Flat for sale in Back Hamlet, Ipswich IP3

Summary
auction sale 21 May 2024 - Long leasehold upper ground floor self-contained flat,
Close to the vibrant Ipswich marina,
Investment – Rent Reserved £9,000 per annum,

description
Long leasehold upper ground floor self-contained flat
Close to the vibrant Ipswich marina
Investment – Rent Reserved £9,000 per annum

Location:
The property is situated within a converted church on Back Hamlet between Neptune Marina and Devonshire Road. Public transport links include Ipswich mainline rail station (with direct links to London Liverpool Street) together with a network of local bus services serving the surrounding vicinity. Road links include the A14 and A12. The Ipswich Waterfront is a cultural and historically significant area surrounding the marina in the town of Ipswich. The waterfront is a trendy area of Ipswich, the waterfront is now characterised by its marina, known as Neptune Marina, as well as its mix of classical and postmodern architecture which includes multiple high-rise apartment buildings, restaurants, bars and cafes. The waterfront is also home to the main campus of the regions university, the University of Suffolk, with local colleges Suffolk One and Suffolk New College close by. As well as waterfront, the property is conveniently situated close to Ipswich town centre, which offers a number of shopping facilities and restaurants, as well as offering good access to various retail parks.

Description:
Long leasehold upper ground floor (with step-free access) self-contained flat. Close to the vibrant Ipswich marina.

Accommodation:
First floor: One bedroom, reception room open plan to kitchen, shower room/ WC, Inner Hall

Note 1:
Permit parking available locally.

Note 2:
Property was refurbished prior to the tenant taking occupation in October 2023.

EPC rating: E

Council Tax Band: B

Tenancy:
The property is let on an assured shorthold tenancy agreement (AST) for a term of 6 months from October 2023 (holding over) at a rent of £750 per calendar month.

Rent reserved:
£9,000 per annum

Lease:
Held on a long lease for a term of 125 years from January 2003 (Thus having approximately 104 years remaining) at a ground rent of £400 per annum.

To view: 9/5,16/5 at 11am
No booking required - 30min time slot - Please arrive at the time stated

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.