Land for sale

Lot 1 | The Kerrison Portfolio, Thorndon, Eye, Suffolk IP23

A significant residential portfolio of let property with land and further strategic holdings representing an excellent investment opportunity.

Description
Situated adjacent to the River Dove, the Kerrison Portfolio presents purchasers with a unique opportunity to acquire a diverse portfolio of assets. The portfolio consists of 14 residential properties along with extensive grassland and strategically positioned land. The gross return for the residential property is approximately £148,000. All are let on Assured Shorthold Tenancies.

Accessed off Stoke Road are the majority of the residential houses in the portfolio. They comprise 14 residential houses set in approximately 5.33 acres (2.159 hectares). Collectively the gross return for these house is £145,680. Further information regarding the residential properties can be found in the table in the sales particulars and in the data room.

Part of the land has received planning permission for residential development. The planning application reference number is 1716/09. The planning permission is for a close of six 3 bedroom houses. Four of the houses are detached with the other two being semi-detached. Further details can be found with the vendor’s agent.

Location
The portfolio is located within the village of Thorndon. Thorndon benefits from a community shop, public house and primary school. The market town of Eye is approximately 3 miles away which offers an array of facilities including a number of different shops, services, public houses and a secondary school.

The larger market town of Diss is approximately 8.5 miles to the east and includes a main line rail link to Norwich, Ipswich and London. The journey time from Diss to Norwich is from 17 minutes, Ipswich from 22 minutes and London Liverpool Street from 1 hour 36 minutes.

Acreage:
5.33 Acres