Lakeside Road, Ipswich, Suffolk, IP2

This property presents a unique investment opportunity with twelve one-bedroom apartments currently generating an annual income of approximately £101,000 through assured shorthold tenancies. The apartments, arranged in two blocks of six across two floors, are fully double glazed and equipped with gas central heating as per the Energy Performance Certificates. Each unit features a sitting room, separate kitchen, bedroom, and bathroom. Additionally, there are three building plots in the substantial parking area that have full planning consent for the construction of three three-bedroom link-detached houses, two of which will include garages. While some pre-commencement conditions have been initiated by the current owner, any prospective buyer will need to complete these conditions. With the potential for significant rental income from the existing apartments and further development possibilities on the parking area, this property represents a valuable prospect for investors or developers looking to enhance their portfolio.