Lot 51

DETACHED LICENSED HMO IN NORFOLK BROADS VILLAGE

Cypress Lodge, Station Road, Potter Heigham, Great Yarmouth, Norfolk, NR29 5HX
Cypress Lodge, Station Road, Potter Heigham, Great Yarmouth, Norfolk, NR29 5HX
Sold £400,000

This established detached property, which we understand dates back to 1914, is situated in the popular Norfolk Broads village of Potter Heigham which has a village pub and shops, plus river frontage. There are further amenities available in nearby towns including Acle and Great Yarmouth.

The premises is registered as an HMO with seven bedrooms but may offer potential for either holiday accommodation, Bed & Breakfast or reversion back to a family residence, owing to its location on the Norfolk Broads and the demand for enhanced lifestyle choices, naturally, this is subject to all necessary consents being available.

Ground Floor

Entrance reception hallway, reception room one/bedroom, main reception room, kitchen/dining room, utility room, rear lobby, wet room/shower room, bedroom.

First Floor

Landing, three bedrooms each with en-suite shower rooms, store room, cloakroom/W.C.

Second Floor

Two bedrooms and bathroom with W.C.

Outside

To the rear of the property there is an additional studio providing a living room, shower room and cloakroom/W.C.

There are gardens to both front and rear of the building with driveway to the side leading to a rear garden.

Site Measurements

The site extends to 0.14 hectares (0.36 acres).

Local Planning Authority

North Norfolk District Council. Tel: 01263 513811. Website: north-norfolk.gov.uk.

Auctioneer's Note

We have been advised by the Seller that the rooms were let to staff at a local care home at £71 each per week, with an occupancy rate of approximately 83%.

Freehold with Vacant Possession

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/