*Guide | £30,000 - £40,000 (plus fees)
- Land
- Tenure: Freehold
Call the team on 01473 558 888 for more information
A parcel of land providing a high rental income
This interesting investment/speculative Lot comprises a corner parcel of land measuring approximately 88ft at its deepest point by 66ft of road frontage with gated access. The land has mains water, electricity and drainage connected and has been let on a 3 year AST from 4th September 2023 at a rent of £600 per calendar month (£7,200 per annum) and is utilised to house a caravan which is permanently occupied. We consider there to be development potential in the medium/long term (STPP) but with an annual return of 24% based on the low end of the Guide there's no doubt this is a fantastic investment opportunity.
Tenure
Freehold
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
East Suffolk Council
Solicitors
Spencer West LLP, Ref: Emma Barnard, Tel: 07468 878012
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
