Lakeside Road, Ipswich, Suffolk, IP2 9QA

An opportunity to purchase 12 x 1 bedroom apartments all let on ASTS producing an income of circa £79,500 plus three building plots with full planning consent

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.

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.