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Studio Flat For Sale £140,000
South Quay, Great Yarmouth NR30


Description
**Live Stream Auction 7th December 2022** Auction Guide Price £140,000.

Call Auction House Norwich for further details.

Office Building with Consent for Mixed Use Redevelopment

Upon the instructions of Fixed Charge Receivers Mr M Hardy and Mr N Bestwick.

Location The property occupies a prominent position at the junction of South Quay and Yarmouth Way close to both Great Yarmouth town centre and the South Denes port and harbour areas. South Quay runs parallel to the east bank of the River Yare and is a busy vehicular thoroughfare linking the town centre to the harbour areas.

The immediate area is a mix of office and professional occupiers and residential properties with a free car park to the opposite side of South Quay. The area has undergone a lot of redevelopment with traditional office buildings being converted to residential apartments.

Property description The property comprises a detached office building on a prominent corner site with a small surfaced car park to the rear for three cars. The building consists of a three-storey period front section of red brick elevations beneath a double pitch tiled roof. There is a two storey section to the rear with flat roof over and then an attached store building to the rear with a flat roof.

The building is split into cellular office space with ancillary staff welfare facilities. There is no lift access within the property – the upper floors accessed by stairs.

The property is in a run-down condition and will require refurbishment to include recarpeting and redecoration, electrical work and some structural work in order to return the property to its previous use as office space.

Schedule of accommodation The property provides office space arranged over the 3 floors totalling 251.60 sq m (2,710 sq ft).

Planning The property is Grade 2 listed and is within a conservation area. It is also within a Flood Risk Zone being adjacent to the River Yare.

The property has been subject to a planning application to 'part change of use and extension to office to create office space and eight residential units'.

Planning was granted on 22 September 2020 for this proposed use under planning reference 06/19/0302/F. The consent comes with a number of conditions and should be commenced within a three-year period of the date of the consent which expires in September 2023.

Services We believe that mains water, drainage, electricity and gas are connected to the property.

Terms The property is to be sold freehold with vacant possession and with the benefit of the existing planning consent.

Guide Price £140,000. The Auction is set for the 7th December 2022 and will be carried out by Auction House Live Stream Auction

business rates The property has a Rateable Value of £14,750.

VAT and legal costs will not be applicable to this transaction. Each party to bear their own legal fees.

EPC EPC rating D.

Viewings & contact Auction House, Norwich –

Follow the link for more information:
        
zoopla.co.uk

  
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