A well maintained fourth floor flat with an established tenant

Situated just to the south of the town centre is this modern fourth floor flat which has been well looked after throughout. The property offers two bedrooms accommodation with an open plan living room/kitchen and is currently let to established tenants at a rental income of £700 per calendar month (£8,400 per annum). The property also benefits from a balcony and an allocated parking space and we believe provides an excellent investment opportunity. NOTE - The property has an EWS01 Certificate and no remedial cladding work is required.

Tenure

Leasehold. 120 years from 2004

Council tax

B

Lease details

120 years from 2004 Service Charge: £3,045.70 pa Ground Rent: £330 pa Rental Income: £700 pcm

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Ipswich Borough Council

Solicitors

Jackamans (Ipswich), Ref: Rebecca Grimsey, Tel: 01473 255591

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.