Residential development for sale

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 12TH FEBRUARY 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Commercial premises in the heart of Cromer with residential Planning Permission for conversion to 9 flats (one penthouse)

Rare opportunity to demolish and reconstruct this commercial building which was once the base for St John's Ambulance training centre.

Situated in the heart of this historic seaside town of Cromer convenient for all amenities, this now vacant building has just been issued full planning for conversion into 9 residential flats, details can be found on North Norfolk Council website with Reference: PF/23/2498. Approved on 29 Oct 2024 the planning comprises of 9 flats (4 two bedroom, 4 one bedroom and 1 three bedroom penthouse flat. This is an ideal redevelopment and investment opportunity in a very popular holiday destination.

Accommodation Former commercial building with planning for 2 blocks of flats comprising 9 in total with bike and bin store space.
Rateable Value According to the valuation office website the existing premises has an area of 222.4 sq/m and a rateable value of £4,250 with effect from 1st April 2023.
Services The property retains its existing water supply however the gas and electricity supplies will need to be reconnected.
Viewings Viewings of the building are being held by appointment on the following days:

Wednesday 8th January

Please contact the Norwich Office to book your appointment

Tenure: Freehold

EPC Rating: E

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £960 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.