Pennington is pleased to offer this Block of six self-contained apartments. Five one bedrooms & one studio, all with their own entrance door and come with a bedroom/studio room, kitchen, bathroom/shower room, electric heating, kitchens. All come with 1 parking space and are all occupied under AST tenancies. Currently the block is bringing in an annual rental of £40,680 giving a yield of 6.25% per year.
Location: The property is situated within walking distance of the town centre and just on the east side of the town with only a short walk to Alexandra Park at the top of Bishops Hill. Also its situated within in walking distance to the re-developed Ipswich wet dock with its abundance of pubs and eateries
Accommodation: The Property was converted into apartments and now has 5 one bedroom apartments all with their own doors and some with small outside spaces. All have bedroom apart from one studio, living room, kitchens and bath or shower rooms, electric heating, ground or first floor. All curently are occupied with tenants on AST tenancies mainly out of their fixed term and rolling periodic basis.
79 Felixstowe road First Floor Apartment one bedroom Council tax band A EPC BAND 43 E Rent PCM £575 One parking space
79B Felixstowe road Ground Floor Apartment one bedroom Council tax band A EPC BAND 51 E Rent PCM £515 One parking space
81 Felixstowe road Ground Floor Apartment one bedroom Council tax band A EPC BAND 62 D Rent PCM £650 One parking space
81A Felixstowe road First Floor Apartment one bedroom Council tax band A EPC BAND 67 D Rent PCM £625 One parking space
83 Felixstowe road Ground Floor Apartment Studio Council tax band A EPC BAND 67 D Rent PCM £475 One parking space
83A Felixstowe road Split level Apartment one bedroom Council tax band A EPC BAND 42 E Rent PCM £550 One parking space
Total Rents £3390 PCM Yearly Gross Rent £40,680 giving a yield of 6.25% per year
Each flat has electric heating to either storage or electric panel heaters, and all have separate water meters. No gas to these apartments.
All apartments are being sold as one block and will be sold Freehold
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.
Pennington also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call Robert Ulph on 01394 337590.
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