COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 15 June 2022 | Lot 44

Ludham Bridge, Ludham, Great Yarmouth, Norfolk NR29 5NX

Sold £365,000

  • Mixed Use
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 15/06/2022

Auction Time

11:00

Auction Venue

Livestream Auction

Exciting income producing mixed use investment / redevelopment opportunity next to the River Ant

Located at the heart of the Norfolk Broads is this rare investment opportunity. There are five units, of which currently three are let producing £25,896 pa and two are vacant giving potential for further income. There is also planning permission to build three holiday lets to the rear. The site extends to 0.6 of an acre and there is ample off road parking and outbuildings to the rear. Ludham Bridge Stores Let producing £988 pcm (£11,856 pa) to 2028. Wayfarers Cafe: Previously let at £1,035 pcm (£12,420 pa), now vacant and in need of improvement. Flat Two bedroom flat located above the cafe. Previously let at £550pcm (£6,600 pa), now to be sold with vacant possession. It requires improvement and could make a lucrative holiday let. Kiosks One let to A J B Angling at £720 pcm (£8,640 pa) and the other to Circus Interesting Things at £450 pcm (£5,400 pa) to 2023.

Tenure

Freehold

Ludham Bridge Stores

Storeroom, shop, kitchen, rear entrance, wc

Wayfarers Café

Ground floor: Kitchen, prep area, rear entrance, wc, partially double glazed.

Flat

First floor: kitchen, wc, bathroom, two bedrooms, sitting room, balcony, partially double glazed, electric heating, self contained with access via the cafe

Planning

Full planning permission was approved by The Broads Authority on 17th March 2022 for proposed demolition of the existing Ludham Bridge Stores and Wayfares cafe for the erection of a replacement building and extension to accommodate a new cafe and store, alongside 3 proposed holiday lets to the rear. Application number: BA/2021/0145/FUL Further details including plans can be found on the public access website of The Broads Norfolk Authority, www.broads-authority.gov.uk/planning.

Location

Around three miles from Horning and six miles from Wroxham

Viewings

Open viewings for the vacant cafe and flat have been arranged and the next are on Thursday 9 June - please call the Norwich office to book an appointment. The Bridge Stores can be viewed during opening hours, 6 days a week 8am to 5pm

Energy Efficiency Rating (EPC)

Current Rating C, D, E

Services

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

Local Authority

North Norfolk District Council

Solicitors

England & Co, Ref: Chelsea Matthews, Tel: 01493 604990

Offered in association with

Bycroft Commercial

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a miniumum of £1200 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.