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Home » Property Search » Auctions » 10/10/16 » Russell Court, Beach Station Rd, Felixstowe, Suffolk, IP11 2DR

Lot 20 - Russell Court, Beach Station Rd, Felixstowe, Suffolk, IP11 2DR

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FREEHOLD BLOCK OF 9 SELF-CONTAINED FLATS

Guide price: £750,000 plus *

Auction Date

Monday, 10th October 2016 11:00am

Location & Description

A purpose built block of nine flats (8 x 2 bed and 1 x 3 bed penthouse) in a prominent corner position at the junction of Beach Station Road and Langer Road about ¼ mile from the seafront and about 1½ miles south of the town centre and mainline station (Greater Anglia). Local shops and recreational facilities nearby.

Note

1. There may be potential for further development subject to the necessary consents.
2. Potential to re-sell flats individually on new leases.
3. Additional photos can be viewed on our website www.strettons.co.uk

EQUIVALENT TO £31,645 p.a. PLUS IMMINENT INCREASES, 6 FLATS LET ON AST'S, 2 VACANT FLATS AND REVERSIONARY GROUND RENT

Property Features

  • Close to Sea Front & Town Centre
  • Potential to Increase Rental Income
  • 2 Vacant Flats
  • 6 Flats let on AST's
  • 1 Flat Sold on Lease with Approx 56 Years Remaining

Result

Refer to auctioneer

Accommodation

Property Accommodation Tenancy EPC
First Floor:
Flat 1 2 beds, lounge, kitchen, bathroom/WC AST (holding over) at £450 pcm. New 6 month AST at £500 pcm from 09.11.2016.
Flat 2 2 beds, lounge, kitchen, bathroom/WC AST (holding over) at £485 pcm D
Flat 3 2 beds, lounge, kitchen, bathroom/WC AST from October for 6 months at £550 pcm D
Flat 4 2 beds, lounge, kitchen, bathroom/WC AST (holding over) at £500 pcm - Rising to £550 pcm from 15.12.2016 D
Second Floor:
Flat 5 2 beds, lounge, kitchen, bathroom/WC Sold on a 99 year lease from 01.09.1973 (56 years remaining). Ground rent £25 p.a. N/A
Flat 6 2 beds, lounge, kitchen, bathroom/WC AST (holding over) at £500 pcm D
Flat 7 2 beds, lounge, kitchen, bathroom/WC VACANT C
Flat 8 2 beds, lounge, kitchen, bathroom/WC VACANT C
Penthouse: Flat 9 3 beds, lounge, kitchen, dining, cloakroom, bathroom/WC AST (holding over) at £650 pcm. New 6 month AST at £700 pcm from 04.12.2016 D

Undercroft parking to rear accessed from Beach Station Road. Communal garden to the front.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates. 

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.