5, 5A & 5B Norwich Road, Ipswich IP1 2ET
- PROPERTY TYPE
Mixed Use
- BEDROOMS
3
- SIZE
Ask agent
Key features
- Mixed use investment producing £23,400pa
- 2 retail units
- 3 bedroom duplex flat
- Fringe town centre location
- Excellent investment
- Guide price: £180,000 to £220,000
- For sale by online livestream auction
- Unless previously sold or withdrawn prior
- 10:00am - Wednesday, 30th July 2025
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDY, 30TH JULY 2025
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A mixed use investment producing a high annual rental income
On the western fringe of the town centre is this mixed unit investment comprising two retail units with an independently accessed three bedroom duplex flat above.
The two retail units are both let on six year leases from 2024 at rents of £4,200 and £8,400 per annum respectively while the flat is let on an Assured Shorthold Tenancy which is holding over at a rent of £900 per calendar month.
With a total annual income of £23,500 which represents 11.7% of the low Guide Price this is certainly a great investment opportunity.
Business Rates According to the Valuation office website, 5 and 5A Norwich Road has a rateable value of £8,200 (1 April 2023 to present)
Council Tax Band - 5B Norwich Road A
Tenure: Freehold
EPC Rating: E
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1140 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.
5, 5A & 5B Norwich Road, Ipswich 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 Station1.7 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
Disclaimer - Property reference 202506271156sq_4bi4. 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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