For Sale By Auction | 11:00, 23 October 2024 | Lot 7

Cotman House, 7 St. Martin at Palace Plain, Norwich, Norfolk NR3 1RN

Sold £732,000

  • Block of Apartments
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 23/10/2024

Auction Time

11:00

Auction Venue

Livestream Auction

Grade II* mixed use investment comprising a let dental surgery and three flats producing £47,549 pa

This historic 18th century four storey city centre building is arranged as a dental surgery and three flats with off road parking to the rear. All four self contained units are let producing £47,549 pa. The long established dentist has been in occupation for over twenty years paying £16,000 pa. Flat A is a three bedroom flat let at £14,400 pa, B a two bedroom flat let at £7,909 pa and C is a one bedroom flat let at £9,240 pa. A valuable and highly productive investment opportunity opposite Norwich cathedral. First time to market in around 45 years making this a rare opportunity.

Tenure

Freehold

History

It is named Cotman House as John Sell Cotman (1782 to 1842) an English marine and landscape painter, etcher, illustrator, and a leading member of the Norwich School of painters lived there in 1824.

Lower Ground floor Flat 7C (105 sq/m)

Entrance hall, bathroom, kitchen/dining room, cellar, wc, sitting room, bedroom, dressing room Let at £770 pcm

Ground floor Dental Surgery

Entrance hall, surgery room, waiting room, wc, decontamination room, staff room Let at at £1,333.33 pcm www.cotmanhousedentalsurgery.co.uk

First floor flat 7A (106 sq/m)

Entrance hall, sitting room, kitchen, three bedrooms, shower and wc Let at £1,200 pcm

Second top floor flat 7B (72 sq/m)

Entrance hall, kitchen/dining room, sitting room, bathroom, two bedrooms Let at £659 pcm

Outside

Small front garden area, rear garden and off road parking for around three cars.

Viewings

Viewings are arranged in conjunction with the tenants - the next are on Monday 21st October. To book an appointment please call the Norwich office.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Norwich City Council

Solicitors

Ellisons Solicitors (Ipswich), Ref: Harriet Smith, Tel: 01473 230033

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.