2 Bed Mixed Use For Sale

For sale by auction on 07/05/2025 at Live Broadcast Auction



Lot Number 6



24 St. Margarets Plain,

56 St. Margarets Street & 2 Soane Street

Ipswich

Suffolk

IP42BA



Guide Price:

£225,000 - £250,000



Presenting a captivating landmark building steeped in history, this Grade II listed gem exudes timeless charm. Rich in period features both inside and out, its allure is unmistakable. Meticulously maintained, its beauty shines through upon inspection. Nestled in the town centre, it offers a prime location for a strong investment. With multiple income streams, including two one-bedroom flats currently let on ASTs and ground floor and first-floor offices under lease, it ensures stability and potential. Don't miss this opportunity to own a piece of history while securing a robust investment in a coveted location.



Tenure: Freehold



Tenancy: Offices - 10 Year lease from Feb 22

56 - AST Jun 22 now periodic

2 - AST from Nov 23 now periodic



Current Yield: Offices - £11,970 pa

56 - £500 pcm / £6,000 pa

2 - £550 pcm / £6,600 pa

Total - £24,570 pa



LANDMARK BUILDING

GRADE II LISTED

PERIOD FEATURES

TOWN CENTRE LOCATION

MULTIPLE INCOME

STRONG INVESTMENT

WELL MAINTAINED

TIMELESS CHARM



Open viewings have been arranged for:



By appointment with the

Auctioneers



Vendors Solicitors

Ms Sian Taylor

Birkett Long LLP

1 Amphora Place

Sheepen Road

Colchester

CO3 3WG



How is this property being sold?

This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.



Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.



We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.