6 bed property for sale

Upper Orwell Street, Ipswich IP4

Situated in the heart of the town centre, this lucrative Block of Apartments presents a prime investment opportunity for discerning buyers seeking a stable rental income. Comprising of four one-bedroom apartments, one two-bedroom apartment, and a flourishing commercial unit, this property is fully tenanted, ensuring immediate return on investment.

Each of the five residential units is currently occupied, with rental rates ranging from £785 per calendar month for the one-bedroom Flat D to £950 per calendar month for the comfortable two-bedroom Flat E. The commercial unit further bolsters the income stream by £575pcm + VAT, making this property a robust investment with a current gross income of £56,520 per annum.

The advantages of this property extend beyond its balanced rental portfolio. The convenience of owning the Freehold adds another layer of security and control for the astute investor, enhancing the long-term value proposition of this asset.

Offering a solid foundation for a diverse property investment portfolio, this Block of Apartments caters to the demand for high-quality urban living. The chic yet practical design of each apartment provides residents with contemporary living spaces that are both comfortable and functional, ensuring retention of tenants over the long term.

The Town Centre location is not only desirable for tenants seeking the convenience of urban living, but also adds to the attractiveness of this property for potential future buyers. Proximity to essential amenities, public transportation, and a vibrant local community make this investment property highly sought after in the current marketplace.

With a proven track record of steady rental income and a strategic location surrounded by urban conveniences, this Block of Apartments is poised to continue its success within the property market. Whether expanding an existing property portfolio or venturing into property investment for the first time, this property represents a sound opportunity for the discerning investor looking to secure their financial future.

Current rents:

Commercial Unit - £575pcm + VAT
10a - £800pcm
10b - £800pcm
10c - £800pcm
10d - £785pcm
10e - £950pcm
EPC Rating: C