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Sold Prior | Lot 68

Castle Hotel, High Street, Downham Market, Norfolk, PE38 9HF

Sold Prior

  • Residential Development
  • 12 Bedrooms
  • Tenure: Freehold

Call the team on 01733 889833 for more information

Auction Date

Wed 10/02/2021

Auction Time

11:00

Auction Venue

Livestream Auction

A listed Hotel with twelve rooms and planning permission for six flats and two semi detached cottages in the car park in the centre of the market town of Downham Market

This established hotel has planning permission to convert into six flats, three one bedroom, one two bedroom, two three bedroom flats and two semi detached cottages in the car park. Planning ref 20/01580/F Borough Council of Kings Lynn and West Norfolk Council. The Hotel has been run as a profitable business occupied by the present owner for over thirty years. Due to retirement the owners have obtained the planning permission. The owners had considered converting the hotel into boutique style bed and breakfast establishment. Downham Market has a variety of shops and recreational facilities and a main line rail link into Cambridge and London.

Tenure

Freehold

Planning

Planning Reference 20/01580/F.

Viewings

Please call the auctioneer for details 01733 889833.

Energy Efficiency Rating (EPC)

Current Rating tbc

Services

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

Local Authority

Kings Lynn and West Norfolk Borough Council. Tel: 01553 616200

Solicitors

Kenneth Bush Solicitors, 11 New Conduit Street, Kings Lynn, PE30 1DG, Ref: Jonathan Eales, Tel: 01553 692233

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 inc 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.