51 Butter Market, Ipswich
£350,000

Description

This premium Freehold in the town centre, consisting of mixed-use stock, is an exceptional investment opportunity. It includes two recently refurbished 1-bedroom flats, both fitted with new kitchens, bathrooms and new electric heating. The ground floor commercial unit has also recently enjoyed refurbishment, and all three units are currently let. This property offers a 10% return on investment, with a current yield of £34,600 per annum. The commercial unit is secured on a 10-year lease, providing a stable and attractive income stream. Ideal for investors seeking a robust addition to their portfolio with both residential and commercial components.

Situation

The property is situated in Ipswich Town Centre on the Buttermarket, close to its junction with Upper Brook Street. Neighbouring retail occupiers include The Works, Caffe Nero, The Tooth Club and Oxfam.

Accommodation

retail:

Ground: 74.24 sq m (801 sq ft)
Basement (retail storage): 25.73 sq m (277 sq ft)

Total: 100.15 sq m (1,078 sq ft)

residential:

First Floor Apartment: 37.16 sq m (400 sq ft)
Second Floor Apartment: 39.48 sq m (425 sq ft)

Total: 76.64 sq m (825 sq ft)

Total Overall: 176.79 sq m (1,903 sq ft)

Location

Ipswich is the county town of Suffolk with a population of circa 130,000. The town is situated approximately 80 miles north east of London, 43 miles south of Norwich and 18 miles north east of Colchester.

Business Rates

All enquiries to Ipswich Borough Council.

Planning

All enquiries to Ipswich Borough Council.

EPC

Rating 43B, Certificate Number , valid until 18th April 2033.

VAT

VAT is applicable.