Lot
    Block of Apartments
    Britannia House
    53 Prince of Wales Road, Norwich, Norfolk, NR1 1BL
    £1,750,000+
    Guide Price (plus fees)
    Number 1
    A Substantial Mixed Use Building Arranged to Provide Two Ground Floor Split Level Retail Units (Both Sold Off) and Twenty Two Flats (One Sold Off) Fully Let Producing a Combined Income of £198,250 Per Annum

    Description

    The property comprises a substantial mixed use building arranged to provide two ground floor split level retail units and twenty two flats (9 x studio & 13 x one bedroom) arranged over first, second and third floors.

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Lion Wood are within easy reach. Transport links are provided by Norwich rail station.

    Accommodation

    Lower Ground and Ground Floors
    1 x Retail Unit (Sold Off)

    Lower Ground, Ground and First Floors
    1 x Retail Unit (Sold Off)

    First Floor
    3 x Studio Flats
    3 x One Bedroom Flats

    Second Floor
    3 x Studio Flats
    5 x One Bedroom Flats

    Third Floor
    3 x Studio Flats
    5 x One Bedroom Flats

    Tenancy

    21 out of 22 flats are subject to individual tenancies at a combined rent of £198,000pa. Flat 10 is sold off on a lease expiring 13/10/2141 with a ground rent of £250pa.. Please refer to the legal pack for the full tenancy schedule.
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    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.

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