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Commercial Property for sale

Lime Tree Avenue, Wymondham, Norfolk, NR18

Withdrawn from Market 2,300 sq. ft. | £425,000

Property Description

Commercial information

  • 2,300 sq ft (213 sq m)

Key features

  • UNIQUE INVESTMENT OPPORTUNITY
  • BLOCK OF STUDIO APARTMENTS
  • 6 APARTMENTS IN TOTAL
  • LEASEHOLD
  • COMMUNAL GARDENS AND PARKING

Full description

Tenure: Freehold

**THIS IS A LONG LEASEHOLD PROPERTY **
This property is for sale by the Modern Method of Auction, at a starting bid of £425,000. This Modern Method of Auction is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Six leasehold studio apartments offered together make this a unique investment opportunity for any existing or potential landlord. Currently all apartments are let to established tenants and generate an annual income of over £30,500 and the block is located in a good letting area of this popular market town. Continued maintenance by its current owners means all apartments are double glazed, are re-decorated periodically and enjoy bright and airy communal areas.


More information from this agent

Map & Street View

Disclaimer - Property reference 334431. 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 Arnolds Keys, Norwich - Commercial. 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.

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*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.”

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 Arnolds Keys, Norwich - Commercial on 01603 950248.


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