Guide price
£250,000
Retail premises for saleThe County Of Suffolk, 29 St. Helens Street, Ipswich, Suffolk IP4
Just added
Auction
Freehold
About this property
For sale by auction on Wednesday, 10 Dec 2025 at 10:00
Venue: Livestream Auction
A freehold tenanted pub and four letting room HMO
The County of Suffolk is a landmark public house on the eastern fringe of the town centre and offers a tremendous investment opportunity.
The well proportioned pub on the ground floor and cellar includes a comprehensively equipped commercial kitchen and has been run by the same landlady for the past 5 years, a new 10 year lease with an initial rent of £13,000 plus VAT per annum with 3 yearly reviews has now been put in place.
The two floors above provide the public house WCs, a kitchen, 2 bathrooms, an office and 4 letting rooms 2 of which have long term tenants on ASTs currently paying £520 per calendar month.
The current rental return is £25,480 per annum but with 2 further rooms to fill, potential for extending the upper parts to a licensed 5 letting room HMO (STPP) along with rent increases, this could be enhanced to over £40,000 representing a 16% yield based on the Guide Price and is an opportunity not to be missed.
Note - Subject to the qualifying criteria, the sale could be treated as a Transfer of a Going Concern (togc), otherwise, VAT is payable on 55% of the purchase price.
Viewing
Viewings have been scheduled as follows:
Thursday 20th November at 10.00am
Friday 28th November at 10.00am
Booking an appointment is essential
Please call to confirm your attendance
EPC Rating: C
Additional Fees
Buyers Premium: £1800 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 freehold tenanted pub and four letting room HMO
The County of Suffolk is a landmark public house on the eastern fringe of the town centre and offers a tremendous investment opportunity.
The well proportioned pub on the ground floor and cellar includes a comprehensively equipped commercial kitchen and has been run by the same landlady for the past 5 years, a new 10 year lease with an initial rent of £13,000 plus VAT per annum with 3 yearly reviews has now been put in place.
The two floors above provide the public house WCs, a kitchen, 2 bathrooms, an office and 4 letting rooms 2 of which have long term tenants on ASTs currently paying £520 per calendar month.
The current rental return is £25,480 per annum but with 2 further rooms to fill, potential for extending the upper parts to a licensed 5 letting room HMO (STPP) along with rent increases, this could be enhanced to over £40,000 representing a 16% yield based on the Guide Price and is an opportunity not to be missed.
Note - Subject to the qualifying criteria, the sale could be treated as a Transfer of a Going Concern (togc), otherwise, VAT is payable on 55% of the purchase price.
Viewing
Viewings have been scheduled as follows:
Thursday 20th November at 10.00am
Friday 28th November at 10.00am
Booking an appointment is essential
Please call to confirm your attendance
EPC Rating: C
Additional Fees
Buyers Premium: £1800 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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