1 bedroom mixed use property for sale
33 & 33a Foxhall Road, Ipswich, Suffolk, IP3 8JU
- PROPERTY TYPE
Mixed Use
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Description
Lot Number 9
33 & 33a Foxhall Road
Ipswich
Suffolk
IP38JU
Guide Price:
£125,000 - £150,000
A mixed-use freehold investment comprising a ground floor self-contained retail unit together with a self-contained one-bedroom first floor flat. The property is situated in a popular area of East Ipswich which consistently attracts strong commercial and residential demand.
The retail unit has been occupied by a tanning salon since 2002 and is fitted with six booths together with staff and WC facilities. The tenant is currently holding over at a rent of £650. The first floor flat is accessed independently from the rear and provides one-bedroom accommodation benefiting from double glazing and electric heating (not tested). The flat is let on an AST at £500 pcm. Combined rental income of £13,800 per annum, representing a return in excess of 11% at the low guide price. Offered at realistic auction pricing.
Tenure: Freehold
EPC: E
Tenancy: 33 - Holding over 33a - periodic
Current Yield: 33 - £650 pcm / £7,800 pa
33a - £500 pcm / £6,000 pa
£1,150 pcm / £13,800 pa
EAST IPSWICH LOCATION
MIXED USE FREEHOLD
RETAIL & 1 BED FLAT
EST. SHOP TENANT
AST IN PLACE (FLAT)
INCOME £13,000+ PA
11%+ YIELD AT GUIDE
STRONG INVESTMENT
Open viewings have been arranged for:
Sat 14 Feb - 13:30 - 14:30
(10 Minute viewing slots
MUST be pre-booked)
Vendors Solicitors
Ms Farina Moghal
Hayward Moon Property Lawyers
4 Pappus House
Tollgate Business Park
Stanway
Colchester
CO3 8AQ
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 ConditionsLegal Documents33 & 33a Foxhall Road, Ipswich, Suffolk, IP3 8JU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Derby Road Station0.4 miles
- Ipswich Station1.3 miles
- Westerfield Station1.9 miles
Notes
Disclaimer - Property reference 329150. 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.”
Map data ©OpenStreetMap contributors.