The County of Suffolk, 29 St. Helens Street, Ipswich, Suffolk IP4 1HH
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- Town centre mixed use Freehold investment
- Tenanted public house on new 10 year lease
- 4 letting room HMO
- Current income of £25,480 per annum
- Potential for £40,000+
- Substantial landmark property
- Guide price: £250,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 10:00 am, Wednesday 10th December 2025
Description
SOLD AT AUCTION - £255,000
A freehold tenanted pub and four letting room HMO
The County of Suffolk is a landmark public house on the eastern fringe of the town centre and offers a tremendous investment opportunity.
The well proportioned pub on the ground floor and cellar includes a comprehensively equipped commercial kitchen and has been run by the same landlady for the past 5 years, a new 10 year lease with an initial rent of £13,000 plus VAT per annum with 3 yearly reviews has now been put in place.
The two floors above provide the public house WCs, a kitchen, 2 bathrooms, an office and 4 letting rooms 2 of which have long term tenants on ASTs currently paying £520 per calendar month.
The current rental return is £25,480 per annum but with 2 further rooms to fill, potential for extending the upper parts to a licensed 5 letting room HMO (STPP) along with rent increases, this could be enhanced to over £40,000 representing a 16% yield based on the Guide Price and is an opportunity not to be missed.
NOTE - Subject to the qualifying criteria, the sale could be treated as a Transfer of a Going Concern (TOGC), otherwise, VAT is payable on 55% of the purchase price.
Viewing Viewings have been scheduled as follows:
Thursday 20th November at 10.00am
Friday 28th November at 10.00am
BOOKING AN APPOINTMENT IS ESSENTIAL
Please call to confirm your attendance
Tenure: Freehold
EPC Rating: C
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
The County of Suffolk, 29 St. Helens Street, Ipswich, Suffolk IP4 1HH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ipswich Station0.9 miles
- Derby Road Station1.0 miles
- Westerfield Station1.7 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
Disclaimer - Property reference 202511031724sq_340v. 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 Auction House, East Anglia. 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 Auction House, East Anglia on 01603 361653.
*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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