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Commercial Property
Commercial Development Opportunity.
A vacant freehold former office over three floors (265 sq.m).
The building has planning approved for change of use from Offices (E1 use class) to an Office at ground and basement levels, and a 6-bedroom 6-person House of Multiple Occupation (C4 use class) at first and second floor levels, with external alterations.
Planning Reference: 06/23/0336/F.
LOCATION
South Quay sits on the bank of The River Yare. South Quay was the central location in the 19th century for fishing curing works and in the late 13th century offered Great Yarmouth town defences and was the site of the Greyfriars Franciscan friary. Today South Quay has a mix of commercial and residential offices and dwellings. The site is located 38 minutes walk from Great Yarmouth High Street and a 12 minute walk from Marine Parade on the seafront.
VIEWING
On-Site Viewing Strictly by appointment. Call 07771 567205.
DIRECTIONS
For SatNav use NR30 2RG. If using What3Words Navigation search: follow.edges.sweat.
Local Authority:
Great Yarmouth Borough Council.
Conservation Area:
The property is located in a Conservation area.
Services:
Mains water (Essex and Suffolk Water), electricity and drainage (Anglian Water).
Flood Risk:
Rivers and the sea - Low risk. Surface water - High risk.
Broadband:
Broadband: Standard, Superfast & Ultrafast (Openreach, Virgin Media and EE) are available in this location.
Mobile Signal:
EE, O2, Vodaphone and Three are available in this location for Voice and Data.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
