Lot 2 - Land, 131 Norwich Road, New Costessey, Norwich, Norfolk, NR5 0LE
- Unconditional Online Auction Sale
- Guide Price* : £90,000-£110,000 plus fees
- Bedrooms: 0
Description
We are pleased to offer this plot of land in New Costessey amounting to 0.35 acres subject to measured survey in a poplar area of west Norwich. The land has potential for residential development subject to all the necessary planning.
In the past, planning consent was granted in 1984 for a single dwelling and then a further application was submitted in 1990 but both have since now lapsed. Any interested party will need to satisfy their own queries as to whether planning can be obtained again. Documents relating to the planning back in 1984 can be found in the legal pack. The land has benefit of a right of way from the rear passageway, please refer to the legal pack for further information.
Buyers should be aware that there is what looks to be an old cess pit/drainage opening in the site, this has been covered with some heras fencing for safety reasons. Interested parties will need to satisfy their own queries on this matter.
A shed/storage unit on the left hand side of the land is included in the sale.
Solicitor: Hatch Brenner (Attn Liberty Townsend), 4 Theatre Street, Norwich, NR2 1QY. Tel 01603 674576
Location
New Costessey is located on the west side of Norwich, only around 4 miles from the city centre. And conveniently located for access to the Norfolk & Norwich University Hospital, There is a regular bus service from the area on the Norwich road to the city, and very good access to the A47 Norwich southern bypass. Local amenities include a community village hall, infant school, shops, medical centre and Bowthorpe southern park on the banks of the River Yare.
Directions
Leave Norwich via the Dereham road, continue along this road for roughly 2.2 miles. Proceed down Norwich road turning right at the traffic lights, continue for roughly 0.8 miles passing the co-op daily, the land can be found on the left hand side of Norwich road just before the turning off for Gunton Lane.
Notes
Buyer Fees: Please note that the successful bidder will be required to pay an Administration Charge of £1,170 inclusive of VAT. This fee is due and payable from the winning bidder immediately after the timed auction ends. The successful bidder will additionally pay over to the auctioneer a deposit of 10% of the purchase price, subject to a minimum of £5,000, after the timed auction ends. All payments to be made by debit card payment or electronic bank transfer to the Brown&Co Client Account, the details of which will be provided by the auctioneer to the successful bidder shortly after the auction ends. 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, or on the terms specified within the Special Conditions of Sale.
Help and Assistance: If you have any questions or require any clarification as to the online auction process please contact the auctioneer prior to commencement of the bidding window as we will be unable to enter into any discussions once the auction has started.
Bidding Process: Prior to bidding the bidder will complete a Passport-to-Bid process, which requires registration, verification and agreement to Buyers Terms.
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How It Works: Unconditional Timed Auction Online: This is a binding method of sale similar to a traditional public property auction. The only difference is the bidding takes place online. The successful purchaser will be required to pay a 10% deposit (subject to a minimum payment of £5,000) 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 upon. (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 may 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) Brown&Co comply with the General Data Protection Regulation (EU) 2016/679 (“GDPR”) please visit our website www.brown-co.com for our Privacy Statement, Subject Access Requests can be submitted to dataprotectionmanager@brown-co.com . (8) Brown&Co are regulated under the RICS code of conduct. (9) Brown&Co are a member of The Property Redress Scheme, Membership Number: PRS012758 https://www.theprs.co.uk/ (10) Brown&Co is a member of RICS Client Money Protection Scheme, RICS Firm Reference: 016189 (11) Brown&Co-Property And Business Consultants LLP trading as Brown&Co Registered Company Number OC302092. (11) Registered Office Address – The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
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Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.