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Wellesley Road, Great Yarmouth
Auction Guide £175,000, building plot / land, for sale

Key features

  • Residential Development Opportunity
  • Full Planning Permission
  • 6 Self Contained Flats
  • Building is stripped & ready for conversion
  • 393 SqM of floor space
  • Close to Seafront
  • 4 one beds with studies
  • 2 two beds with studies
  • Attractive Build to Let
  • Potential Staycation Investment

Property Description

An opportunity for residential property developers. Wellesley Road, Great Yarmouth. Auction Guide £175,000 PLUS. Formally two substantial terraced properties now presented as one providing 393 SqM of floor space. Full planning permission for 6 large self contained flats (mix of 2 & 1 beds). Sale is to be conducted under unconditional timed auction scheduled to end Friday 23rd April 2021 12:00 noon. Pre-auction offers will be considered.

INTRODUCTION This development opportunity should appeal to developers and investors alike. The property was formally two substantial adjacent terraced houses having been combined some years ago to present as one dwelling. Full planning permission has been granted for 6 large self contained flats (mix of 2 & 1 beds all with studies). Planning application 06/20/0049/CU 01/05/2020. The property internally has been stripped in readiness for the conversion.

BUYERS FEES & MONEY PROCESS The successful bidder buyer will additionally pay over to the auctioneer a deposit of 10% of the purchase price immediately after the timed auction ends. All Buyer payments to be made by electronic bank transfer to the Living Property Client Account, the details of which will be provided by the auctioneer to the successful bidder buyer immediately after the auction ends.

Extra Special Condition of Sale: The winning Bidder Buyer agrees to pay the sum of £300 (£250.00+vat) to the Seller on completion in consideration of the production of legal documents and searches supplied by the Seller.

Other fees may be payable on completion and will be detailed within the Special Conditions of Sale to be found within the published Auction Pack.

ABILITY TO BUY This property is being sold under Unconditional Auction Rules creating a legally binding contract at the conclusion of the timed auction. DO NOT bid unless you can complete the sale within 28 days.

BIDDING PROCESS Prior to bidding the bidder will complete a Passport-to-Bid process, this requires registration, ID verification and agreement to Buyers Terms.

HOW IT WORKS Unconditional Timed Auction Online: This is a binding method of sale similar to a traditional multi-lot public property auction. The only difference is the bidding takes place on line. The successful purchaser will be required to pay a 10% deposit on the fall of the virtual gavel and contracts will be exchanged. Bidding for properties online works in a similar fashion to eBay. You can place bids using your PC, tablet or mobile phone and the minimum amount you can bid is defined by the 'bid increment' level. When you place a bid, the property listing page will show you if your bid was successful and whether or not you are the highest bidder. When you are the highest bidder on a property, if another· bidder outbids you the system will notify you by email so that you can place another bid if you wish. The major difference from eBay is that our system eradicates sudden death 'bid sniping' through the use of auction 'extension times'. If you have any questions or require any clarification please contact the auctioneer.

AGENTS NOTES (1) All measurements are approximate and quoted for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on. (2) Any fixtures, fittings and appliances referred within these published details have not been tested and therefore no guarantee can be given that they are in working order. (3) Internal photographs are reproduced for general information and it is not inferred that any item shown within any picture is included with the property. (4) Photographs shown within these details have been taken with a camera using a wide-angle lens. (5) These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. (6) In accordance with UK Anti Money Laundering Regulations Intending buyers will be asked to produce original Identity Documentation, Proof of Address and be subjected to an electronic ID verification check before a purchase conveyance is instructed. (7) Living Property comply with the General Data Protection Regulation (EU) 2016/679 ("GDPR") please visit our website for our Privacy Statement, Subject Access Requests can be submitted to (8) Living Property are a member of The Property Ombudsman scheme, Membership Number: D6837 (10) Sales: Living Property is a trading name of Living Property Sales & Auctions Ltd, whose registered company number is 13033371.Lettings: Living Property,is a trading name of Living Property Waveney Lettings & Management Ltd, whose registered company number is 6844815 (11) Both registered Office Address - Gate House, Hungate, Beccles, Suffolk NR34 9TL.

"The Ladies at Living property are the friendliest and most efficient team I have ever had the pleasure of dealing with. When I moved into my first property I was impressed that they dealt with all the handling of the meter readings and contacted the utility companies on my behalf, Which took immediate stress off my move. They are professional and always reliable, good natured and good humoured in all our correspondences. I would not hesitate to refer them to anyone needing assistance with accommodation."
Karen J Deare (Tenant)

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