Guide price
£180,000
Retail premises for sale5, 5A & 5B Norwich Road, Ipswich IP1
EPC Rating: E
Auction
Freehold
About this property
For sale by auction on Wednesday, 30 Jul 2025 at 10:00
Venue: Livestream Auction
A mixed use investment producing a high annual rental income
On the western fringe of the town centre is this mixed unit investment comprising two retail units with an independently accessed three bedroom duplex flat above.
The two retail units are both let on six year leases from 2024 at rents of £4,200 and £8,400 per annum respectively while the flat is let on an Assured Shorthold Tenancy which is holding over at a rent of £900 per calendar month.
With a total annual income of £23,500 which represents 11.7% of the low Guide Price this is certainly a great investment opportunity.
Business Rates
According to the Valuation office website, 5 and 5A Norwich Road has a rateable value of £8,200 (1 April 2023 to present)
Council Tax Band - 5B Norwich Road
A
EPC Rating: E
Additional Fees
Buyers Premium: £1140 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
A mixed use investment producing a high annual rental income
On the western fringe of the town centre is this mixed unit investment comprising two retail units with an independently accessed three bedroom duplex flat above.
The two retail units are both let on six year leases from 2024 at rents of £4,200 and £8,400 per annum respectively while the flat is let on an Assured Shorthold Tenancy which is holding over at a rent of £900 per calendar month.
With a total annual income of £23,500 which represents 11.7% of the low Guide Price this is certainly a great investment opportunity.
Business Rates
According to the Valuation office website, 5 and 5A Norwich Road has a rateable value of £8,200 (1 April 2023 to present)
Council Tax Band - 5B Norwich Road
A
EPC Rating: E
Additional Fees
Buyers Premium: £1140 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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