Lot 4 - Former Eaton Rifle Range, 92-94 Upper St Giles Street, Norwich, Norfolk, NR2 1LT
- Unconditional Online Auction Sale
- Guide Price* : £110,000
- Bedrooms: 0
An extensive lower ground floor, cellar area formerly used by Eaton Rifle Club with approximately 2,455 sq ft (228.1 sq m) of space. Long leasehold. Varying uses all SUBJECT TO PLANNING.
Description
An extensive lower ground floor, cellar area formerly used by Eaton Rifle Club with approximately 2,455 sq ft (228.1 sq m) of space. The entrance is accessed on ground floor level (with WC facilities) with steps down to the main area comprising of three principal areas, all of varying height (main section 2.7m) and with store rooms. The main cellar area has an uninterrupted length of approximately 27 metres. Long leasehold. Varying uses all SUBJECT TO PLANNING.
The property is located on Upper St. Giles Street, Norwich in the heart of the City and accessed via a pathway to the side of a block of flats on the South side of the street. Upper St. Giles is a quiet but vibrant location with art galleries, coffee shops and restaurants making it a desirable location.
The property is being offered with a long leasehold as follows:
Term: 125 years from 1st April 2006
Ground Rent: £300 per annum
Vacant possession
Accommodation
An extensive lower ground floor, cellar area formerly used by Eaton Rifle Club with approximately 2,455 sq ft (228.1 sq m) of space. The entrance is accessed on ground floor level (with WC facilities) with steps down to the main area comprising of three principal areas, all of varying height (main section 2.7m) and with store rooms. The main cellar area has an uninterrupted length of approximately 27 metres. Long leasehold. Varying uses all SUBJECT TO PLANNING.
The property is located on Upper St. Giles Street, Norwich in the heart of the City and accessed via a pathway to the side of a block of flats on the South side of the street. Upper St. Giles is a quiet but vibrant location with art galleries, coffee shops and restaurants making it a desirable location.
We would advise any interested parties to speak to the local planning authority in regards to the type of use that would be permitted. Due to limited access and the nature of the surrounding areas, uses involving lots of people (i.e nightclub) are unlikely to be permitted, however, we would suggest speaking to them direct.
The property is being offered with a long leasehold as follows:
Term: 125 years from 1st April 2006
Ground Rent: £300 per annum
Vacant possession
Planning Authority
Norwich City Council
Directions:
It is opposite The Bell Jar shop and a coffee shop called NINETY ONE. Go through the gates, walk to the back of the parking area and the entrance is on the back right
Tenure
Leasehold
Buyers Premium
* Plus 5% Buyers Premium + VAT
Sale Type
Unconditional (Buyer's Premium)
Conditional Sale Type Text
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
buyers' attention should be drawn to the following clauses of the lease as the freeholder will only revoke or alter these clauses under the most exceptional circumstances; Schedule 5
4.5
4.7
4.15
4.20
* 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.
Loading the bidding panel...
Agreement Documents
Related Documents
Make an Enquiry
Submit an enquiry and someone will be in contact shortly.
Share
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.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
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.