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COMMERCIAL

4 Bond Street, Cromer, Norfolk NR27 9DA

Guide Price
£300,000
Auction House, East Anglia
PROPERTY TYPE

Residential Development

SIZE

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Snip Plans East T202411081329.jpgPF 23 2498-Proposed Floor Plans-1912095.pdf T202411081238.jpg
3

Key features

  • Great investment opportunity
  • PP for 9 flats (one 3 bed penthouse, four 2 bedroom & four 1 bedroom flats)
  • Planning Reference PF/23/2498, Approved October 2024
  • Centre of seaside town of Cromer in North Norfolk
  • Former commercial building
  • Guide price: £300,000
  • For sale by livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am, Wednesday 26 March 2025

Description

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 26 MARCH 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Commercial premises in the heart of Cromer with residential Planning Permission for conversion to 9 flats (one penthouse)

Rare opportunity to demolish and reconstruct this commercial building which was once the base for St John's Ambulance training centre.

Situated in the heart of this historic seaside town of Cromer convenient for all amenities, this now vacant building has just been issued full planning for conversion into 9 residential flats, details can be found on North Norfolk Council website with Reference: PF/23/2498. Approved on 29 Oct 2024 the planning comprises of 9 flats (4 two bedroom, 4 one bedroom and 1 three bedroom penthouse flat. This is an ideal redevelopment and investment opportunity in a very popular holiday destination.

Accommodation Former commercial building with planning for 2 blocks of flats comprising 9 in total with bike and bin store space.
Rateable Value According to the valuation office website the existing premises has an area of 222.4 sq/m and a rateable value of £4,250 with effect from 1st April 2023.
Services The property retains its existing water supply however the gas and electricity supplies will need to be reconnected.
Viewings Viewings of the building are being held by appointment

Please contact the Norwich Office to book your appointment

Tenure: Freehold

EPC Rating: E

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £960 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.

4 Bond Street, Cromer, Norfolk NR27 9DA

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cromer Station0.4 miles
  • Roughton Road Station0.8 miles
  • West Runton Station2.4 miles
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About Auction House, East Anglia

The Barn Newmarket Road Cringleford Norwich NR4 6UE
Industry affiliations:
Why Use Auction House East Anglia?

    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 Brand

    Auction 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 auctions

    Auction 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 auctioneers

    Auction 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 sell

    We sell residential and commercial property and land, including land and tenanted investments.

    Help & advice

    Friendly free advice without obligation and that includes auction valuations. We visit all properties when providing advice this ensures accuracy

    Open House Viewings

    We 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 covered

    Norfolk, Suffolk, Cambridgeshire, North Essex and South Lincolnshire

    Powerful marketing

    In 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 method

    Auction 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.

    Notes

    These notes are private, only you can see them.

    Disclaimer - Property reference 202405151707sq_g75r_copy_2025-02-28_155024. 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.”

    Map data ©OpenStreetMap contributors.

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