A high yielding freehold detached property configured as 2 maisonettes with parking

Situated on the southern side of Needham Market some 9 miles to the north-west of Ipswich and with easy access to the A14, is this detached dwelling converted from a water pumping station which served the former adjacent fire station. Comprising 2 one bedroom maisonettes with plenty of parking space, both are currently let on Periodic AST’s with the existing tenants having been in residence since 2012 and paying a rent of £375 pcm each, giving a total annual yield of £9000. This is a freehold residential investment offering a 10% gross return at the low end of the Guide Price and as such represents a first class purchase which will compliment any rental portfolio.

Tenure

Freehold

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating 38a - F 38b - D

Services

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

Local Authority

Mid Suffolk District Council. Tel: 01449 724500

Solicitors

Hayward Moon Property Lawyers, Chestnut Court, Wingfield Street, Ipswich IP4 1AR, Ref: Helen Hendry, Tel: 01473 234730

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.