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26 bed property
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Our Summary
- The property offers a straightforward, income-led investment opportunity with diversified income across multiple tenancies and clear asset management upside, suitable for private investors, syndicates and regional funds
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Description
The property is a freehold, purpose-built residential block with 26 self-contained apartments, operated as an open-market private rented sector investment. The apartments vary in size and layout, with rent ranging from £775 to £1,200 per month. The current passing rent is £297,420 per annum, with two apartments currently vacant, offering immediate reversionary potential of £21,480 per annum.
Units 10A and 10B are excluded from current income due to lack of utility connections, but offer potential for further income when occupied. The property is located in the IP4 postcode area of Ipswich, an established and consistently lettable residential area.