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51 Butter Market 801 SF Retail Building Ipswich IP1 1BJ $466,337 ($582.19/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime town centre
- Mixed-use stock
- 10% yield return
- Recently refurbished
- 2 flats, plus a retail unit - annual total rent £34,600 exclusive
- Ideal for investors seeking a robust addition to their portfolio, with both residential and commercial components
EXECUTIVE SUMMARY
This premium Freehold in the town centre, consisting of mixed-use stock, is an exceptional investment opportunity. It includes two recently refurbished 1-bedroom flats, both fitted with new kitchens, bathrooms and new electric heating.
The ground floor commercial unit has also recently enjoyed refurbishment, and all three units are currently let.
This property offers a 10% return on investment, with a current yield of £34,600 per annum. The commercial unit is secured on a 10-year lease, providing a stable and attractive income stream.
Ideal for investors seeking a robust addition to their portfolio, with both residential and commercial components.
The ground floor commercial unit has also recently enjoyed refurbishment, and all three units are currently let.
This property offers a 10% return on investment, with a current yield of £34,600 per annum. The commercial unit is secured on a 10-year lease, providing a stable and attractive income stream.
Ideal for investors seeking a robust addition to their portfolio, with both residential and commercial components.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
801 SF
Building Class
B
Year Built
1980
Price
$466,337
Price Per SF
$582.19
Cap Rate
10%
NOI
$46,634
Tenancy
Single
Building Height
3 Stories
Building FAR
0.18
Lot Size
0.10 AC
Frontage
15’ on Buttermarket
AMENITIES
- Signage
- Energy Performance Rating - B
- Storage Space
- Smoke Detector
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51 Butter Market
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