43 Norwich Road, Ipswich, Suffolk, IP1 2ET
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- BATHROOMS
2
- SIZE
Ask agent
Description
Lot Number 11
43 Norwich Road
Ipswich
Suffolk
IP12ET
Guide Price:
£150,000 - £175,000
Sold for £178,000
This fully tenanted freehold property occupies a prominent corner position within a popular secondary shopping parade. The ground floor comprises a retail unit with basement storage, currently producing £1,800 pqt. Above are two self-contained one-bedroom flats, each arranged with living room, kitchen, bathroom, and separate bedroom, both let at £450 pcm. All tenants are established and in situ, providing a stable income stream. The flats benefit from electric heating. Combined, the property produces a gross annual income of £18,000, equating to an attractive yield of around 12% at the guide price. This is a well-located, mixed-use investment opportunity offering immediate income and long-term potential in a strong letting and trading area.
Tenure: Freehold
EPC: D & E
Tenancy: Shop - Holding over from FRI lease
A - AST from 2019 now periodic
B - AST from 2023 now periodic
Current Yield: Shop - £1,800 pqt / £7,200 pa
A - £450 pcm / £5,400 pa
B - £450 pcm / £5,400 pa
FREEHOLD INVESTMENT
MIXED USE PROPERTY
HIGH PROFILE CORNER
SECONDARY PARADE
SHOP £600 PCM
2 FLATS £450 PCM EA
INCOME £18,000 PA
12% YIELD AT GUIDE
Open viewings have been arranged for:
Sat 13 Sep - 10:45 - 11:45
(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 Documents43 Norwich Road, Ipswich, Suffolk, IP1 2ET
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ipswich Station0.7 miles
- Westerfield Station1.7 miles
- Derby Road Station1.8 miles
Notes
Disclaimer - Property reference 308469. 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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