Property description
RESIDENTIAL CONVERSION TO TWENTY NINE FLATS -
A BUILDING OF SIX FLOORS WITH LIFTS -
A unique opportunity to buy the freehold of this landmark building with substantial curtilage currently compromising of 49 car parking spaces.
Crown House is a building erected by the government about 40 years ago and has been regarded as surplus to their office requirement.
The current owners purchased the building to convert to residential flat units and have obtained a planning consent for 29 mainly 2 bedroom units and work has started on two floors.
The owner has other commitments which will prevent the development being delivered for about 24 months and has reluctantly decided to bring the scheme to the market.
There is scope to improve the scheme by further new build development or utilising other parts of the building (all subject to further planning consents).
Planning Consent
Planning consent was granted on the 28th October 2013. The planning reference is 06/12/0196/F. The consent is for Conversion of and change of use to residential from offices and provision of 29 self-contained 1 & 2 bedroom flats.
Completed Project
As proposed the completed Project will comprise of:Ground Floor - two 1-bedroom and 2-bedroom apartmentsFirst - Fifth Floor - five 2-bedroom apartmentsPyramid Roof- has accommodation
Outside
StoresCar Parking for 49 cars
Plans
The plans prepared by Andrew Middleton are available for inspection or on our web page at AldredsCommercial.co.uk.
Tenure
Freehold
Possession
Vacant Possession
Overage
In the event a planning consent is obtained for further units on the curtilage, there will be a requirement in the contract to make an additional overage payment to the seller for 50% of the improvement in value created by the new consent. The overage will be in force for 25 years.
Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.
Property Features :
- Great value modern accommodation
- 29 residential apartments
- 2 Lifts to each floor
- 49 Car Parking Spaces
- Great views across Yarmouth Port and River Yare