217 Unthank Road, Norwich, Norfolk, NR2 2PH

Guide Price= £475,000 - £525,000 plus fees

**For Sale By Unconditional Auction 23/10/2024 11:00**

Description
The property comprises a semi-detached house dating back to late Victorian/Edwardian times, being constructed of part rendered brickwork with a pitched tiled roof covering along with single storey flat roofed rear portion, and located in a conservation area.

The property has been let for many years and comprises 3 studio flats, a 1 bed flat and a 2 bed flat.

Four out of the five flats are currently let under the terms of assured shorthold tenancies, these four collectively producing a gross annual income of circa £29,000 and the fifth previously generating an additional gross income of £7,000 per annum approximately. Details relating to the income and copies of the agreements will be available in the auction legal pack. Buyers will purchase subject to the continuing assured shorthold tenancies, but the entire property could easily be converted back into an individual home, subject to the necessary planning consent being forthcoming and also subject to serving notices on the existing tenants and obtaining vacant possession.

The property is approached from the road and there is a wide drive providing hardstanding for a number of vehicles. There is a communal garden to the rear which is shared by all the flats and the grounds are of a good size, the rear garden being divided into two portions.

Mains water, electricity, gas and drainage are connected to the flats and all of these have separate meters, including electricity and gas meters, and all have a gas fired central heating system. The buyer will be responsible for the communal utility costs.

This is an excellent opportunity to acquire an investment property or alternatively to purchase a property that could make a wonderful family home, subject to the necessary planning consent being forthcoming.

Solicitor: Leathes Prior (Attn Edmund Ramsdale), 74 The Close, Norwich, NR1 4DR. Tel.

Location
The property is located on one of the prime residential streets in Norwich, in the south-western quadrant of the city in an area known as the Golden Triangle. There are local shopping and transport facilities within walking distance and Norwich city centre is within easy reach. The inner and outer ring roads are close by, as well as public and private hospitals. This district is known as one of the more popular residential areas of Norwich.

Directions
Proceed out of Norwich and travel along Unthank Road and the property will be seen on the right hand side, just before Christchurch Road and before reaching the outer ring road.

EPC Rating
D

Notes
Buyer Fees: Please note that the successful bidder will be required to pay an Administration Charge of £1,170 inclusive of VAT. This fee is due and payable from the winning bidder immediately after the timed auction ends. The successful bidder will additionally pay over to the auctioneer a deposit of 10% of the purchase price, subject to a minimum of £5,000, after the timed auction ends. All payments to be made by debit card payment or electronic bank transfer to the Brown&Co Client Account, the details of which will be provided by the auctioneer to the successful bidder shortly after the auction ends. Other fees may be payable on completion and will be detailed within the Special Conditions of Sale to be found within the published Auction Pack.

Ability to Buy: This property is being sold under Unconditional Auction Rules creating a legally binding contract at the conclusion of the timed auction. DO NOT bid unless you can complete the sale within 28 days, or on the terms specified within the Special Conditions of Sale.

If you REQUIRE A MORTGAGE for this purchase, we strongly recommend that you receive your mortgage offer before you bid. An Agreement in Principle (AIP) is not enough due to the fact that if you are the successful bidder and wait to secure funding after the auction and if your lender will not lend on the property (for whatever reason) and you fail to complete, you will lose your deposit and any associated costs.

Help and Assistance: If you have any questions or require any clarification as to the online auction process please contact the auctioneer prior to commencement of the bidding window as we will be unable to enter into any discussions once the auction has started.

Bidding Process: Prior to bidding the bidder will complete a Passport-to-Bid process, which requires registration, verification and agreement to Buyers Terms.

How To Follow the Auction: Use 'Watch' button to follow the auction. If you register to Watch an auction you will receive email notifications of any bidding activity on the specific lot.

How It Works: Unconditional Timed Auction Online: This is a binding method of sale similar to a traditional public property auction. The only difference is the bidding takes place online. The successful purchaser will be required to pay a 10% deposit (subject to a minimum payment of £5,000) on the fall of the virtual gavel and contracts will be exchanged. Bidding for properties online works in a similar fashion to eBay. You can place bids using your PC, tablet or mobile phone and the minimum amount you can bid is defined by the 'bid increment' level. When you place a bid, the property listing page will show you if your bid was successful and whether or not you are the highest bidder. When you are the highest bidder on a property, if another bidder outbids you the system will notify you by email so that you can place another bid if you wish. The major difference from eBay is that our system eradicates sudden death 'bid sniping' through the use of auction 'extension times'. If you have any questions or require any clarification please contact the auctioneer.

Agents Notes: (1) All measurements are approximate and quoted for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied upon. (2) Any fixtures, fittings and appliances referred within these published details have not been tested and therefore no guarantee can be given that they are in working order. (3) Internal photographs are reproduced for general information and it is not inferred that any item shown within any picture is included with the property. (4) Photographs shown within these details may have been taken with a camera using a wide-angle lens. (5) These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. (6) In accordance with UK Anti Money Laundering Regulations Intending buyers will be asked to produce original Identity Documentation, Proof of Address and be subjected to an electronic ID verification check before a purchase conveyance is instructed. (7) Brown&Co comply with the General Data Protection Regulation (EU) 2016/679 (GDPR") please visit our website for our Privacy Statement, Subject Access Requests can be submitted to . (8) Brown&Co are regulated under the RICS code of conduct. (9) Brown&Co are a member of The Property Redress Scheme, Membership Number: PRS012758 (10) Brown&Co is a member of RICS Client Money Protection Scheme, RICS Firm Reference: 016189 (11) Brown&Co-Property And Business Consultants LLP trading as Brown&Co Registered Company Number OC302092. (11) Registered Office Address The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB