Upper Brook Street property goes to auction with £525k guide price
A freehold retail investment property comprising two adjoining commercial units on Upper Brook Street in Ipswich will go under the hammer on Wednesday, 23 July.
Why it matters: The property offers investors an 11.33% yield on the guide price, with established tenants and leases running until 2026 and 2031.
The details: The Upper Brook Street units comprise approximately 493.87 sq m (5,316 sq ft) across ground and first floors. Unit 19 houses Cash Exchange Limited, a product exchange store, paying £30,000 annually on a lease expiring March 2031. Unit 20 is occupied by hearing aid specialists Amplifon Limited, paying £29,500 per year with their lease expiring February 2026.
By the numbers: The combined annual rental income totals £59,500, generating the attractive yield based on the £525,000 guide price.
What's next: The auction takes place at 09:00 on Tuesday, 22 July, with bidding continuing on Wednesday, 23 July. Interested investors can register to bid through the auction house. The businesses are not affected.
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