About this property

For sale by online auction on 25th October 2023. Bidding window opens 24th October at 11am. Guide £600,000 - £700,000 plus fees. Nine x one bedroom flats.

DESCRIPTION The premises consists of nine one-bedroom flats, four of which are located in a converted Victorian house, the other five will be found in a purpose built building to the side, which was constructed during the early 1990's.

Please note that two of the units are occupied by 'protected' tenants and each flat produces £82.18 per week along with a service charge of £9.92 each per week (subject to final confirmation.) Utilities are payed for separately and not included in the rent.

The other seven units were occupied until recently and are now vacant. All units are double-glazed and some have independent gas fired central heating systems, the others have electric heating, but further improvements and updating is now required.

Please note we have not inspected the two occupied units.

Outside there is a courtyard area to the rear which provides off road parking facilities for several vehicles.

Please Note that a drainage report conducted on behalf of the sellers, Norwich Housing Society, is available upon request and will also form part of the legal pack.

Solicitor: Spire Solicitors (Charlotte Wright) Holland Court, The Close, Norwich NR1 4DY. Tel 01603 677077

LOCATION Nelson Street is a popular residential neighbourhood close to amenities within walking distance of the City centre.

DIRECTIONS Head away from Norwich on the A47 towards Dereham and proceed over the traffic lights with Old Palace Road and Heigham Road. Turn second right into Nelson Street and 11 Nelson Road will be found on the left.

ENERGY RATING C's & D's

VIEWING Please contact us for viewing arrangements.

NOTES Buyer Fees: Please note that the successful bidder will be required to pay an Administration Charge of £1,080 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.

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