House For Sale £225,000
For sale by auction on Wednesday, 26 Oct 2022 at 11:00
Venue: Livestream Auction
Iconic town centre property with plans for conversion to six flats, a shop and two town houses
This substantial and valuable freehold commercial premises is located at the heart of this busy coastal town near to the Market Place and next to a large public car park. The grade two listed building was formerly Bretts Furniture Shop but significant preparation work has already commenced to convert the property into two town houses, 6 flats and a shop thus providing an excellent and profitable development opportunity or a building with a significant investment income potential. The project now requires completion and final sign off by the local authority, although structural adequacy and other planning requirements have already been obtained.
The adjoining building has also been converted into residential accommodation.
The premises extend to approximately 9,000 square feet spread over four floors with additional cellarage areas. Great Yarmouth is a thriving coastal town which is now benefiting from being party to significant growth and focus on the Offshore Energy Sector.
Planning
Various consents have previously been obtained on this building however the current proposal is to provide for 2 four bedroom townhouses fronting onto Howard Street North, 6 one and two bedroom flats and a retail unit fronting Market Row. Planning ref 06/21/0280/F
Additional Fees
Buyers Premium: £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Iconic town centre property with plans for conversion to six flats, a shop and two town houses
This substantial and valuable freehold commercial premises is located at the heart of this busy coastal town near to the Market Place and next to a large public car park. The grade two listed building was formerly Bretts Furniture Shop but significant preparation work has already commenced to convert the property into two town houses, 6 flats and a shop thus providing an excellent and profitable development opportunity or a building with a significant investment income potential. The project now requires completion and final sign off by the local authority, although structural adequacy and other planning requirements have already been obtained.
The adjoining building has also been converted into residential accommodation.
The premises extend to approximately 9,000 square feet spread over four floors with additional cellarage areas. Great Yarmouth is a thriving coastal town which is now benefiting from being party to significant growth and focus on the Offshore Energy Sector.
Planning
Various consents have previously been obtained on this building however the current proposal is to provide for 2 four bedroom townhouses fronting onto Howard Street North, 6 one and two bedroom flats and a retail unit fronting Market Row. Planning ref 06/21/0280/F
Additional Fees
Buyers Premium: £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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