Ipswich, this freehold mixed-use property comprises a ground floor retail unit with established fast food takeaway together with a self-contained two bedroom flat above. The commercial element is let to national franchise Pizza GoGo on a lease expiring in 2028, though we understand they have been in continuous occupation for nearly 20 years, currently producing £1,000 + VAT pcm. The first floor flat is let to the same tenant since 2006 at £485 pcm, now holding a periodic tenancy. Parking to the rear serves both units. Combined, the property produces an income of £17,820 per annum, equating to a strong return of over 10% at the guide price.
Tenure: Freehold
EPC: TBC
Tenancy: Shop - FRI Lease exp. 2028
Flat - AST from 2006 now periodic
Current Yield: Shop - £12,000 (+VAT) pa
Flat - £485 pcm / £5,820 pa
EAST IPSWICH PARADE
FREEHOLD MIXED USE
TAKEAWAY & 2 BED FLAT
REAR PARKING INCLUDED
PIZZA GOGO TENANT
INCOME £17,820 PA
10%+ RETURN AT GUIDE
Open viewings have been arranged for:
Sat 13 Sep - 14:00 - 15:00
(10 Minute viewing slots
MUST be pre-booked)
Vendors Solicitors
Mr Oliver Ray
Barker Gotelee
41 Barrack Square
Martlesham Heath
Ipswich
IP5 3RF
How is this property being sold?
This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.
Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.
We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.
Brochures
Full CatalogueViewing TimesCommon Auction ConditionsBuyers Guide to AuctionLegal Documents366 Nacton Road, Ipswich, Suffolk, IP3 9ND
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Derby Road Station0.9 miles
- Ipswich Station2.0 miles
- Westerfield Station3.1 miles
Notes
Disclaimer - Property reference 308462. 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 Goldings, 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Goldings, Ipswich on 01473 210200.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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