Lot 1 - Albany Court, Holton Road, Halesworth, Suffolk, IP19 8HQ
- Unconditional Online Auction Sale
- Guide Price* : £225,000
A rare freehold investment opportunity of four apartments with two held in-hand and let on Assured Shorthold Tenancies, with the remaining two subject to long-leasehold interests.
Description
A residential holding comprising the freehold of four flats across two blocks with two let on Assured Shorthold Tenancies and two sold off on long-leasehold interests.
Currently producing £14,940 per annum from two ASTs.
Ideal residential investment opportunity
For Sale By Timed Online Auction - 12th June 2025
Method of Sale
The property is offered for sale by Unconditional Timed Online Auction on 12th June 2025 and on the assumption the property reaches the reserve price, exchange of contracts will take place upon the fall of the electronic gavel with completion occurring 20 working days thereafter. For details of how to bid please read our Online Auction Buying Guide.
The vendor’s solicitor has prepared an Auction Legal Pack. This is available to view online and interested parties should register online to receive updates. If you are viewing a hard set of these particulars or via Rightmove or alike please visit the Online Property Auctions section of Clarke and Simpson’s website to Watch, Register and Bid.
Seller’s Solicitors
The seller’s solicitors are Atkins Dellow Tel: 01284 335098. We recommend that interested parties instruct their solicitor to make any additional enquiries prior to the auction.
Location
The property is located just a short walk to the east of the centre of the desirable market town of Halesworth. The town is probably best know for its busy high street, including independent shops, cafés, pubs and restaurants. It also has a supermarket, post office, primary school, pharmacy, library and train station, which provides services via Ipswich to London's Liverpool Street station. To the east of Halesworth lies the Heritage Coast which is renowned for its wide variety of leisure opportunities, including the well regarded seaside resort of Southwold, historic Dunwich and the RSPB sanctuary at Minsmere.
Directions
From the town centre the agents Halesworth proceed out of the town on Saxons Way and at the roundabout take the third exit onto Quay Street. Continue for approximately ½ a mile where Albany Court will be found on the right hand side.
For those using the What3Words app: ///crockery.jiffy.example
Description
Albany Court is complex of four flats with associated parking, gardens and garaging. The flats are split over two blocks, comprising two ground floor and two first floor flats.
The flats are as follows:-
Flat 1
A two-bedroom ground floor flat of 82sqm (882sqft) with hallway, sitting room, kitchen, cloakroom, bathroom and two double bedrooms.
Flat 2
A two-bedroom first floor flat of circa 80sqm (860sqft).
Flat 3
A one-bedroom first floor flat of circa 39sqm (419sqft).
Flat 4
A one-bedroom ground floor flat of 41sqm (441sqft) with hallway, sitting room, kitchen, shower room and bedroom. This flat is in the process of being refurbished with new kitchen and décor.
Garage Block & Gardens
A block of four garages is located to the rear of the property with a single parking space in-front of each garage. In addition there are two communal garden areas and visitor parking to the front of the properties.
Possession & Tenure
Flats 1 & 4 are held freehold and both let on Assured Shorthold Tenancies producing £14,940 per annum.
Flats 2 & 3 were sold off on long-leasehold interests in 1982 on 99 year leases expiring: 2081. Ground rent, maintenance charges and insurance recharges are levied on the leaseholders. The ground rent is currently £100 per annum per flat.
Services
We understand mains water and electricity are connected to the flats with mains gas wet-radiator systems. Mains foul drainage. We have not undertaken any detailed investigations in relation to the availability and capacity of services and prospective purchasers should satisfy themselves in this regard.
EPC
Flat 1 - D(60)
Flat 4 - D(66)
Council Tax
Flat 1 - Band A.
Flat 4 - Band A.
Viewing
Strictly by appointment with Clarke and Simpson.
Local Authority
East Suffolk Council.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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