A development site in Ipswich will lead the second Commercial Property Network (CPN) auction, which will be hosted online by Cheffins.
The large freehold mixed-use investment building, which includes both commercial and residential properties in the centre of Ipswich, has a guide price of £840,000+.
It can generate a rental income of £71,665 per annum and includes fully let ground and lower ground floor commercial premises and 10 flats on the first, second and third floors.
The catalogue is now live and bids can be made from Monday, June 23 for all the sites, ahead of the auction, which will be hosted online by Cheffins on Wednesday, June 25.
The varied catalogue also includes investment opportunities from across the country, including in Brighton, Scarborough, Durham and Kendal.
Ian Kitson, director at Cheffins, said: “This varied catalogue offers investment opportunities nationwide and is a brilliant illustration of how the CPN Auction concept works in practice.
“By combining the practicalities of the timed online process with the local knowledge of member firms of the CPN, we are providing property investors across the country with the ability to sell and purchase buildings of all shapes and sizes in a quick and hassle-free way.
“The first auction which we hosted for the CPN was a fantastic success and saw strong prices paid for a variety of different auction lots and served as a springboard to develop the catalogue for this next sale. By combining Cheffins’ 200-years’ worth of experience in selling properties by auction, coupled with the nationwide reach of the CPN and modern technology, we are working together to create a solution for property investors from coast-to-coast.”
Visit – https://www.cheffins.co.uk/property-auctions.htm
Contact the Cheffins property auction team on 01223 869727 or cpnauctions@cheffins.co.uk
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