Property description

This town house at the edge of Cromer town centre offers a great investment for a variety of uses and is currently made up of 3 units. Being sold by Modern Method of Auction

Ground floor: Former shop premises with the traditional shop front and converted into a Flat consisting of: Entrance, sitting room, shower room, kitchen, storage area and double bedroom. This unit is vacant and could do with some updating and refurbishment.

Ground floor and first floor flat: With its own private entrance from the ground floor is this flat with: Hall with staircase to accommodation, sitting room, fitted kitchen, bathroom and 2 bedrooms. (Tenanted)

2nd Floor: Accessed from its own external stairway to a small outside balcony area this flat offers bright and airy with Entrance hall, sitting room, kitchen, 2 bedrooms and bathroom. (Tenanted)

Each has their own gas fired central heating systems, separate electrical and water supplies.

The property needs some tlc but as an investment is worth considering the possibilities.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.