Paston Great Barn, Bacton Road, Paston, Norfolk, NR28 9TA
- Unconditional Online Auction Sale
- Guide Price* : £50,000-£60,000 plus fees.
Acting on behalf of North Norfolk Historic Buildings Trust Ltd.
Description
An important Grade II* listed property of great prominence in North Norfolk on the edge of Paston currently let to Natural England.
The property dates back to the 16th century being constructed of brick and flint with mainly thatched roofing including a number of smaller barns surrounding the main building, all of which are approached from the road with access leading up to the Great Barn.
Natural England manage the property with great care and attention, the main barn is closed due to the existence of rare bats including the Barbastelle bats which utilise a range of cracks and crevices in the internal timbers to roost, in addition seven other bat species are recorded in using the site.
The whole will be of interest to anyone seeking an excellent opportunity to acquire a historic property on an investment basis.
The main barn is a Scheduled Ancient Monument and the whole 0.96ha (subject to measured survey) site was designated a Special Area of Conservation (SAC) in 2005 along with being designated a National Nature Reserve in 2006 finally the site is also a Site of Special Scientific Interest (SSSI).
Currently let on a full repairing lease for a term of 50 years from April 2002 it provides a rental income of circa £9,000 per annum, further information on the lease can be with found within the legal pack.
The Barn dates back to 1581 being commissioned by Sir William Paston, a member of the influential Paston family, the Great Barn survives as an important reminder of the family's wealth and influence in the local area, this being the same family who provided the famous Paston Letters.
Location
Paston is a small historic village situated between the costal village of Mundesley and market town of North Walsham both of which offer an abundance of amenities close by.
Directions
What3words: ///seats.cinemas.overpower
Notes
Buyer Fees: Please note that the successful bidder will be required to pay an Administration Charge of £1,500 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.
If you REQUIRE A MORTGAGE for this purchase, we strongly recommend that you receive your mortgage offer before you bid. An Agreement in Principle (AIP) is not enough due to the fact that if you are the successful bidder and wait to secure funding after the auction and if your lender will not lend on the property (for whatever reason) and you fail to complete, you will lose your deposit and any associated costs.
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.
How To Follow the Auction: Use 'Watch' button to follow the auction. If you register to Watch an auction you will receive email notifications of any bidding activity on the specific lot.
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.
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Legal Documents
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