Postponed to our next auction on Thursday 9th June

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Freehold development opportunity with planning for conversion / extension of a grand Victorian dwelling to create 2 X 4 bedroom townhouses and 4 luxury apartments (1 x 3 bed, 3 x 2 bed). Prime location within the city's 'Golden Triangle'.

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Description/Location

Planning permission granted by Norwich City Council on 21/02/2020 Ref: 19/01560/F for conversion of the main house to 4 spacious apartments and replacement of the extension with a pair of contemporary, 4 storey town houses.
Estimate Gross Development Value (GDV) £2,500,000.
The property is currently let as rooms. A copy of the schedule of tenancies is available in the legal pack.

Tenure

Freehold

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

Apartments:
Lower Ground Floor - Entrance hall, living room, kitchen, 2 bedrooms, en-suite and bathroom
Ground Floor - Entrance hall, living room/kitchen, 2 bedrooms, bathroom
First Floor - Entrance hall, living room, kitchen, 2 bedrooms, bathroom
Second & Third Floor - Entrance hall, living room, kitchen, 3 bedrooms, en-suite and bathroom.
Townhouses
2 x four storey 4 bedroom townhouses

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £2,100 (inc. VAT) unless otherwise stated in the addendum (£600 inc. VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.