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COMMERCIAL

88 - 90 Catton Grove Road, Norwich, Norfolk NR3 3AA

Guide Price
£575,000
Auction House, East Anglia
PROPERTY TYPE

Mixed Use

SIZE

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FLP 26181 1 Original T202502281513.jpgFLP 26181 3 Original T202502281513.jpg
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Key features

  • Great investment opportunity
  • Redevelopment opportunites
  • Prominent north city location
  • Producing £42,540 pa
  • Guide price: £575,000
  • For sale by online livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am - Thursday 8th May, 2025

Description

FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, THURSDAY 8TH MAY 2025
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Mixed use premises comprising two shops (currently one), two flats tenanted on AST's and a garage/workshop site producing £42,540 pa

Offering this mixed use site situated on the north side of the city of Norwich. Located in a prominent position on the ring road this site offers great potential and an opportunity for development (stpp). Pegasus Models currently occupy both shops and have been running a successful business for many years. There is a large car park serving the shop which leads to a garage/workshop currently let to a mechanic servicing and maintaining vehicles.
Above the shop there are two, one bedroom flats currently let on ASTs. The total income of the whole site is £42,540 pa. Viewings can be arranged by prior appointment.

Shop producing £1,450 pcm
Flat 1 £700 pcm
Flat 2 £800 pcm
Garage £595 pcm

Shop Two retail areas, cellar divided into two, kitchen, office, storage unit to rear.
Currently producing £17,400 pa, £1,450 pcm
Flat 1 Currently let producing £8,400 pa, £700 pcm
Flat 2 Currently let producing £9,600pa, £800 pcm
Garage/Workshop Situated to the rear of the building there is a large workshop with parking area.
Currently let producing £7,140pa, £595 pcm
Outside There is a driveway leading to a large car park which offers great potential for redevelopment, subject to planning.
Business Rates The current rateable value according to the government website is £18,750
Council Tax Band Flats - A
Viewings Viewings are being held by appointment only

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.

88 - 90 Catton Grove Road, Norwich, Norfolk NR3 3AA

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Norwich Station2.0 miles
  • Salhouse Station4.3 miles
  • Hoveton & Wroxham Station6.4 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 202412191650sq_1eyo_copy_2025-04-07_114216. 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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