Redevelopment Opportunity - Substantial end terraced property with planning permission to convert into 4 flats

This substantial three storey plus basement end terrace former guesthouse has full planning permission to convert into four self contained one-bedroom flats. The property is not listed, however does lie within a conservation area. Once converted the flats could command a rent in the region of £400 pcm (£4,800 pa) per flat, generating nearly £20,000 pa.

Tenure

Freehold

Description

Lower Ground Floor

Three rooms, store

Ground Floor

Entrance hall, kitchen, three rooms

First Floor

Landing, w.c., four rooms, shower room

Second Floor

Landing, roof garden, w.c., bathroom, three rooms

Planning

Full planning permission was granted by Great Yarmouth Borough Council on 6th April 2016 to convert the guesthouse into four individual flats. Application number 06/16/0008/F. On 20th December 2017 permission was granted to amend the agreed plans to make the conversion more affordable by removing the requirement for a four storey extension. Ref 06/17/0657/F. Further details and plans can be found on the public access website of Great Yarmouth Borough Council www.great-yarmouth.gov.uk/planning.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating E

Services

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

Local Authority

Great Yarmouth Borough Council. Tel: 01493 856100

Solicitors

Steeles Law, St Nicholas House, 3 St Nicholas Street, Diss, Norfolk IP22 4LB, Ref: Lorraine Olpin, Tel: 01379 652141

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

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