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Lot 14 Sold: £266,000

41 Magdalen Street, Norwich, Norfolk NR3 1LQ

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Lot 14

Freehold Commercial/Residential Investment
6 week completion

Situation

Located in this established retail thoroughfare, close to the junction with St Saviours Lane, nearby multiples such as Sense, Betfred, TSB and Poundland, a variety of independent traders and the Anglia Square Shopping Centre, less than ½ mile north of the City Centre.
Norwich is an attractive City and commercial centre which lies some 19 miles west of Great Yarmouth and 45 miles north of Ipswich with road links via the A11.

Property

A Grade II Listed mid terrace building comprising a Ground Floor Restaurant (64 Covers) with separate rear access via an archway to 2 Self-Contained Flats on the first floor.


VAT is NOT applicable to this Lot

FREEHOLD


Note 1: The Rooms over the archway are not included in the Freehold Title of this property.

Note 2: A Floor Plan of the Flats is available from the Auctioneers.

Note 3: The ground floor has traded as an Indian Restaurant since 2004.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.