16 bedroom apartment for sale

St Nicholas House, Franciscan Way, Ipswich

Guide Price £900,000

Property Description

Key features

  • INVESTMENT OPPORTUNITY
  • 14 TOWN CENTRE APPARTMENTS
  • APPROX 8% TO 9% YEILD
  • CURRENTLY APPROX 80% LET ON AST'S
  • 999 YEAR LEASE

Full description

Tenure: Leasehold

INVESTMENT OPPORTUNITY
Situated in the Town centre is this opportunity to purchase 14 Apartments within a Block. At the time of coming to market 11 of the apartments are occupied on AST's with an projected annual income of £68,880, With the block fully occupied the anticipated income is around £88,000. Potential Yield of around 8% to 9%. The investment is made up of 9 One bedroom flats, 3 Studios and 2 Two Top Floor flats with outside space. The lease is 999 years from September 2017.
For further information contact Andrew on 01473 228030

Flat 1
Kitchen/Living 5.9m x 3.8m
Bedroom 2.8 x 2.9
Bathroom

Flat 2
Studio
Living/Kitchen 5.7m x 4.7m
Bathroom 2.4 x 1.7

Flat 6
Studio
Living/Kitchen area 5.7 x 4.7
Bathroom 2.4 x 1.7

Flat 7
1 Bedroom
Kitchen 5.9 x 3.8
Bedroom 2.8 x 2.9
Bathroom

Flat 8
1 Bedroom
Kitchen/Living Area 5.6 x 4.3
Bedroom 3.4 x 2.8
Bathroom

Flat 9
1 Bedroom
Lounge/Kitchen area 5.8 x 4.4
Bedroom 5.1 max x 3.3
Bathroom

Flat 12
1 Bedroom
Living/Kitchen - 5.2 x 3.2
Bathroom 2.5 x 1.5
Bedroom 3.4 x 2.8


Flat 13
2 Bedroom Top Floor with outside space
Living Room 5.2m x 3.2m
Hallway
Bathroom
Bedroom 3.6 x 3.2
Bedroom 2.7 x 2.4

Flat 14
2 Bedroom Top Floor with outside space.

Note
The commercial properties are not part of the sale.

The photos are from various flats in the block


Listing History

Added on Rightmove:
24 May 2019

Nearest stations

  • Ipswich (0.4 mi)
  • Derby Road (1.4 mi)
  • Westerfield (1.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Nicholas Estates, Ipswich Town & Waterfront

15 Neptune Quay Ipswich IP4 1QJ

01473 870053 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Ipswich (0.4 mi)
  • Derby Road (1.4 mi)
  • Westerfield (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Nicholas Estates, Ipswich Town & Waterfront

15 Neptune Quay Ipswich IP4 1QJ

01473 870053 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference NIE1005873. 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 Nicholas Estates, Ipswich Town & Waterfront. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.