Opportunity to purchase a ready-made 41-unit portfolio in Ipswich generating 9.1% gross yield
£5,000,000
41-unit Portfolio
VES-IP4-002
INITIAL INVESTMENT
£1,442,500
Based on
deposit: £1,250,000
stamp duty: £150,000
mortgage fees: £1,500
conveyancing fees: £41,000
GROSS RENT
£453,579
GROSS YIELD
9.1%
The portfolio
TENURE
Freehold
NO OF UNITS
41
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
32,428
PRICE SQ FT
£154
Portfolio information
- The portfolio comprises:
- 24 x 1-bed apartments
- 12 x 2-bed apartments
- 5 x commercial units
- EPC ratings of the apartments: B & C
- Council tax bands: tbc
Rental income
- All apartments are let
- 4 of 5 commercial units are let
- Once fully let the portfolio is expected to achieve:
- Aggregate rental income: £37,798.25 pcm
- Aggregate rental income: £453,579 pa
- Aggregate gross yield: 9.1%
Location information
- The properties are located on the edge of Ipswich town centre
- All local amenities are easily accessible on foot
- Ipswich railway station is just under 1 mile from the property and can easily be reached on foot
- There are several bus stops within a short walk
Available upon request
- Portfolio breakdown
- EPCs for all units
- Full floorplans
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
The floorplans are examples of a 1-bed and a 2-bed apartment in the portfolio. Layout and sizes will vary.
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Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Ipswich, Suffolk
Ipswich is a large port town in Suffolk on the River Orwell. It lies around 19 miles north-east from Colchester, 27 miles south-east of Bury St Edmunds, 40 miles south of Norwich and 45 miles east of Cambridge.
The A12 and A14 roads surround Ipswich connecting it to Lowestoft and London as well as to Port of Felixstowe to Catthorpe Interchange in Leicestershire. Ipswich is around one hour from Stanstead airport and 40 minutes from Harwich International port.
Ipswich railway station is on the Great Eastern Main Line and with seven rail routes: 2 routes from London Liverpool Street to Norwich, London Liverpool Street to Ipswich, Ipswich to Peterborough, Harwich International to Cambridge, Harwich International to Lowestoft, and Ipswich to Felixstowe.
Some of the local attractions include Ipswich Museum, Ipswich Transport Museum, New Wolsey Theatre, Chantry Park, Holywells Park, Jimmy’s Farm & Wildlife Park, Christchurch Mansion, to name a few. Ipswich waterfront offers the opportunity to watch yachts and boats come in and out of the marina. There are also several cafes and restaurants as well as galleries, shops and museums. Some of the local river cruises start at the marina too.
On the main high street one can find a good range of well-known brands and high street favourites. However, in the cobbled streets leading away from the high street some great independent shops can be discovered.
Education is provided by a number of state and independent schools and academies, as well as Suffolk New College and a sixth form college. The University of Suffolk is the one of the UKs newest universities and can be found at the waterfront.
Ipswich’s main employers are in the insurance and wholesale and retail sectors and include AXA, Churchill, Legal & General, LV and Willis Towers Watson. The Ipswich Haven port is still a working port and handles several million tonnes of cargo each year, providing employment for a large number of people. Adastral Park, a science campus based at Martlesham Heath, also offers a home to several companies including Fujitsu, Huawei, O2 plc, Cisco and Juniper Networks to name a few.
Cox Lane,
Ipswich,
Suffolk,
England,
IP4 1HT
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