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Guide price

£200,000

Studio for sale Former Alphacraft Boatyard, Reeds Lane, St. Olaves, Norfolk NR31

  1. Property photo 1 of 9.

Points of interest

Property location

Nearby amenities

  • Haddiscoe0.7 miles
  • Somerleyton Primary School2.2 miles
  • Somerleyton2.4 miles
  • Reedham Primary School2.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
For sale by auction on Wednesday, 20 Oct 2021 at 11:00

Venue: Livestream Auction

A former boatyard extending to app. 4.25 acres (stms) with substantial River Waveney frontage

Reeds Lane is home to a number of marine related business and at the far end is this former boatyard offering tremendous rejuvenation potential.

The village of St Olaves is situated some 8 and 9 miles from Great Yarmouth and Beccles respectively and dissected by the River Waveney providing good access to the southern part of the Norfolk and Suffolk Broads.

The property includes two large somewhat dilapidated workshop/storage buildings along with an elevated office/administration building although this was never completed internally.

Externally, the site offers several mooring basins although these are now silted up and somewhat overgrown with reeds, it is however considered there is potential for 150m or so of moorings, possibly more if incorporating finger pontoons.

The site benefits from a relatively recently installed low flood wall which follows an irregular course between the river and buildings and we believe this Lot offers tremendous regeneration potential.

Notes
Please be advised that the site contains an array of boating paraphernalia, equipment and machinery and is being sold as seen.

Would all interested parties register their interest with the Auctioneer in order that they may be kept up to date with any developments.

Viewing
Any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.

Additional Fees
Buyers Premium: £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

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Auction House East Anglia

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