City Centre Warehouse and offices with Planning consent to replace with 3 houses and 2 flats

A city centre storage unit and area of land with consent for redevelopment into five residential units Located in a very central location close to the city centre this storage warehouse and parking area has recently been let producing a good rental yield. However, planning consent has now been obtained for the demolition of the existing building and replacement with a terrace of three townhouses and two flats. Once constructed, these would be highly popular and should command strong resale prices or could deliver a healthy rental income. The site is situated a few steps from John Lewis department store and very keenly guided to attract builders and investors looking for a straight forward and profitable development opportunity.

Tenure

Freehold

The Site

The site currently consists of disused offices and warehouse facilities which at present are accessed through an open archway. This is not included within the site at present, however can be purchased for an additional sum of £60,000. Please contact the Auctioneers for further information.

Planning

Planning permission was granted by Norwich City Council on 14th November 2016, planning reference number 16/01266/F. Full details can be found on the planning website of Norwich City Council.

Viewing

Please call the Auctioneers - 01603 505100

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Norwich City Council. Tel: 0344 980 3333

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich NR8 6HW, Ref: Mr N Norton, Tel: (01603) 864331

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.