Lakeside Road, Ipswich, Suffolk, IP2
- PROPERTY TYPE
Plot
- BEDROOMS
12
- BATHROOMS
12
- SIZE
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Key features
- 12 One bedroom apartments all let on assured shorthold tenancies
- Currently producing an income of circa £79,500 with an ERV closer to £94,000
- All apartments have a sitting room kitchen, bedroom and bathroom
- Double-glazed windows
- Gas central heating
- Large car park with planning consent for 3 three storey three bedroom link detached houses
- Detailed planning consent under reference IP/22/01048
- South West Ipswich adjacent to a local park
- Good access to the A12/A14 trunk roads
Description
An opportunity to purchase 12 one-bedroom apartments, which are spread across two blocks, all are currently let on assured shorthold tenancies producing a current income of circa £79,500 per annum.
The parking area currently has full detailed planning consent for 3 three storey three bedroom link detached houses, two of which have garages.
Set adjacent to Stone Lodge Park the apartments comprise of two blocks of 6 one bedroom apartments spread over two floors.
All apartments have a sitting room, separate kitchen, a bedroom and a bathroom. They are all double glazed and based on the information provided by the Energy Performance Certificates all have gas central heating.
At present the apartments produce a combined income of circa £79,500 per annum, however based on current rental values if the rents were reviewed we would estimate this could be increased to around £94,000 per annum.
To the rear of the block there is a substantial parking area which currently has full planning consent for 3 three storey three bedroom link-detached properties. This can be found under planning reference IP/22/01048.
Unit one has a gross square footage of circa 1,150 sq.ft. with units two and three having circa 1,300 sq.ft. each. Units two and three also have a garage, car parking would still remain for the existing apartments.
Directions
Using IP2 9QA on Satellite Navigation system and upon entering Lakeside Road via Dunlin Road the two blocks can be found on the right hand side, adjacent to Stonelodge Park.
Important Information
Council Tax Band for all apartments - A
Services - Mains water, drainage, gas and electricity are connected.
Tenure - Freehold
EPC rating for 11 apartments - C; 1 apartment D
Agents note
The images and floorplan shown are for 46 Lakeside Road, at present we have been unable to fully inspect all the remaining 11 apartments.
Brochures
ParticularsLakeside Road, Ipswich, Suffolk, IP2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ipswich Station1.1 miles
- Derby Road Station2.7 miles
- Westerfield Station3.2 miles
About the agent
Fenn Wright, Ipswich
1 Buttermarket, Ipswich, IP1 1BA
This branch - one of eleven in Essex and Suffolk - is headed up by Chris Jessup, a Partner at Fenn Wright.
Chris's team at Buttermarket, Ipswich is expert at selling residential homes in Ipswich and nearby villages. A specialist team at this branch handles the sale of new build homes on local developments, for house builders.
Our Signature team are dedicated to finding buyers for the most d
Industry affiliations
Notes
Disclaimer - Property reference IPS230858. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright, Ipswich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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