Sold Prior

West Raynham Business Park, Blenheim Way, West Raynham, Fakenham, Norfolk, NR21 7PL

Sold Prior

  • Commercial Development
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 17/07/2019

Auction Time

11:00

Auction Venue

The Sunningdale Suite Dunston Hall Hotel, Ipswich Road, Norwich, NR14 8PQ

Viewing Times:

Thu 27 Jun

14:00-16:00

Thu 4 Jul

14:00-16:00

Thu 11 Jul

14:00-16:00

Preliminary Announcement - Full Details of Individual Lots to Follow Shortly

A range of vacant and tenanted workshops/storage units, offices, bespoke buildings and land to be offered at auction individually, although expressions of interest on the whole site are also being invited. Many of the units are currently let on a Tenancy at Will basis, and post-sale, a number of tenants have indicated they would enter into longer term arrangements with the new owners. The buildings are in varying degrees of repair and some are in need of total modernisation and could offer genuine redevelopment opportunities. Lot prices range from £5,000 for an area of storage land through to £200,000 for an office investment which is part let and already producing over £21,000 pa.

Tenure

Freehold

The Business Park

The Business Park extends to around 100 acres and is now connected to a superfast broadband connection, along with on-site security. Some buildings have already been upgraded and are available for immediate occupation. There are a number of businesses already established on the Park, including Norfolk Oak, Naked Kitchens, PCB Metal Works, Sprayline UK Ltd and J&D Restoration Ltd.

Overage

An overage for future development and resale exists until 2026 and full details will be contained within the legal packs which will be available on our website in due course.

Energy Efficiency Rating (EPC)

Current Rating - Please refer to Legal Packs

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

Gunnercooke LLP, 1 Cornhill, London, EC3V 3ND, Ref: Richard Roberts, Tel: 03330 143 401

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 £900 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.