Stella Maris Court Hadleigh Road Ipswich

0 bedrooms £1,300,000

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A unique INVESTMENT opportunity for investors to acquire 9 Apartments all currently let and managed on Assured Shorthold Tenancies producing a total current annual income of £67,260 per annum together with the Freehold of the building.



The property is located opposite Chantry Park on the South-Western outskirts of Ipswich within a short drive of the town centre and Ipswich mainline railway station with its regular inter-city service to London's Liverpool Street Station (approximately 70 minutes). The main A12/A14 is easily accessible.



The property is of traditional red brick construction under a slate roof. The apartments were the subject of a major modernisation programme approximately 10 years ago.



The accommodation is arranged over 3 floors and comprise a mixture of 1, 2 and 3 bed apartments. All the apartments have off road parking facilities. There is the potential to achieve in excess of £70,000 per annum within a short period of time.



An opportunity of this nature is rarely available in the town.

TENANCY SCHEDULE

1a - 3 bedroomed Ground Floor - fixed term ending 08/05/2018 producing £9,000 per annum

1b - 2 bedroomed Ground Floor - periodic tenancy producing £6.900 per annum

2 - 2 bedroomed Ground Floor Self-Contained - fixed term ending 07/06/2018 producing £8.700 per annum

2a - 2 bedroomed First Floor - periodic tenancy producing £6,300 per annum

2b - 1 bedroomed First Floor - periodic tenancy producing £6,300 per annum

2c - 2 bedroomed First Floor - fixed term ending 02.11.2018 producing £8,340 per annum

3a - 2 bedroomed Second Floor - fixed term ending 28.05.2018 producing £8,100 per annum

3b - 1 bedroomed Second Floor - fixed term ending 28.06.2018 producing £7,020 per annum

3c - 2 bedroomed Second Floor - periodic tenancy producing £6,600 per annum

Get in touch with the Ipswich Office about this property


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