4. Studio for sale in Ipswich, IP4

Studio for sale in Ipswich, IP4

Lower Brook Street, Ipswich, IP4

£375,000

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Agent details

This property is listed with:
David Brown
8-10 Falcon Street Ipswich Suffolk IP1 1SL
Telephone:
01473 222266

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Full Details for Studio for sale in Ipswich, IP4 :

Full description

Tenure: Freehold

RESIDENTIAL FREEHOLD INVESTMENT
A 3 storey former office property converted and updated into 3 SELF-CONTAINED FLATS with generously proportioned accommodation within the town centre. The property which is of traditional brick construction is located within the heart of the town's commercial and business sector and adjoins an attractive courtyard development of luxury Town Houses.

The flats are well maintained and provide a degree of character with sash windows and tall ceilings.

The flats have an imposing communal entrance hall off which there is a cellar providing useful storage facilities for all 3 flats. Each floor is separately heated by way of electric night storage heaters and each property has a modern fitted kitchen and shower room, the living and bedroom areas are carpeted and there are air conditioning units in both the first and second floor flats.

The flats are ideal for a "buy to let" investor with all the flats let on assured shorthold tenancies with a current gross income of £19,800 per annum showing a return well in excess of 5% before costs.  

ON THE GROUND FLOOR Double panelled entrance doors with fully glazed inner doors opening to:  

COMMUNAL ENTRANCE HALL Sunken coconut mat. Coved ceiling. Window to side. Fitted carpet. Stairs to Upper Floors. Part glazed panelled door to SIDE LOBBY with further double glazed door to outside and steps to CELLAR 18'5" x 8' with additional small storage area. Electric meters and lighting. Good ceiling height.  

FLAT A (GROUND FLOOR) - currently let at £600 per calendar month 

ENTRANCE HALL Fitted carpet. Coved ceiling. Telephone door intercom.  

LOUNGE 20' 4" x 11' 5" (6.2m x 3.48m) Electric night storage heaters. 4 wall lights. Windows to side. Coved ceiling. Fitted carpet. Telephone point.  

KITCHEN 13' 10" x 8' 5" (4.22m x 2.57m) Single drainer stainless steel sink unit (h & c mixer tap). Range of fitted units comprising base cupboards and drawers with postformed worksurafces and tiled splashbacks. Matching eye level wall cupboards. Built-in appliances comprising "Indesit" stainless steel oven with 4 ring electric hob unit and extractor/light unit over. Telephone point. 2 roof lights. Vinyl flooring. Electric cooker point. Built-in airing cupboard with insulated hot water cylinder and electric immersion heater. Coved ceiling. Track of 4 spotlights.  

BEDROOM 1 12' 0" x 11' 00" (3.66m x 3.35m) Window to front with vertical blinds. Fitted carpet. Electric night storage heater. Coved ceiling. Telephone point. 

BEDROOM 2 11' 4" x 8' 7" (3.45m x 2.62m) Window to front with vertical blinds. Electric night storage heater. Fitted carpet. Coved ceiling.  

BATHROOM White suite comprising pedestal wash basin (h & c) with tiled splashbacks and low level WC. Wide fully tiled shower cubicle with "Triton T70" electric shower. Extractor fan. Coved ceiling. "Dimplex" electric convector heater. Ceramic tiled floor. Fully tiled walls.  

FLAT B (FIRST FLOOR) - currently let at £600 per calendar month 

HALF LANDING Window to side. Fitted carpet.  

LANDING Fitted carpet.  

ENTRANCE HALL Window to rear. Fitted carpet. Telephone door intercom.  

LOUNGE 19' 2" x 12' 3" (5.84m x 3.73m) Electric night storage heaters. Window to side. Coved ceiling. Fitted carpet. Air conditioning unit. Telephone point. Opening through to:  

KITCHEN 11' 2" x 6' 0" (3.4m x 1.83m) Single drainer stainless steel sink unit (h & c mixer tap) Range of fitted units comprising base cupboards and drawers with postformed worksurfaces and tiled splashbacks. Matching eye level wall cupboards. Built-in appliances comprising "Diplomat" stainless steel oven with 4 ring electric hob unit and extractor/light unit over. Telephone point. Vinyl flooring. Electric cooker point. Window to side. Plumbing facilities for automatic washing machine. Coved ceiling. Built-in airing cupboard with insulated hot water cylinder and electric immersion heater.  

BEDROOM 1 19' 5" x 9' 2" (5.92m x 2.79m) Double aspect windows to front and side. Electric night storage heater. Fitted carpet. Telephone point. Coved ceiling. 2 wall light points.  

BEDROOM 2 11' 10" x 11' 4" (3.61m x 3.45m) Window to front. Electric night storage heater. Fitted carpet. Coved ceiling. Air conditioning unit.  

SHOWER ROOM Wide fully tiled shower cubicle with "Triton T70" electric shower, pedestal wash basin (h & c) with tiled splashback and low level WC with wooden seat and cover. Window to rear. "Dimplex" electric convector heater. Ceramic tiled floor. Extractor fan. Fully tiled walls.  

FLAT B (SECOND FLOOR) - currently let at £450 per calendar month  

LANDING Windows to side with vertical blinds. Fitted carpet. Electric night storage heater. Telephone door intercom. Coved ceiling. Wall light points. Built-in airing cup-board with slatted shelving. Air conditioning unit.  

LOUNGE 19' 2" x 8' 0" (5.84m x 2.44m) Windows to front and side. 2 electric night storage heaters. Fitted carpet. Coved ceiling. 2 wall light points. 2 telephone points and 2 TV points.  

KITCHEN 8' 2" x 6' 0" (2.49m x 1.83m) Single drainer stainless steel sink unit (cold tap) with electric hot water heater. Range of fitted base cupboards and postformed worktops and tiled splashbacks. Matching eye level wall cupboards. "Amica" electric oven with 4 ring electric hob unit. Vinyl flooring. Plumbing facilities for automatic washing machine. Window to side. Coved ceiling. Electric cooker point. Extractor fan.  

BEDROOM 1 13' 6" x 10' 6" (4.11m x 3.2m) Window to front with vertical blinds. Electric night storage heater. Fitted carpet. Coved ceiling. 2 wall light points. Air conditioning unit. TV point and telephone point.  

SHOWER ROOM White suite of pedestal wash basin (cold tap) with electric hot water heater and low level WC with wooden seat and cover. Tiled shower cubicle with "Mira Jump" electric shower. Vinyl flooring. Window to side. Extractor fan. Shaver point. "Dimplex" electric convector heater.  

OUTSIDE Communal garden to the side laid to pea shingle with inset shrubs and dwarf hedging. Double gates to Lower Brook Street.  

NOTE The flats are all on individual 125 year leases but the Vendor also owns the freehold of the building and is looking to sell the freehold interest in the 3 flats together not individually.  

SERVICES Mains water, mains electricity and mains drainage are available and connected.  

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