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Guide Price £600,000

Sold STC

Lakeside Close, Ipswich IP2 9PY

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  • Bedrooms

    bedrooms
    10

General information An opportunity to purchase six apartments, 4 x two bedroom and 2 x one bedroom, all of which are currently let on an assured shorthold tenancies and currently produces an income of circa £37,200 per annum. All the apartments have double glazed windows and gas central heating. In addition to this there are eight garages which are all currently let producing an annual income of circa £3,240 per annum. This represents an overall income of £40,440 which equates to a yield of 6.74%.

The block itself is set within a cul-de-sac location on the south west side of the town close to local amenities including a local park, shops and schools.

1 LAKESIDE CLOSE This is a one bedroom ground floor apartment which is currently let at an annual rent of £6,240 per annum to a tenant that has been in occupation since July 2020.

The apartment comprises a hall, sitting room, separate kitchen, bedroom and bathroom.

Entrance hall

Sitting room 13' 8" x 10' 11" (4.17m x 3.33m)

Kitchen 9' 10" x 8' 2" (3m x 2.49m)

Bedroom 11' 1" x 9' 1" (3.38m x 2.77m)

Bathroom 6' 5" x 6' 4" (1.96m x 1.93m)

3 LAKESIDE CLOSE This is a two bedroom ground floor apartment which is currently let at £6,120 per annum to a tenant that has been in occupation since April 2013.

Although the apartment would benefit from some cosmetic updating there is a sitting room, two double bedrooms, kitchen and bathroom.

Entrance hall

Sitting room 14' 11" x 10' 11" (4.55m x 3.33m)

Kitchen 7' 6" x 7' 3" (2.29m x 2.21m)

Bedroom one 11' 4" x 9' 7" (3.45m x 2.92m)

Bedroom two 11' 4" x 9' (3.45m x 2.74m)

Bathroom 6' 5" x 5' 10" (1.96m x 1.78m)

5 LAKESIDE CLOSE This is a lovely presented two bedroom ground floor apartment which is currently let at £5,760 per annum to tenants that have been in occupation since October 2002.

The apartment comprises a sitting room, two bedrooms, separate kitchen and bathroom

Entrance hall

Sitting room 13' 5" x 10' 7" (4.09m x 3.23m)

Kitchen 9' 9" x 9' 8" (2.97m x 2.95m)

Bedroom one 11' 11" x 11' 2" (3.63m x 3.4m)

Bedroom two 8' 11" x 8' 1" (2.72m x 2.46m)

Bathroom 6' 4" x 6' 5" (1.93m x 1.96m)

7 LAKESIDE CLOSE This is a two bedroom first floor apartment which is currently let at £6,720 per annum to a tenant that has been in occupation since December 2020.

The apartment comprises two double bedrooms, sitting room, kitchen and a bathroom.

Entrance hall

Sitting room 14' 11" x 11' (4.55m x 3.35m)

Kitchen 7' 7" x 7' 3" (2.31m x 2.21m)

Bedroom one 14' 9" x 9' 5" (4.5m x 2.87m)

Bedroom two 11' 4" x 9' (3.45m x 2.74m)

Bathroom 6' 5" x 5' 9" (1.96m x 1.75m)

9 LAKESIDE CLOSE This is a two bedroom first floor apartment which is currently let at £6,120 per annum to a tenants that have been in occupation since February 2003.

This well-presented throughout apartment comprises two bedrooms, sitting room, kitchen and a bathroom.

Entrance hall

Sitting room 13' 5" x 10' 5" (4.09m x 3.18m)

Kitchen 9' 10" x 9' 9" (3m x 2.97m)

Bedroom one 11' 11" x 11' 1" (3.63m x 3.38m)

Bedroom two 8' 11" x 8' 1" (2.72m x 2.46m)

Bathroom 6' 5" x 6' 4" (1.96m x 1.93m)

11 LAKESIDE CLOSE This is a one bedroom first floor apartment which is currently let at £6,240 per annum to a tenant that has been in occupation since September 2019.

The apartment has an open-plan sitting/kitchen room with integrated oven, hob and extractor hood, one bedroom and a bathroom.

Entrance hall

Sitting area 13' 6" x 10' 9" (4.11m x 3.28m)

Kitchen area 10' 2" x 8' 6" (3.1m x 2.59m)

Bedroom 11' 8" x 9' (3.56m x 2.74m)

Bathroom 6' 5" x 6' 4" (1.96m x 1.93m)

Outside The property is recessed from the road by a communal front garden which is predominantly laid to lawn. To the side there is a driveway that leads to a hard standing area which in turn provides access to the eight garage - all of which have up and over doors to the front. In addition to this there is a communal courtyard where there are washing hanging facilities.

Location The property is situated within a cul-de-sac on the south-west side of the town close to local amenities.

Important information Council Tax Band - a

Services - We understand that mains water, drainage, gas and electricity are connected to the property.

Tenure - Freehold

EPC rating -

Our ref - SDG

Features

  • Investment opportunity
  • Six apartments currently producing an income of circa £37,200 per annum
  • Eight garages currently producing an income of circa £3,240 per annum
  • All apartments currently let on assured shorthold tenancies
  • Four x 2-bedroom apartments and two x 1-bedroom apartments
  • Freehold
  • All apartments are double-glazed with gas central heating
  • Cul-de-sac location opposite a local park
  • South West Ipswich
  • Good access to local amenities

Floor plan

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Map

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