118 Hall Road, Norwich, Norfolk NR1 3HP
- PROPERTY TYPE
Block of Apartments
- SIZE
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- 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
- Mixed use investment currently producing £31,930 pa
- Cafe and 4 studio apartments
- Located close to Norwich centre
- Guide Price £225,000 - £250,000
- For sale by live stream auction
- Unless previously sold or withdrawn prior
- 11am Wednesday 24 July 2024
Description
FOR SALE BY LIVESTRAM AUCTION ON WEDNESDAY 24 JULY AT 11AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A highly productive mixed use investment currently producing £31,930pa
This mixed use investment property currently comprises of a cafe and four bedsit apartments producing an annual income of £31,930 pa.
The shop is let on a five year lease from Jan 24 with an income of £8,400 pa and the four bedsit apartments jointly produce an annual income of £23,530. One of the flats is fully self contained and the other three units share a recently upgraded kitchen. There is an ensuite bathroom to the top floor flat and the remaining units share a shower room, which has also recently been upgraded.
The premises are located on a busy road less than a mile from Norwich City centre surrounded by local shops residential properties, schools and other community facilities.
Ground Floor Cafe with dining and kitchen areas, wc. Studio apartment to rear
First Floor Kitchen, shower room, two letting rooms
Second floor Studio apartment with ensuite shower room
Outside Front cafe seating area, rear garden
Business Rates 1 April 2023 to present: £5,800
Council Tax Band A
Viewings Individual viewings can be arranged for Tuesday 16th July 2024. Please call the Norwich Office to book an appointment.
Tenure: Freehold
EPC Rating: D
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: £600 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.
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- 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.
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Energy performance certificate - ask agent
118 Hall Road, Norwich, Norfolk NR1 3HP
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About Auction House, 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 40 regional auction rooms covering England, Scotland and Wales; the network sells more properties 'under-the-hammer' that any other auctioneer and are multi award winners.
More auctionsAuction House East Anglia hold 7 regional auctions per year, providing sellers short sale lead in times and more opportunity to sell, as well as weekly national auctions.
Expert property auctioneersAuction House East Anglia is directed by Bryan Baxter as its resident auctioneer. Bryan's team is highly skilled and knowledgeable, ensuring that accurate advice is provided to sellers around Reserve and Guide Price setting. Bryan is also a regular 'celebrity' auctioneer featuring on the TV program Homes Under The Hammer.
Types of property we sellWe sell residential and commercial property and land, including land and tenanted investments.
Help & adviceFriendly free advice without obligation and that includes auction valuations. We visit all properties when providing advice this ensures accuracy
Open House ViewingsWe organise attend three to four viewing sessions at each property lot entered into auction. This approach ensures we meet prospective buyers and creates the multiple viewing system creates prospective purchaser competition
Areas coveredNorfolk, Suffolk, Cambridgeshire, North Essex and South Lincolnshire
Powerful marketingIn order to get the best price each property needs effective promotion on the market, so we use the major UK property portals and our own auctionhouse.co.uk/estanglia website. Properties are also marketed via local and regional press such as the Eastern Daily Press, the Peterborough Telegraph, Your Local Paper and the East Anglian Daily Times
Choice of auction methodAuction House East Anglia provides non-conditional (immediate exchange) local and online auctions and conditional (flexible exchange) online auctions. The auction team will provide advice on the most suitable method of auction for your property or land.
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Visit our security centre to find out moreDisclaimer - Property reference 202404020703sq_tw2u_copy_2024-06-18_115713. 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, 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, 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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