Cotman House, 7 St. Martin at Palace Plain, Norwich, Norfolk NR3 1RN
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Grade II* four storey mixed use investment
- Comprising a let dental surgery and three flats producing £46,349 pa
- Opposite Norwich cathedral
- Guide price: £500,000 - £600,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 23 October 2024
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 23rd OCTOBER 2024 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Grade II* mixed use investment comprising a let dental surgery and three flats producing £46,349 pa
This historic 18th century four storey city centre building is arranged as a dental surgery and three flats with off road parking to the rear. All four self contained units are let producing £46,349 pa. The long established dentist has been in occupation for over twenty years paying £16,000 pa. Flat A is a three bedroom flat let at £13,200 pa, B a two bedroom flat let at £7,909 pa and C is a one bedroom flat let at £9,240 pa.
A valuable and highly productive investment opportunity opposite Norwich cathedral.
First time to market in around 45 years making this a rare opportunity.
History It is named Cotman House as John Sell Cotman (1782 to 1842) an English marine and landscape painter, etcher, illustrator, and a leading member of the Norwich School of painters lived there in 1824.
Lower Ground floor Flat 7C (105 sq/m) Entrance hall, bathroom, kitchen/dining room, cellar, wc, sitting room, bedroom, dressing room
Let at £770 pcm
Ground floor Dental Surgery Entrance hall, surgery room, waiting room, wc, decontamination room, staff room
Let at at £1,333.33 pcm
First floor flat 7A (106 sq/m) Entrance hall, sitting room, kitchen, three bedrooms, shower and wc
Let at £1,100 pcm
Second top floor flat 7B (72 sq/m) Entrance hall, kitchen/dining room, sitting room, bathroom, two bedrooms
Let at £659 pcm
Outside Small front garden area, rear garden and off road parking for around three cars.
Viewings Viewings are arranged in conjunction with the tenants - the next are on Monday 7 October. To book an appointment please call the Norwich office.
Tenure: Freehold
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: £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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Cotman House, 7 St. Martin at Palace Plain, Norwich, Norfolk NR3 1RN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norwich Station0.5 miles
- Salhouse Station4.8 miles
- Brundall Gardens Station5.0 miles
About the agent
Auction House, Covering East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auction House UK group of
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 202409061726sq_5t76. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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