For Sale By Auction | 10:00, 12 June 2024 | Lot 19

Stower Grange, 40 School Road, Drayton, Norwich, Norfolk NR8 6EF

Sold After

  • Hotel
  • 11 Bedrooms
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 12/06/2024

Auction Time

10:00

Auction Venue

Livestream Auction

A magnificent Grade II listed 18th Century former Rectory currently a hotel restaurant but with potential for conversion to residential or alternative use subject to planning

Stower Grange was originally built as a rectory but for many years it has traded as an award-winning country house hotel, restaurant and wedding venue. It is situated just four miles from the centre of Norwich and three miles west of Norwich Airport, the property is also convenient for the North Norfolk Coast and Norfolk Broads. The current owners have successfully run the business for the last 24 years but are now selling due to retirement. The opportunity now exists for the property to be rejuvenated or following a successful pre application, conversion to residential use may be possible for which a listed building planning application has been submitted and is currently being determined. The local authority have already indicated that the principle for residential use would be acceptable as it is located within the settlement boundary and is in a primarily residential area. The 11 bedroom hotel has extensive dining and entertaining spaces along with a professional kitchen, cellarage and gardens that extend to 1.55 acres (stms). The setting is idyllic and planning permission has been granted to add an additional seven rooms to the existing property, offering an incoming owner excellent development potential to further grow the business or expand the existing living accommodation. Rarely do opportunities as valuable as this come to the market and detailed viewing is highly recommended.

Tenure

Freehold

Ground Floor

Twin entrance halls, ball room, lounge bar, guest sitting room, dining room, breakfast room, fully equipped professional kitchen, cloakrooms, cellar

First and Second Floors

Split landing, eleven en-suite bedrooms

Outside

Private gardens extending to 1.55 acres with sweeping gravel driveway and car parking areas, extensive lawned areas, paved terrace, mature trees and shrubs.

Business Rates

10 March 2023 to present: £27,500

Planning

Planning permission was granted for the addition of 7 further letting bedrooms and meeting room on 4.11.21, Planning Ref. 2021/1599. An application has been submitted for the conversion of the existing premises into three residential units and this is awaiting determination, however the feedback has been positive from the planning officer and final approval is expected shortly. Details can be found on the Broadland District Council website, planning ref. 2023/3093.

Notes

The vendor of the property is related to a member of Auction House East Anglia staff

Viewing

Open viewing has been scheduled for Monday 3rd June - APPOINTMENT ESSENTIAL - please call our Norwich Office on 01603 505100 to be allocated a time slot

Energy Efficiency Rating (EPC)

Current Rating C

Services

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

Local Authority

Broadland District Council

Solicitors

Ward Gethin Archer (Dereham), Ref: Tracy Guest, Tel: 01362 852918

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £1500 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.

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