House For Sale £300,000
For sale by auction on Wednesday, 08 Feb 2023 at 11:00
Venue: Livestream Auction
Residential development site with planning permission for 14 apartments overlooking the River Bure
A detached warehouse measuring 300 sq m / 3,228 sq ft with mezzanine and forecourt surfaced yard/parking area. The site has planning permission to demolish the existing building and develop a four storey apartment block consisting of 14 apartments (1 x 3 bedroom,
11 x 2 bedroom and 2 x 1 bedroom) with 12 parking spaces. The majority will
have panoramic river views.
Recent developments in the area include a Premier Inn and Brewers Fayre and terrace of
eight luxury apartments to the opposite side of the river.
Planning
Full planning permission was granted by Great Yarmouth Borough Council on 9th April 2021 for demolition of warehouse and construction of residential building comprising fourteen apartments. Application number 06/21/0292/F. Further details and plans can be found on the public access website of Great Yarmouth Borough Council .
Proposed Accommodation
The architect's drawings provide for 14 well proportioned and good sized self
contained apartments arranged over first, second and third floors. The development is to provide 12 car parking spaces in an under-croft at ground floor level and incorporating cycle and bin stores. Proposed gross internal floor areas range from approximately 500 sq ft for the 2 no. One bedroom apartments to 1,150 sq ft for the 1 no. Three bedroom apartment.
Business Rates
The current Rateable Value is £8,500 although it would be removed from the list if development undertaken.
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
Residential development site with planning permission for 14 apartments overlooking the River Bure
A detached warehouse measuring 300 sq m / 3,228 sq ft with mezzanine and forecourt surfaced yard/parking area. The site has planning permission to demolish the existing building and develop a four storey apartment block consisting of 14 apartments (1 x 3 bedroom,
11 x 2 bedroom and 2 x 1 bedroom) with 12 parking spaces. The majority will
have panoramic river views.
Recent developments in the area include a Premier Inn and Brewers Fayre and terrace of
eight luxury apartments to the opposite side of the river.
Planning
Full planning permission was granted by Great Yarmouth Borough Council on 9th April 2021 for demolition of warehouse and construction of residential building comprising fourteen apartments. Application number 06/21/0292/F. Further details and plans can be found on the public access website of Great Yarmouth Borough Council .
Proposed Accommodation
The architect's drawings provide for 14 well proportioned and good sized self
contained apartments arranged over first, second and third floors. The development is to provide 12 car parking spaces in an under-croft at ground floor level and incorporating cycle and bin stores. Proposed gross internal floor areas range from approximately 500 sq ft for the 2 no. One bedroom apartments to 1,150 sq ft for the 1 no. Three bedroom apartment.
Business Rates
The current Rateable Value is £8,500 although it would be removed from the list if development undertaken.
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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