About this property

Key features
  • A substantial freehold mixed use investment property including commercial and residential properties
  • Substantial rental income of £71,665 per annum (8.5% blended gross yield)
  • Fully let ground and lower ground floor commercial premises
  • Fully let residential flats on first, second and third floors
  • Lift to all floors
  • Freehold subject to leases
Description
FOE SALE BY ONLINE AUCTION ON 23 JUNE. For further information contact the auction team on 01223 213777. A wonderful opportunity to purchase a substantial freehold building located in the heart of the county town of Ipswich, with frontage to both Princes Street and Elm Street. The building is arrange over 5 floors and features 2 substantial commercial properties which are still owned within the freehold and included in the sale. Above the commercial units are a total of 10 flats, of which 3 flats are also still owned by the freeholder and included within this sale, with the remaining 7 flats having been sold away on long leasehold basis, and therefore paying ground rents to the freeholder. The building generates a substantial rental income of £71,665 per annum and therefore offers a fantastic income producing opportunity to an investor buyer.

Get in touch

Sarah Jacobs
Sarah Jacobs BA (Hons)
Commercial Property Assistant

01223 271947

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£840,000
12-14 Princes Street, Ipswich, Suffolk, IP1 1QT
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