An immaculate modern terraced house subject to an Assured Tenancy

Situated on the popular Cavendish Park development to the east of the town centre is this 1980’s built 3 bedroom terraced house with double glazing, integral garage and in excellent order throughout. Felixstowe is located some 14 miles to the south east of Ipswich and is the UK’s busiest container port, the town also attracts an abundance of tourists who avail themselves of the wide range of amenities on offer. The property is offered for sale subject to an Assured Tenancy (NOT SHORTHOLD) with the current tenants having been in residence since 1997 and now paying a rent of £675 per calendar month following a recent review. With a gross yield of over 8% based on the low end of the Guide Price this is undeniably a first class investment opportunity. NOTE: Please be advised that in addition to the auctioneers administration charge there is also a Buyers Premium of £350 plus VAT which is payable upon signing the contracts.

Tenure

Freehold. Subject to an Assured Tenancy

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating D

Services

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

Local Authority

Suffolk Coastal District Council. Tel: 01394 383789

Solicitors

Birketts, Kingfisher House, 1 Gilders Way, Off Barrack Street, Norwich NR3 1UB, Ref: Sophia Key, Tel: 01603 756497

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.