House For Sale £250,000
For sale by auction on Wednesday, 26 Oct 2022 at 11:00
Venue: Livestream Auction
A prominent commercial building, formally a large retail premises, now with planning permission for 9 flats and 1 retail unit.
This two storey corner property traded for may years as Barkshire cycles and more recently as a shop and storage, however planning permission was granted in October 2021 for the replacement of the existing building with 9 flats and a retail unit. The building could have many other alternative uses or as a highly valuable redevelopment opportunity for resale or investment.
The proposed configuration would provide for 6 one bedroom flats and 3 two bedroom flats plus a ground floor retail unit. Full plans and details can be fopund on Norwich City Councils planning portal Ref. 21/01054/F.
St Augustine's Street lays to the North of Norwich centre close to a wide range of shops and near the Anglia Square redevelopment zone.
Existing Accommodation
The current arrangement includes a retail unit and workshop on the ground floor with offices and storage on the first floor. In total 473 square meters (5091 Square feet).
Planning
Norwich City Council granted planning permission on 18th October 2021 for replacement of the existing building with 9 flats and a retail unit Ref 21/01054/F.
Business Rates
Current Ratable value £19,250.
Additional Fees
Buyers Premium: £600 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
A prominent commercial building, formally a large retail premises, now with planning permission for 9 flats and 1 retail unit.
This two storey corner property traded for may years as Barkshire cycles and more recently as a shop and storage, however planning permission was granted in October 2021 for the replacement of the existing building with 9 flats and a retail unit. The building could have many other alternative uses or as a highly valuable redevelopment opportunity for resale or investment.
The proposed configuration would provide for 6 one bedroom flats and 3 two bedroom flats plus a ground floor retail unit. Full plans and details can be fopund on Norwich City Councils planning portal Ref. 21/01054/F.
St Augustine's Street lays to the North of Norwich centre close to a wide range of shops and near the Anglia Square redevelopment zone.
Existing Accommodation
The current arrangement includes a retail unit and workshop on the ground floor with offices and storage on the first floor. In total 473 square meters (5091 Square feet).
Planning
Norwich City Council granted planning permission on 18th October 2021 for replacement of the existing building with 9 flats and a retail unit Ref 21/01054/F.
Business Rates
Current Ratable value £19,250.
Additional Fees
Buyers Premium: £600 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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