35 - 37 Garrick Way, Ipswich, Suffolk, IP1 6NF
- PROPERTY TYPE
Mixed Use
- BEDROOMS
4
- BATHROOMS
2
- SIZE
Ask agent
Description
Lot Number 2
35 - 37 Garrick Way
Ipswich
Suffolk
IP16NF
Guide Price:
£250,000 - £275,000
A well-presented mixed-use investment situated within an established parade on the north-western side of Ipswich. The ground floor comprises a commercial unit let to Sapphire', an established sun tanning and beauty treatment business, in occupation for approximately 15 years and recently committed to a new 10-year FRI lease at £15,000 per annum.
The upper floors provide a well-presented three/four-bedroom residential unit, let to a long standing tenant on a new AST at £1,100 pcm. The accommodation benefits from uPVC double glazing, gas C/H, an enclosed courtyard garden and garage. A secure investment combining long-term commercial income with quality residential accommodation in a consistently strong location.
Tenure: Freehold
EPC: C-C
Tenancy: 10 year FRI lease - £15,000 pa
AST - £1,100 pcm / £13,200 pa
Current Yield: £2,350 pcm / £28,200 pa
NORTH WEST IPSWICH
MIXED USE FREEHOLD
WELL MAINTAINED
SHOP & 3/4 BED FLAT
ESTABLISHED TENANTS
£15,000 PA COMMERCIAL
£13,200 PA RESIDENTIAL
STRONG INVESTMENT
Open viewings have been arranged for:
NEW DATE Sat 2 May - 11:00 - 12:00
And by appointment with the Auctioneers
(viewing slots MUST be pre-booked)
Vendors Solicitors
Mrs Kerry Fielding
Ellisons Solicitors
Connexions
159 Princes Street
Ipswich
IP1 1QJ
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 Documents35 - 37 Garrick Way, Ipswich, Suffolk, IP1 6NF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Westerfield Station1.2 miles
- Ipswich Station2.0 miles
- Derby Road Station2.8 miles
Notes
Disclaimer - Property reference 341175. 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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