Lot 31
    Terraced
    11 & 12 Kent Square
    Great Yarmouth, Norfolk, NR30 2EX
    Sold for £189,000
     
    Number 1
    A Pair of Adjoining Three Storey + Basement Houses Comprising in Excess of 20 Rooms. Potential for Use as an HMO, Conversion to Single Dwellings or Alternative Residential Redevelopment (Subject to Obtaining all Relevant Consent).

    Description

    The property comprises a pair of terrace buildings (including the end of terrace) arranged over basement and three upper floors. No. 11 is offered in derelict condition and No. 12 is in better condition but also requires a full program of works.

    Tenure

    Freehold

    Location

    The property is situated in the popular tourist destination of Great Yarmouth close to the shops and restaurants of Marine Parade and just 50 meters from Great Yarmouth Beach. The open spaces of St George's Park are also within close proximity. Transport links are provided by Great Yarmouth rail station.

    Accommodation

    Auction House London has not inspected the properties but we understand from the vendor that the two buildings are internally arranged to collectively provide more than 20 rooms. Further information will be provided prior to the auction.

    Tenancy

    We understand that rooms let for between £60 (small rooms) and £100 (larger with en suites) per week. Thus potential ERV (fully renovated) in excess of £70,000 per annum.
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    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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