St Nicholas House, Franciscan Way, Ipswich

Guide price
£900,000

16 Bedrooms / 14 Bathrooms / 14 Reception

19 photos



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  • INVESTMENT OPPORTUNITY
  • 14 TOWN CENTRE APPARTMENTS
  • APPROX 8% TO 9% YEILD
  • CURRENTLY APPROX 80% LET ON AST'S
  • 999 YEAR LEASE

INVESTMENT OPPORTUNITY
Situated in the Town centre is this opportunity to purchase 14 Apartments within a Block. At the time of coming to market 11 of the apartments are occupied on AST's with an projected annual income of £68,880, With the block fully occupied the anticipated income is around £88,000. Potential Yield of around 8% to 9%. The investment is made up of 9 One bedroom flats, 3 Studios and 2 Two Top Floor flats with outside space. The lease is 999 years from September 2017.
For further information contact Andrew on 01473 228030


Flat 1
Kitchen/Living 5.9m x 3.8m
Bedroom 2.8 x 2.9
Bathroom

Flat 2
Studio
Living/Kitchen 5.7m x 4.7m
Bathroom 2.4 x 1.7

Flat 6
Studio
Living/Kitchen area 5.7 x 4.7
Bathroom 2.4 x 1.7

Flat 7
1 Bedroom
Kitchen 5.9 x 3.8
Bedroom 2.8 x 2.9
Bathroom

Flat 8
1 Bedroom
Kitchen/Living Area 5.6 x 4.3
Bedroom 3.4 x 2.8
Bathroom

Flat 9
1 Bedroom
Lounge/Kitchen area 5.8 x 4.4
Bedroom 5.1 max x 3.3
Bathroom

Flat 12
1 Bedroom
Living/Kitchen - 5.2 x 3.2
Bathroom 2.5 x 1.5
Bedroom 3.4 x 2.8

Flat 13
2 Bedroom Top Floor with outside space
Living Room 5.2m x 3.2m
Hallway
Bathroom
Bedroom 3.6 x 3.2
Bedroom 2.7 x 2.4

Flat 14
2 Bedroom Top Floor with outside space.

Note
The commercial properties are not part of the sale.

The photos are from various flats in the block

Reference: NIE1005873


Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.


Contact NE (Ipswich) for more details

  15 Neptune Quay, The Waterfront, Ipswich, Suffolk, IP4 1QJ    |     01473 215743   |     ipswich@nicholasestates.co.uk

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